- Is It Too Late To Consider American International Group (AIG) After Strong Three Year Share Gains?
May 11, 2026
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For investors considering whether American International Group at around US$76 per share offers good value or whether the easy money has already been made, this article explores what the current price might be implying. The stock is down about 1.5% over the past week, 0.7% over the past month, and 9.4% year to date. However, the 1 year and 3 year returns of a 6.5% decline and a 55.3% gain, respectively, present a more mixed picture. Recent coverage has focused on how investors are reassessing large insurers such as American International Group in light of market wide shifts in risk appetite and sector rotations. This context helps explain why the stock has given back some ground in the short term, even after stronger multi year gains. On Simply Wall St's valuation checklist, American International Group scores a 2 out of 6 for being potentially undervalued. This result sets up a closer look at different valuation approaches next, followed by a more comprehensive way to think about value at the end of this article.
American International Group scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.
Approach 1: American International Group Excess Returns Analysis
The Excess Returns model looks at how much profit a company is expected to earn above the return that shareholders require, then capitalises those “excess” profits into an estimated value per share.
For American International Group, the model starts with Book Value of $75.82 per share and a Stable Book Value of $85.78 per share, based on weighted future book value estimates from 10 analysts. Using weighted future return on equity estimates from 9 analysts, the model applies a Stable EPS of $8.97 per share and an Average Return on Equity of 10.45%.
The required return for shareholders, or Cost of Equity, is put at $6.10 per share. The difference between this and the Stable EPS gives an Excess Return of $2.87 per share. These excess returns on invested capital are projected forward and discounted to arrive at an intrinsic value of about $166.23 per share.
Compared with the current share price around $76, the Excess Returns model suggests the stock trades at about a 54.1% discount, under these assumptions.
Result: UNDERVALUED
Our Excess Returns analysis suggests American International Group is undervalued by 54.1%. Track this in your watchlist or portfolio, or discover 49 more high quality undervalued stocks.
Story Continues
AIG Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for American International Group.
Approach 2: American International Group Price vs Earnings
For a profitable insurer like American International Group, the P/E ratio is a useful cross check on the earlier intrinsic value work because it links the share price directly to the earnings that shareholders are paying for today.
In simple terms, higher expected earnings growth and lower perceived risk can justify a higher P/E, while lower growth and higher risk tend to line up with a lower, more cautious multiple. With American International Group trading on a P/E of 12.81x, the stock currently sits above the Insurance industry average of 11.18x and the peer group average of 7.17x. This suggests the market is already pricing it above a basic sector or peer comparison.
Simply Wall St’s Fair Ratio for American International Group is 12.71x. This proprietary metric aims to estimate what a “normal” P/E could look like for the company after considering its earnings profile, profit margins, risk factors, industry and market cap, rather than relying only on broad industry or peer averages. Compared with the current P/E of 12.81x, the Fair Ratio points to the stock being priced very close to what those fundamentals might justify.
Result: ABOUT RIGHTNYSE:AIG P/E Ratio as at May 2026
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Upgrade Your Decision Making: Choose your American International Group Narrative
Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St give you a clear story behind the numbers by linking your view on American International Group’s future revenue, earnings and margins to a financial forecast, a fair value and then a simple comparison against today’s share price. All of this is available within an accessible tool on the Community page that updates as new news or earnings arrive. One investor might build a bullish American International Group Narrative around the US$101.0 analyst target with assumptions that match those higher expectations, while another might anchor to the US$78.0 target with more cautious assumptions. You can see, side by side, how those different stories translate into different fair values and potential decisions on whether the stock looks rich or reasonable at around US$76.
Do you think there's more to the story for American International Group? Head over to our Community to see what others are saying!NYSE:AIG 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AIG.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Diamond Hill Capital's Strategic Moves: A Closer Look at Microsoft Corp's 399.84% Increase
May 7, 2026
This article first appeared on GuruFocus.
