AIG Q3 net income $3.50/diluted share; adjusted EPS $0.66 down from $0.97 YoY; insurance underwriting improves

AMERICAN INTERNATIONAL GROUP, INC.

2022-Q3 EPS reported $12.49 revenue$44,851,000,000

GAAP net income $2.7B ($3.50/diluted); adjusted after-tax income $509M ($0.66/diluted), down from $0.97 YoY on lower alternative investment income.
General Insurance combined ratio 97.3%, improved 2.4 pts YoY despite Hurricane Ian; adjusted accident year combined ratio 88.4% (improved 2.1 pts).
Life & Retirement premiums/deposits $8.9B, up from $7.2B YoY; adjusted ROCE 7.5% annualized.
Repurchased $1.3B of AIG common stock in Q3; announced ~$1.8B debt redemption/repurchase.
Board declared $0.32/share common dividend; preferred dividend $365.625/share ($0.365625/depositary share).

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN INTERNATIONAL GROUP, INC. reported the quarter ended September 30, 2022 results: net income $2.7 billion, EPS $3.50 per diluted common share.

Period: the quarter ended September 30, 2022
Net income: $2.7 billion
EPS: $3.50 per diluted common share
Result: reported results

Exact text from the filing

On November 1, 2022, American International Group, Inc. (the “Company”) issued a press release (the “Press Release”) reporting its results for the quarter ended September 30, 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN INTERNATIONAL GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-113509

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