AIG Surpasses Q4 Expectations, Eyes Future Growth

American International Group reports strong fourth-quarter results, beating revenue and earnings forecasts, as CEO Peter Zaffino highlights exceptional 2023 performance.

• American International Group Inc. (AIG) reported fourth-quarter earnings of $93 million, with a per-share net income of 12 cents and adjusted earnings of $1.79 per share, surpassing Wall Street expectations.
• The insurer's fourth-quarter revenue reached $9.83 billion, with adjusted revenue at $12.72 billion, also beating forecasts. For the year, AIG reported a profit of $3.64 billion from a revenue of $49.59 billion.
• AIG's stock has seen a 3.5% increase since the beginning of the year, with a 13% increase in the last 12 months, despite a slight dip following the Q4 results announcement.
• CEO Peter Zaffino highlighted AIG's outstanding financial results in 2023, emphasizing excellent underwriting performance and the successful execution of complex initiatives.
• Analysts forecast AIG's valuation at $78 per share, indicating a potential 12% increase from the current market price, based on strong financial performance and growth expectations.

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