Aug. 7 at 12:40 AM
AIG reported better-than-expected second-quarter results, with adjusted EPS of
$2.00, topping the
$1.94 analyst consensus, while revenue reached
$7.5 billion versus expectations of
$7.25 billion. The earnings beat reflected solid underwriting performance and resilient operating results across the insurer's business segments, helping the company outperform Wall Street forecasts.
The results suggest AIG continues to benefit from disciplined underwriting, higher investment income supported by elevated interest rates, and ongoing efforts to improve profitability following its business restructuring in recent years. Investors will likely focus on management's commentary regarding pricing trends, catastrophe losses, reserve development, and capital deployment, including potential share repurchases and dividends.
AIG shares have gained about 4.8% over the past three months and are up roughly 4.4% over the last year.
$AIG