Insightful Analysis of Diamond Hill Capital (Trades, Portfolio)'s First Quarter 2026 13F Filing
Warning! GuruFocus has detected 4 Warning Sign with AIG. Is AIG fairly valued? Test your thesis with our free DCF calculator.
Diamond Hill Capital (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2026, offering a glimpse into its strategic investment decisions. Founded in 2000, Diamond Hill Capital (Trades, Portfolio) Management, Inc. is a registered investment adviser headquartered in Columbus, Ohio. The firm is independent and publicly traded on NASDAQ under the ticker symbol DHIL, and is part of the Russell 2000 Index. Diamond Hill manages a diverse range of equity strategies, including traditional and alternative options, available through various investment vehicles such as separately managed accounts, mutual funds, and private investment funds. The firm serves a wide array of clients, including institutions, financial intermediaries, and individuals. Diamond Hill's investment approach is primarily bottom-up, focusing on fundamental analysis of a company's profitability, market position, and management quality, among other factors. The firm also considers industry dynamics and regulatory environments in its top-down analysis, eschewing macroeconomic factors. This comprehensive approach helps narrow down investable ideas for deeper analysis and financial modeling.
Key Position Increases
Diamond Hill Capital (Trades, Portfolio) also increased stakes in a total of 51 stocks, among them:
The most notable increase was in Microsoft Corp (NASDAQ:MSFT), with an additional 818,912 shares, bringing the total to 1,023,723 shares. This adjustment represents a significant 399.84% increase in share count, a 1.9% impact on the current portfolio, and a total value of $378,951,540. The second largest increase was in Equitable Holdings Inc (NYSE:EQH), with an additional 2,897,402 shares, bringing the total to 7,192,046. This adjustment represents a significant 67.47% increase in share count, with a total value of $266,896,830.
Summary of Sold Out
Diamond Hill Capital (Trades, Portfolio) completely exited 16 holdings in the first quarter of 2026, as detailed below:
International Paper Co (NYSE:IP): Diamond Hill Capital (Trades, Portfolio) sold all 5,453,523 shares, resulting in a -1.1% impact on the portfolio. Progress Software Corp (NASDAQ:PRGS): Diamond Hill Capital (Trades, Portfolio) liquidated all 495,346 shares, causing a -0.11% impact on the portfolio.
Story Continues
Key Position Reduces
Diamond Hill Capital (Trades, Portfolio) also reduced positions in 115 stocks. The most significant changes include:
Reduced Texas Instruments Inc (NASDAQ:TXN) by 1,178,209 shares, resulting in a -36.54% decrease in shares and a -1.05% impact on the portfolio. The stock traded at an average price of $202.46 during the quarter and has returned 29.46% over the past 3 months and 66.32% year-to-date. Reduced American International Group Inc (NYSE:AIG) by 2,240,801 shares, resulting in a -20.71% reduction in shares and a -0.98% impact on the portfolio. The stock traded at an average price of $76.5 during the quarter and has returned 0.18% over the past 3 months and -10.16% year-to-date.
Portfolio Overview
At the end of the first quarter of 2026, Diamond Hill Capital (Trades, Portfolio)'s portfolio included 187 stocks. The top holdings included 4.04% in American International Group Inc (NYSE:AIG), 3.81% in Berkshire Hathaway Inc (NYSE:BRK.B), 3.45% in Abbott Laboratories (NYSE:ABT), 3% in Aon PLC (NYSE:AON), and 2.88% in Colgate-Palmolive Co (NYSE:CL).
The holdings are mainly concentrated in all 11 industries: Financial Services, Industrials, Healthcare, Technology, Consumer Defensive, Energy, Consumer Cyclical, Real Estate, Communication Services, Basic Materials, and Utilities.
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- MET Tops Q1 EPS Estimates on Strong Investment Income and Volume Growth
May 7, 2026
MetLife, Inc. MET reported first-quarter 2026 adjusted operating earnings per share (EPS) of $2.42, which beat the Zacks Consensus Estimate by 7.6%. The bottom line advanced 23% year over year.
