American International Stock Fair Value – American International Reports Financial Results for Second Quarter of FY2023
August 6, 2023
🌥️Earnings Overview
On June 30 2023, AMERICAN INTERNATIONAL ($NYSE:AIG) released their financial results for the second quarter of FY2023, which ended on that date. The total revenue for the quarter was USD 13.3 billion, 7.7% lower than in the same period last year. Net income for the quarter was USD 1.5 billion, a decrease of 51.0% from the same quarter in the prior year.
Stock Price
The stock opened at $60.4 and closed at $61.3, up by 1.5% from its prior closing price of $60.4. Overall, it was a strong quarter for AMERICAN INTERNATIONAL as it showed robust growth in both its top and bottom lines. The company is confident that it will continue to deliver strong results in the upcoming quarters, backed by its strategic initiatives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for American International. More…
| Total Revenues | Net Income | Net Margin |
| 52.18k | 4.84k | 9.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for American International. More…
| Operations | Investing | Financing |
| 4.72k | -6.8k | 1.97k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for American International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 537.14k | 490.65k | 59.17 |
Key Ratios Snapshot
Some of the financial key ratios for American International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.4% | – | 14.3% |
| FCF Margin | ROE | ROA |
| 9.0% | 10.9% | 0.9% |
Analysis – American International Stock Fair Value
At GoodWhale, we have conducted an analysis of the financials of AMERICAN INTERNATIONAL and have determined the fair value of their share to be around $52.1. This calculation is based on our proprietary Valuation Line. Our analysis reveals that the current market price of AMERICAN INTERNATIONAL stock is $61.3, a fair price that is overvalued by 17.7%. More…
Peers
Its competitors include Old Republic International Corp, UNIQA Insurance Group AG, and Zavarovalnica Triglav DD.
– Old Republic International Corp ($NYSE:ORI)
Old Republic International Corp is a holding company that operates in three segments: Insurance Group, Title Insurance Group, and the Commercial Group. The Insurance Group offers property and casualty insurance products, such as automobile and homeowners insurance, to individuals and businesses in the United States. The Title Insurance Group provides title insurance and related real estate products and services in the United States. The Commercial Group offers a range of products and services, including surety bonds, commercial credit insurance, and commercial title insurance.
– UNIQA Insurance Group AG ($LTS:0GDR)
UNIQA Insurance Group AG is one of the leading insurance groups in Austria and Central and Eastern Europe with a market share of around 15 per cent. The Group is represented in more than 20 countries with around 9,000 employees. In the 2019 financial year, UNIQA generated gross premiums written of EUR 5.6 billion. UNIQA Group is part of UNIQA Insurance Group AG.
– Zavarovalnica Triglav DD ($LTS:0KFO)
Triglav is the largest Slovenian insurance company and one of the leading insurers in the Adriatic region. It has been operating for over 125 years and offers a wide range of insurance products for individuals, families and businesses. Triglav is also active in the field of asset management. The company’s share is listed on the Prague and Ljubljana Stock Exchanges.
Triglav’s market capitalization is 726.75 million as of 2022. The company’s return on equity is 10.44%. Triglav is a leading insurer in the Adriatic region with a wide range of insurance products for individuals, families and businesses. The company is also active in asset management.
Summary
American International‘s financial results for the second quarter of FY2023 show a decrease in total revenue of 7.7% and a decrease in net income of 51.0% compared to the same period last year. Investors should keep an eye on the company’s turnaround plans and how it is managing costs in order to offset the negative effects of the decreases. Additionally, potential investors should consider American International’s competitive landscape, cash flow trends, and future strategies in order to determine if the stock is a good investment.
