NYSE$AIG

American International Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

AIG had a strong quarter driven by strategic priorities, the Corebridge IPO, and profitable underwriting results in General Insurance.

AIG reported a strong third quarter, highlighted by the Corebridge IPO and continued profitable underwriting in General Insurance. Pre-tax income from continuing operations was $3.8 billion, up from $2.2 billion in the prior year quarter. Net income attributable to AIG common shareholders was $2.7 billion, or $3.50 per diluted common share, compared to $1.7 billion, or $1.92 per diluted common share, in the prior year quarter.

  • AIG completed the Corebridge IPO in mid-September.
  • General Insurance accident year combined ratio, ex-CATs improved by 210 basis points to 88.4%.
  • Life and Retirement premiums and deposits increased by 23% to $8.9 billion.
  • AIG returned $1.5 billion to shareholders through share repurchases and dividends.

Headline financials

Total Revenue

$14.6B

Previous: $12.8B+13.8%
EPS (adj)

$0.66

Previous: $0.97-32.0%
Accident year combined ratio, as adjusted

88.4%

Previous: 90.5%-2.3%
Free Cash Flow

$2.71B

Previous: $1.67B+62.5%
Net Income

$2.71B

Previous: $1.67B+62.5%
Operating Income

$5.21B

Previous: $2.48B+110.0%
Gross Profit

$7.46B

Previous: $4.72B+58.2%
Cash & Equivalents

$2.29B

Previous: $5.3B-56.7%
Total Assets

$523B

Previous: $595B-12.1%

Revenue & EPS history

AIG · Revenue · Quarterly

$14.6B

Q3 2022+13.8%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

AIG remains well-positioned to continue to drive excellence, deliver improving returns and create long-term value to our shareholders and other stakeholders.

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 Q3 2022

Historical avgQ3 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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