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NEW YORK - American International Group Inc. (NYSE:AIG) reported fourth quarter earnings that beat analyst estimates, but the stock fell 3% in after-hours trading Tuesday.
AIG posted adjusted earnings per share of $1.30 for Q4, topping the consensus estimate of $1.28. Revenue came in at $6.1 billion, up 6% year-over-year on a reported basis and 7% on a comparable basis.
AIG said it expects core operating return on equity of "10% plus".
The company’s combined ratio, a key measure of underwriting profitability, deteriorated to 92.5% in Q4 from 89.1% a year earlier. A lower combined ratio indicates better profitability.
"While the early days of 2025 reflect increased global volatility and complexity, AIG has entered a new era, and we are moving forward with strong momentum," said CEO Peter Zaffino.
The company returned approximately $2.1 billion to shareholders in Q4 through $1.8 billion of share repurchases and $244 million in dividends. For the full year 2024, AIG executed $9.7 billion of capital management actions.
AIG maintained its quarterly dividend of $0.40 per share, payable on March 31 to shareholders of record as of March 17.
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