NYSE$AIG

American International Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

AIG had an excellent start to the year with growth in General Insurance and continued strong performance in Life and Retirement.

AIG reported a strong first quarter with growth in General Insurance and solid performance in Life and Retirement. Net income attributable to AIG common shareholders was $3.9 billion, or $4.41 per diluted common share. The combined ratio was 98.8 inclusive of catastrophe losses and 92.4, as adjusted. AATI was $923 million, or $1.05 per diluted common share.

  • Delivered strong growth in net premiums written in General Insurance, driven by North America and International Commercial businesses.
  • Achieved underwriting profitability in General Insurance, with a combined ratio of 98.8 inclusive of catastrophe losses and 92.4, as adjusted.
  • Life and Retirement delivered another solid quarter, with adjusted pre-tax income growth driven by diversified product offerings and increased investment returns.
  • Repurchased $362 million of common stock and ended the quarter with $7.9 billion of liquidity.

Headline financials

Total Revenue

$14.5B

Previous: $14.4B+0.1%
EPS (adj)

$1.05

Previous: $0.11+854.5%
Accident year combined ratio, as adjusted

92.4%

Previous: 95.5%-3.2%
Free Cash Flow

$3.88B

Previous: $1.75B+121.6%
Net Income

$3.88B

Previous: $1.75B+121.6%
Operating Income

$5.09B

Previous: $3.11B+63.8%
Gross Profit

$7.18B

Previous: $5.26B+36.5%
Cash & Equivalents

$2.8B

Previous: $2.74B+2.1%
Total Assets

$584B

Previous: $510B+14.5%

Revenue & EPS history

AIG · Revenue · Quarterly

$14.5B

Q1 2021+0.1%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

AIG expects profitable growth to continue throughout the year, supported by the repositioning of their global portfolio.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+1.9%

Avg return

30 days after

58%

40 / 69 earnings

Positive

+11.5%

Q1 2010

Best reaction

-11.0%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.1%+3.9%-0.7%
Q4 2025+4.6%+4.4%+2.3%
Q3 2025-5.4%-4.7%-4.6%
Q2 2025+2.0%+4.3%+3.4%
Q1 2025+3.2%+1.1%+4.7%
Q4 2024+1.2%-2.1%+9.5%
Q3 2024-0.4%-0.2%+0.3%
Q2 2024-5.2%-11.2%-2.5%
Q1 2024+3.7%+6.2%+4.7%
Q4 2023-0.8%+0.4%+8.8%
Q3 2023+5.0%+4.3%+7.6%
Q2 2023+1.6%+0.7%-2.9%
Q1 2023+4.8%+3.4%+7.5%
Q4 2022+1.0%-1.1%-23.2%
Q3 2022+0.5%+1.6%+10.7%
Q2 2022+3.3%+10.8%+3.6%
Q1 2022+8.3%+5.4%-1.5%
Q4 2021+1.7%+2.2%+1.1%
Q3 2021-3.5%-3.8%-12.7%
Q2 2021+8.2%+12.8%+17.0%
Q1 2021+4.7%+3.1%+9.3%
Q4 2020+4.5%+2.9%+15.5%
Q3 2020+5.0%+21.0%+28.8%
Q2 2020-7.5%-4.6%-7.2%
Q1 2020+4.9%+15.7%+39.1%
Q4 2019-10.7%-9.7%-47.5%
Q3 2019+3.7%+4.8%-0.6%
Q2 2019+4.5%+1.3%+0.9%
Q1 2019+6.8%+9.6%+13.9%
Q4 2018-8.3%-3.4%+0.5%
Q3 2018+5.3%+7.7%+5.6%
Q2 2018-2.4%-3.6%-3.3%
Q1 2018-7.8%-5.4%-5.4%
Q4 2017-0.4%-1.7%-6.4%
Q3 2017-4.1%-3.9%-7.4%
Q2 2017+0.9%-0.8%-7.3%
Q1 2017+1.9%+0.6%+4.4%
Q4 2016-8.0%-5.5%-4.9%
Q3 2016-4.2%-2.3%+5.1%
Q2 2016+7.2%+9.0%+9.6%
Q1 2016+0.2%
Q4 2015+1.0%
Q3 2015-3.3%
Q2 2015-2.8%
Q1 2015+1.9%
Q4 2014+3.3%
Q3 2014-0.3%
Q2 2014+0.3%
Q1 2014-3.5%
Q4 2013-0.1%
Q3 2013-7.1%
Q2 2013+6.2%
Q1 2013+8.1%
Q4 2012+2.3%
Q3 2012-6.4%
Q2 2012+1.6%
Q1 2012-5.6%
Q4 2011+2.7%
Q3 2011-1.2%
Q2 2011-11.0%
Q1 2011-3.0%
Q4 2010-3.7%
Q3 2010-0.2%
Q2 2010+4.4%
Q1 2010+11.5%
Q3 2008-7.9%
Q3 2009-7.9%
Q2 2009+5.5%
Q2 2008+5.5%

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