earnings
confidence high
sentiment positive
materiality 0.75
AIG Q2 2024: Net loss $5.96/sh due to Corebridge deconsolidation; adj. EPS $1.16, up 9%
AMERICAN INTERNATIONAL GROUP, INC.
2024-Q2 EPS reported
-$4.11
revenue$13,323,000,000
- Net loss per diluted share $5.96 vs prior-year income $2.03; adjusted after-tax income per diluted share $1.16, +9% YoY (+38% comparable basis).
- General Insurance NPW $6.9B, down 8% reported, up 7% on comparable basis; record Commercial Lines new business $1.3B (+18%).
- Accident year combined ratio as adjusted 87.6%, improved 40 bps YoY (170 bps comparable); cat loss ratio 5.7 points.
- Board declares $0.40/share dividend; Q2 share repurchases $1.7B, H1 total $3.3B.
- Completed Corebridge deconsolidation, advancing multi-year strategy to reposition AIG.