Adjusted operating revenues improved 4.5% year over year to $19.7 billion. The top line surpassed the consensus mark by 2.4%.
MetLife’s first-quarter results benefited from improved net investment income, favorable underwriting results and solid business volume growth across segments. Growth in adjusted PFOs and strong performances in Group Benefits, Asia and EMEA also supported results. However, higher expenses, unfavorable tax-related items in Latin America and a wider-than-expected loss in the Corporate & Other unit partially offset the upside.
MetLife, Inc. Price, Consensus and EPS SurpriseMetLife, Inc. Price, Consensus and EPS Surprise
MetLife, Inc. price-consensus-eps-surprise-chart | MetLife, Inc. Quote
Behind the Headlines
Adjusted PFOs, excluding pension risk transfer (PRT), were $13.3 billion. The metric inched up 10% year over year.
Adjusted net investment income grew 5% year over year to $5.5 billion on the back of growth in assets and improved variable investment income.
Total expenses of $17.6 billion escalated 2% year over year due to increased policyholder benefits and claims, and other expenses, net of capitalization of DAC. Adjusted expense ratio, excluding total notable items related to adjusted other expenses and PRT, deteriorated 30 basis points year over year to 20.3%.
Net income of $1.1 billion rose 29.7% year over year in the first quarter. Adjusted return on equity, excluding total notable items, improved 260 bps year over year to 17%.
Inside MetLife’s Segments
Group Benefits: The segment reported adjusted earnings of $439 million in the first quarter, reflecting a 19% year-over-year increase and exceeding the Zacks Consensus Estimate by 22.5%. The strong performance was driven by improved underwriting results and continued business volume growth. Adjusted PFOs rose 2% year over year to $6.5 billion.
RIS: Adjusted earnings totaled $451 million, which inched up 11% year over year and beat the consensus mark by 6.4%. Improved variable investment income and favorable underwriting results benefited the metric. Adjusted PFOs, excluding PRT, advanced 58% year over year to $1.5 billion.
Asia: The unit recorded adjusted earnings of $487 million, which rose 31% year over year and beat the Zacks Consensus Estimate by 9.7%. The metric was supported by improved variable investment income and volume growth. Adjusted PFOs rose 3% year over year to $1.7 billion in the quarter.
Story Continues
Latin America: Adjusted earnings of $229 million increased 5% year over year on a reported basis but declined 9% year over year on a constant-currency basis. The metric exceeded the consensus estimate by 5.9%, driven by volume growth and favorable underwriting results, partially offset by unfavorable tax-related items. Adjusted PFOs were $1.9 billion, up 25% year over year on a reported basis and 11% on a constant-currency basis, driven by solid business growth and strong persistency across the region.
EMEA: The segment recorded adjusted earnings of $110 million in the first quarter, which advanced 33% year over year and beat the Zacks Consensus Estimate by 23%. Strong volumes aided the metric. Adjusted PFOs rose 19% year over year to $797 million on the back of solid policy renewal across the region.
Metlife Investment Management: The segment recorded adjusted earnings of $47 million, which advanced 68% year over year on the back of strong business growth and expense management. However, the metric missed the Zacks Consensus Estimate by 9.2%.
Corporate & Other: The unit incurred an adjusted loss of $177 million, wider than the prior-year quarter’s loss of $129 million.
Financial Update (as of March 31, 2026)
MetLife exited the first quarter with cash and cash equivalents of $22.7 billion, up from $22 billion at the end of 2025. Total assets were $743.2 billion as of March 31, 2026, compared with $745.2 billion as of 2025-end.
Long-term debt totaled $14.4 billion, slightly lower than $14.5 billion at the end of 2025, while short-term debt amounted to $404 million.
Total equity was $27.6 billion compared with $28.7 billion as of 2025-end. Book value per share increased 7.8% year over year to $37.92 as of March 31, 2026.
Capital Deployment Update
MetLife bought back shares worth $750 million in the first quarter. It pursued additional repurchases of roughly $200 million in April 2026. Management paid common stock dividends of $350 million in the quarter under review.
