American International Group Inc
AIG
Market Cap$49.7B
Close$
Earnings Call Q4 2023
February 14, 2024 - AI Summary
AIG reported strong fourth quarter and full year 2023 financial results, with adjusted after-tax income per diluted common share increasing by 29% in Q4 and 33% for the full year.
The company achieved excellent underwriting results, with general insurance underwriting income of $642 million in Q4 and a full year accident year combined ratio (excluding catastrophes) of 87.7%, an improvement of 100 basis points year-over-year.
AIG made significant progress towards the deconsolidation of Corebridge Financial, including three secondary sell-downs, and received approximately $1.4 billion of capital from Corebridge through dividends and share repurchases.
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$10.20
86.4% downside
Current Fair Value
86.4% downsideOvervalued by 86.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $49.70 Billion |
|---|---|
| Enterprise Value | $72.09 Billion |
| Dividend Yield | $1.4289 (1.96%) |
| Earnings per Share | $4.98 |
| Beta | 0.8 |
| Outstanding Shares | 680,953,652 |
| Avg 30 Day Volume | 3,790,248 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 13.75 |
|---|---|
| PEG | -20.4 |
| Price to Sales | 1.1 |
| Price to Book Ratio | 1.14 |
| Enterprise Value to Revenue | 1.54 |
| Enterprise Value to EBIT | 22.42 |
| Enterprise Value to Net Income | 19 |
| Total Debt to Enterprise | 0.31 |
| Debt to Equity | 0.49 |
Revenue Sources
No data
ESG Score
No data
About American International Group Inc
2,020 employees
CEO: Robert Benmosche