Thread regarding AIG (American Intl Group Inc.) layoffs

Are things improving at AIG. Tell me one positive.

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Post ID: @YPlsmq8

12 replies (most recent on top)

The only thing improving is the outsourcing, automation and RIF's

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Post ID: @YPlsmq8-Lqhz

Put AIG in your rearview mirror

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Post ID: @YPlsmq8-4feh

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:

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Post ID: @YPlsmq8-4why

I just saw they posted for a Client Dir. which was my former job. Interesting on who would take the position. with all the bad news out there. maybe I should apply.?

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Post ID: @YPlsmq8-3imx

Things aren't improving at AIG but they are elsewhere.

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Post ID: @YPlsmq8-3oca

Ha Ha Ha. Sarcasm is terrific. There is not enough Flex Seal to stop this ship from sinking.

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Post ID: @YPlsmq8-2vxh

Earning Report is coming up May 6th, I am sure things will be running smoothly after that report. Work, Work, Work.

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Post ID: @YPlsmq8-1uyy

To the fu poster. Im laughing so hard im crying. Bravo.

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Post ID: @YPlsmq8-1dvm

So things are improving. I will report back to BD that the employees are Happpppppppy

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Post ID: @YPlsmq8-cvi

Hahahahahah...i love the last two answers..i even an snort laughed

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Post ID: @YPlsmq8-paj

Yes we all have access to the new private jets. Things are looking up and up. Agree with the person that said FU

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Post ID: @YPlsmq8-ncb

**** you, how's that?

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Post ID: @YPlsmq8-rlp

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