American International Group: Underwriting Proves Resilient Again In Q1
American International Group reported strong first-quarter results with earnings per share of $2.11, an 80% increase year-over-year, driven by improved underwriting performance and cost efficiencies. The company's accident year combined ratio improved to 86.6%, reflecting resilient underwriting profitability despite market concerns. AIG maintained a solid balance sheet, enabling an 11% dividend increase and ongoing share buybacks.
- ▪American International Group reported Q1 EPS of $2.11, surpassing estimates by $0.23 and rising 80% compared to the prior year.
- ▪The company's accident year combined ratio improved to 86.6%, indicating stronger underwriting profitability.
- ▪Cost efficiencies and disciplined underwriting contributed to improved margins and overall profitability.
- ▪AIG increased its dividend by 11% and continued share buybacks, supported by a robust balance sheet.
- ▪The stock offers a 2.7% dividend yield following the payout increase.
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