American International Group (NYSE:AIG) First Quarter 2023 Results
Key Financial Results
Revenue: US$11.2b (down 29% from 1Q 2022).
Net income: US$30.0m (down 99% from 1Q 2022).
Profit margin: 0.3% (down from 27% in 1Q 2022). The decrease in margin was driven by lower revenue.
EPS: US$0.041 (down from US$5.21 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
American International Group Earnings Insights
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in the US.
The company's shares are up 1.4% from a week ago.
Before we wrap up, we've discovered 1 warning sign for American International Group that you should be aware of.
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