AIG Surpasses Q2 Earnings and Revenue Estimates

American International Group (AIG) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.

Source: Zacks | Published on August 6, 2021

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This quarterly report represents an earnings surprise of 27.73%. A quarter ago, it was expected that this insurer would post earnings of $0.99 per share when it actually produced earnings of $1.05, delivering a surprise of 6.06%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

American International Group, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $11.99 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 3.71%. This compares to year-ago revenues of $11.73 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

American International Group shares have added about 24.4% since the beginning of the year versus the S&P 500's gain of 17.2%.