Work hard $65 per share is our goal. Go go go
10 replies (most recent on top)
looks like Life will save the company again.
What Awaits American International (AIG) in Q1 Earnings?
8:13 am ET May 3, 2019 (Zacks) Print
American International Group Inc.'s AIG first-quarter 2019 results are scheduled on May 6. Per the Zacks Consensus Estimate, the company is expected to post earnings per share of $1.07 up 2.9% year over year.
While the company faced many issues and challenges in 2018, it has taken steps to reduce risk and volatility and implement strategies which will accelerate its progress in 2019. Notably, first-quarter results indicate gains from the company’s strategic initiatives.
Led by improvement in pricing conditions in the second half of the year 2018, the company significantly increased sales at indexed and fixed annuities. With growth in individual retirement, group retirement and life insurance, the company increased total premiums and deposits for the year. We expect this growth to have continued in the first quarter of 2019.
The company’s earnings in Life and Retirement segment should reflect attractive new business margins, solid growth in premiums and deposits in Individual Retirement, Group Retirement, and Life Insurance. Per the Zacks Consensus Estimate, total revenues in the segment are expected to be $3.97 billion.
The company’s General Insurance business in North America is likely to gain from increase in premium written from the acquisitions of Validus and Glatfelter, and lower ceded premiums due to changes in 2018 reinsurance programs. Commercial Lines business from North America is expected to see a reduction in business due to ongoing underwriting actions to improve performance. General Insurance business in International segment should see an increase in premium written due to inclusion of the Talbot acquisition and increased accident and health business in Asia Pacific.
Another revenue driver is the company’s net investment income, which declined in 2018. The interest rates are expected to remain at low levels due to Fed’s dovish stance, which would keep investment yields under pressure. We expect net investment income to remain under pressure in the first quarter of 2019.
Shares bought back by the company will accrue to its bottom line in the first quarter.
Earnings Surprise History
The company has a dismal earnings surprise history with estimate missed in each of the last four reported quarters, the average negative surprise being 211.9%. This is depicted in the chart below:
the clients are already voicing their disapproval by walking
well obviously the board is not going to take proper action to get rid of the incompetent highly-paid Senior Management and the employees are powerless so maybe the stockholders should bring suit for overpaid Executitakesince the company is still losing money other corporations are doing that
Earning on May 6th. this should be very interesting. will the current employees ask some real questions. Why are we still in Mid Market, Personal Lines, WC, Trucking and Property. All are not making money. Concerned Stockholder
It hasn't got any better. The bad news is there is such a lack of new business and lots of insureds aren't renewing.
It isn't about working hard. It is about working smart. Given so many good managers have left for greener pastures, and the profitable businesses AIG has sold, unsurprising it is circling the drain.
Will gove my notice Friday. Good riddance
45.19 stock going south. blow blow blow
If AIG turns a profit and the stock jumps it will justify all the layoffs and embolden the company to further pursue additional layoffs. The mantra will be "layoffs good - profits up", more for us (management) less for them (employees).
The best way to get rid of top management plunderers is do as little as possible to help... and short the stock.
If we work harder we get the stock price up they will stop lay offs if this happens.