American International Group Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.2024-11-06

American International Group (NYSE:AIG) Third Quarter 2024 Results Key Financial Results Revenue: US$6.69b (down 49% from 3Q 2023). Net income: US$483.0m (down 76% from 3Q 2023). Profit margin: 7.2% ...

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The decrease in margin was driven by lower revenue.NYSE:AIG Earnings and Revenue Growth November 6th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 45%.Looking ahead, revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.2%.The company's shares are down 1.7% from a week ago.While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on American International Group's balance sheet.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AFG":"美国金融集团有限公司","AIG":"美国国际集团"},"translate_title":"美国国际集团2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"AIG":0.9},"content_text":"American International Group (NYSE:AIG) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$6.69b (down 49% from 3Q 2023).\nNet income: US$483.0m (down 76% from 3Q 2023).\nProfit margin: 7.2% (down from 16% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: US$0.75 (down from US$2.84 in 3Q 2023).\n\n\n\n\n  NYSE:AIG Earnings and Revenue Growth November 6th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nAmerican International Group EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. \n Looking ahead, revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.2%. \nPerformance of the American Insurance industry.\n The company's shares are down 1.7% from a week ago. \nBalance Sheet Analysis\n While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on American International Group's balance sheet. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481667511"}