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Barchart
Aditya Sarawgi

American International Group's Quarterly Earnings Preview: What You Need to Know

American International Group AIG

New York-based American International Group, Inc. (AIG) offers insurance products for commercial, institutional, and individual customers in North America and internationally. With a market cap of $52.1 billion, the company operates through General Insurance, Life and Retirement, and Other Operations segments. The insurance giant is expected to release its Q3 earnings after the market closes on Monday, Nov. 4.

Ahead of the event, analysts expect AIG to report a profit of $1.13 per share, down a massive 29.8% from $1.61 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS projections thrice over the past four quarters while missing on another occasion. Its adjusted EPS for the last reported quarter declined 33.7% year-over-year to $1.16, missing the consensus estimates by 16.6%.

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