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AI compiled from Infoway · 4 analyzed stories

American International Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

American International Group reported adjusted earnings of $2.06 per share for the quarter ended September 30, down from $2.20 a year earlier but above analysts’ $1.89 average expectation. Revenue increased 18.8% to $7.54 billion, exceeding expectations of $7.33 billion, while reported earnings per share were $1.60 and net income was $844 million.

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What happened

American International Group reported results for the quarter ended September 30. Adjusted earnings were $2.06 per share, below $2.20 a year earlier but above analysts’ $1.89 expectation. Revenue rose 18.8% to $7.54 billion. Reported earnings were $1.60 per share, and net income was $844 million.

Global impact / market context

Revenue and adjusted earnings beat analysts’ expectations, but adjusted earnings were lower than a year earlier. The results give investors both a stronger-than-expected comparison with forecasts and a weaker year-over-year earnings comparison. No market reaction was provided.

What to watch

  1. Check the next company update for whether revenue growth continues; this matters because revenue rose 18.8%.
  2. Check how adjusted earnings compare with the same quarter a year earlier; they fell from $2.20 to $2.06 per share.
  3. Check for further detail on the $564 million general insurance underwriting income; the supplied report does not explain what drove it.

Affected assets

  • American International Group, Inc.

Evidence