American International Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• American International Group, Inc. AIG.N reported quarterly adjusted earnings of $2.06​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.20. The mean expectation of twenty one analysts for the quarter was for earnings of $1.89 per share. Wall Street expected results to range from $1.74 to $2.07 per share.

• Revenue rose 18.8% to $7.54 billion from a year ago; analysts expected $7.33 billion.

• American International Group, Inc.'s reported EPS for the quarter was $1.60​.

• The company reported quarterly net income of $844 million.

• American International Group, Inc. shares had risen by 10.7% this quarter and lost 3.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for American International Group, Inc. is $87.50, about 8% above its last closing price of $80.53

This summary was machine generated from LSEG data November 3 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)