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New York-based American International Group, Inc. (AIG) operates in the global insurance sector, offering a diverse range of property-casualty, life insurance, retirement solutions, and financial services. With a market cap of $50.5 billion, the company is expected to announce its fiscal Q2 earnings results after the market closes on Wednesday, Jul. 31.
Ahead of this event, analysts expect the insurance company to report a profit of $1.39 per share, down 20.6% from $1.75 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. In the most recent quarter, the company reported EPS of $1.77, exceeding the consensus estimate by a 6.6% margin due to underwriting strength.
