NYSE$AIG
American International Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
AIG's Q1 2024 financial performance was strong, marked by increased underwriting income, improved combined ratios, and significant capital management actions.
AIG reported strong first quarter 2024 results, with significant increases in underwriting income and adjusted pre-tax income in General Insurance. The company executed substantial capital management actions, including returning $2.4 billion to shareholders. Net income per diluted share was $1.74, and adjusted after-tax income per diluted share was $1.77.
- Net income per diluted share was $1.74, and adjusted after-tax income (AATI) per diluted share was $1.77.
- General Insurance underwriting income increased 19% year-over-year to $596 million.
- General Insurance combined ratio improved 2.1 points from the prior year quarter to 89.8%.
- The company executed nearly $3 billion of capital management actions, including $2.4 billion returned to shareholders.
Headline financials
Revenue & EPS history
AIG · Revenue · Quarterly
$12.6B
Forward guidance
AIG expects to build on its momentum throughout 2024 by executing AIG Next, deconsolidating Corebridge, and delivering underwriting excellence and profitable growth, further enhancing value to AIG shareholders and positioning AIG for the future. The company anticipates AIG Next will create a less complex and more effective company, delivering savings and efficiencies that accelerate profitability and achieve an adjusted ROCE in excess of 10%.
Tailwinds
- AIG Next initiative expected to create a less complex and more effective company.
- Focus on delivering underwriting excellence and profitable growth.
- Anticipated savings and efficiencies from AIG Next to accelerate profitability.
- Targeting an adjusted ROCE in excess of 10%.
- Continued execution on capital management strategy.
Headwinds
- Uncertain and increasingly complex global risk landscape.
- Potential adverse developments affecting economic conditions in the U.S. and globally.
- Occurrence of catastrophic events, both natural and man-made.
- Disruptions in the availability or accessibility of AIG's or a third party’s information technology systems.
- AIG's ability to successfully dispose of, monetize and/or acquire businesses or assets or successfully integrate acquired businesses, and the anticipated benefits thereof.
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 2024
+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
| Quarter | Report date | Reaction (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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