- American International Group (NYSE:AIG) Q1 earnings exceed the average analyst estimate with growth in its General Insurance segment and continued strength in Life and Retirement.
- Q1 adjusted EPS of $1.05 beats the consensus estimate of 98 cents; compares with 94 cents in Q4 2020 and 12 cents in the year-ago quarter.
- Q1 total net investment income of $3.66B declined from $3.96B in Q4, but increased from $2.51B in the year-ago quarter.
- Q1 General Insurance net premiums written were $6.48B, up 9% Y/Y.
- Q1 General Insurance combined ratio of 98.8 vs. 102.8 in Q4; accident-year combined ratio, as adjusted, was 92.4 vs. 92.9 in Q4.
- Q1 Life and Retirement adjusted pretax income of $941M vs. $1.03B in Q4 2020 and $601M a year ago.
- Adjusted book value per common share of $58.69 at March 31, 2021 vs. $57.01 at Dec. 31, 2020.
- Q1 adjusted return on common equity was 7.4% vs. 6.7% in Q4.
- Conference call on May 7 at 8:30 AM.
- Earlier, American International Group EPS beats by $0.07
AIG Q1 earnings beats on general insurance gains, Y/Y life and retirement growth
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Symbol | Last Price | % Chg |
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AIG | - | - |
American International Group, Inc. |