American International Group Inc

American International Group Inc

AIG

Market Cap$48.67B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
American International Group IncAmerican International Group Inc19.62.01%-5%3.10.3

Earnings Call Q3 2024

November 5, 2024 - AI Summary

**Strong Financial Performance & Growth**: AIG reported adjusted after-tax income of $798 million in Q3 2024, a 31% increase in earnings per share year-over-year. General Insurance reported underwriting income of $437 million, with net premiums earned up 7% year-over-year to $5.9 billion. Overall, AIG achieved a calendar year combined ratio of 92.6%, indicating strong profitability relative to industry benchmarks.
**Resilient Catastrophe Loss Management**: The company faced total catastrophe-related charges of $417 million in Q3, but emphasized a significant improvement in handling CAT events compared to the past. Since 2012, AIG has reduced losses tied to natural disasters, projecting a less than 1% market share of the forecasted total industry loss for 2024 of over $125 billion, demonstrating effective underwriting and reinsurance strategies.
**Continued Shareholder Returns**: AIG returned $1.8 billion to shareholders in Q3 through $1.5 billion in stock repurchases and $254 million in dividends. The company plans to execute a total $10 billion share repurchase authorization through 2024 and 2025, while maintaining an increased cash dividend of 11% earlier this year.

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$85.80

Target Price by Analysts

13.6% upsideAmerican International Group Target Price DetailsTarget Price
$9.87

Current Fair Value

86.9% downside

Overvalued by 86.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$48.67 Billion
Enterprise Value$58.54 Billion
Dividend Yield$1.6 (2.01111405133633%)
Earnings per Share$5.02
Beta1.07
Outstanding Shares641,600,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio19.59
PEG-23.52
Price to Sales3.15
Price to Book Ratio1.1
Enterprise Value to Revenue3.7
Enterprise Value to EBIT387.71
Enterprise Value to Net Income-27
Total Debt to Enterprise0.19
Debt to Equity0.25

Revenue Sources

No data

Insider Trades

ESG Score

No data

About American International Group Inc

2,020 employees
CEO: Robert Benmosche