NYSE$AIG

American International Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

AIG delivered excellent results with improved underwriting profitability and continued solid performance from Life and Retirement.

AIG reported strong first quarter results, driven by improvements in underwriting profitability in General Insurance and solid performance in Life and Retirement. The company also made progress on the separation of Life and Retirement and accelerated capital management actions, including increasing the share repurchase authorization to $6.5 billion.

  • General Insurance underwriting profitability improved significantly.
  • Life and Retirement showed continued solid performance.
  • Advanced progress on the separation of Life and Retirement from AIG.
  • Increased the share repurchase authorization to $6.5 billion.

Headline financials

Total Revenue

$15.8B

Previous: $14.5B+9.4%
EPS (adj)

$1.30

Previous: $1.05+23.8%
Accident year combined ratio, as adjusted

89.5%

Previous: 92.4%-3.1%
Free Cash Flow

$4.26B

Previous: $3.88B+9.9%
Net Income

$4.26B

Previous: $3.88B+9.9%
Operating Income

$7.47B

Previous: $5.09B+46.7%
Gross Profit

$9.65B

Previous: $7.18B+34.4%
Cash & Equivalents

$9.1B

Previous: $2.8B+225.5%
Total Assets

$574B

Previous: $584B-1.9%

Revenue & EPS history

AIG · Revenue · Quarterly

$15.8B

Q1 2022+9.4%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

AIG is focused on continuing to improve performance and execute on strategic priorities.

Tailwinds

  • Continuing to generate top line growth.
  • Driving sustainable underwriting improvement.
  • Maintaining expense discipline.
  • Strong fixed annuity sales.
  • Expanding origination capabilities from strategic partnerships.

Headwinds

  • Significant market volatility.
  • Lower call and tender income.
  • Lower returns from fair value option equity and fixed maturity securities.
  • Lower income from hedge funds.
  • Reduction in accumulated other comprehensive income (AOCI).

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 2022

Historical avgQ1 2022

+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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