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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 $45.6 billion, AIG operates through General Insurance, Life and Retirement, and Other Operations segments. The insurance giant is expected to announce its fourth-quarter earnings on Tuesday, Feb. 11.
Ahead of the event, analysts expect AIG to report a non-GAAP profit of $1.27 per share, down a staggering 29.1% from $1.79 per share reported in the year-ago quarter. While the company has surpassed Wall Street’s bottom-line estimates thrice over the past four quarters it has missed the estimates on one other occasion. Its adjusted EPS for the last reported quarter dipped 23.6% year-over-year to $1.23 while exceeding the consensus estimates by 8.9%.
