American International Group Stock To Beat Revenue Estimates In Q1?

American International Group Stock To Beat Revenue Estimates In Q1?

Share to Linkedin American International Group (NYSE: AIG) is scheduled to report its fiscal Q1 2021 results on Thursday, May 6 (after the market closes). We expect American International Group to top the revenue estimates, while its earnings will likely remain below expectations. The insurance giant's fourth-quarter 2020 results were a mixed bag as well, with the company outperforming the revenue expectations and missing the earnings consensus. American International Group's full-year 2020 revenues decreased by 12% on a year-on-year basis, mainly due to lower premiums and a drop in net investment income. The company's premiums primarily suffered in the general insurance segment due to the impact of the Covid-19 crisis. Similarly, the net investment income was down due to lower investment yields. Notably, the impact of weak growth in general insurance was partially offset by a 6% y-o-y increase in the life and retirement unit driven by higher premiums in the institutional markets sub-segment. That said, the net investment income saw some improvement in the second half of the year driven by some recovery in the economic conditions. We expect the same trend to drive the first-quarter FY2021 results, as well. Our forecast indicates that American International Group's valuation is