earnings
confidence high
sentiment positive
materiality 0.70
AIG Q1 adjusted EPS $1.63 (+9% YoY); Board raises quarterly dividend 12.5% to $0.36
AMERICAN INTERNATIONAL GROUP, INC.
2023-Q1 EPS reported
$0.03
revenue$10,984,000,000
- Adjusted after-tax income $1.21B ($1.63/diluted share) vs $1.49 prior year; GAAP net income $0.03/share due to market-related items.
- General Insurance combined ratio 91.9%, improved 1.0 pt; adjusted accident year combined ratio 88.7%, improved 0.8 pt; underwriting income $502M.
- Life & Retirement APTI $886M, down $48M YoY; base investment yield improved 60 bps.
- Board declared $0.36/common share dividend, a 12.5% increase; payable June 30, 2023. Repurchased $603M of common stock in Q1.