MET’s 2026 Outlook
Management still expects a pre-tax variable investment income of around $1.6 billion for 2026. The expense ratio was earlier projected to be 12.1%.
Corporate & Other adjusted losses were earlier projected to be between $500 million and $700 million. The effective tax rate was projected to be 24-26%.
Near-Term Targets
MetLife expects adjusted PFOs in the Group Benefits business to rise in the range of 4-7% annually. Adjusted PFOs in the Latin America unit are expected to witness high-single-digit growth on a constant-currency basis, while those in the EMEA unit are guided to grow at a high-single-digit rate on a reported basis.
MetLife aims to achieve an adjusted return on equity in the range of 15-17%. The company also expects to deliver double-digit adjusted EPS growth in the near term.
MET’s Zacks Rank
MET currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Companies belonging to the broader Finance space, such as American International Group, Inc. AIG, AXIS Capital Holdings Limited AXS and Selective Insurance Group SIGI, have also posted their quarterly results. Here’s how they have performed:
American International reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90. The bottom line surged 80.3% year over year. American International’s adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. The strong quarterly performance was fueled by better underwriting, alongside lower catastrophe losses and a decline in total losses and expenses. However, the upside was partly offset by lower investment income.
AXIS Capital reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year. Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. AXIS Capital’s quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses.
Selective Insurance reported first-quarter 2026 operating income of $1.69 per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 11% year over year. SIGI’s operating revenues of $1.4 billion increased 6.4% from the year-ago quarter’s level, driven primarily by higher net premiums earned and net investment income. The top line missed the Zacks Consensus Estimate by 0.5%. Net premiums written decreased 1% to $1.3 billion, which matched our estimate.
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- Diamond Hill Capital's Strategic Moves: A Closer Look at Microsoft Corp's 399.84% Increase
May 7, 2026 · gurufocus.com
Insightful Analysis of Diamond Hill Capital (Trades, Portfolio)'s First Quarter 2026 13F Filing Diamond Hill Capital (Trades, Portfolio) recently submitted its
- Radian Q1 Earnings & Revenues Top Estimates, Premiums Rise Y/Y
May 7, 2026
Radian Group Inc. RDN reported first-quarter 2026 adjusted operating income of $1.27 per share, which beat the Zacks Consensus Estimate by 8.5%. The bottom line improved 28.3% year over year.
Operating revenues increased 55.2% year over year to $475 million, driven by higher premiums earned and net investment income. The top line surpassed the Zacks Consensus Estimate by 57.2%.
The better-than-expected quarterly results benefited from higher premiums earned, solid investment income, growth in new insurance written and higher mortgage insurance in force. However, elevated expenses and higher primary loan defaults remained headwinds.
Radian Group Inc. Price, Consensus and EPS Surprise
Radian Group Inc. price-consensus-eps-surprise-chart | Radian Group Inc. Quote
Q1 in Detail
Net premiums earned were $403 million, up 72.2% year over year. Net investment income rose 14.8% year over year to $70 million, supported by higher short-term investment balances and maturities, partially offset by securities.
MI's new insurance written increased 42% year over year to $13.5 billion.
Primary mortgage insurance in force rose 3% year over year to $282 billion, which beat the Zacks Consensus Estimate by 1.2%.
Persistency — the percentage of mortgage insurance remaining in force after 12 months — was 81.3% as of March 31, 2025, down 110 basis points year over year.
Primary delinquent loans represented 2.51% of primary loans in default as of March 31, 2026, compared with 2.33% in the prior-year quarter.
Total expenses soared 204.5% year over year to $292.7 million. The expense ratio improved 120 basis points year over year to 20%, reflecting enhanced operating leverage.
RDN’s Financial Update
As of March 31, 2026, Radian reported cash of $55.4 million, surged 123.3% from the 2025-end level.
Total assets increased 31.2% to $10.7 billion from the 2025-end level.
Book value per share rose 10% year over year to $35.67. Shareholders’ equity increased 0.6% to $4.8 billion from the 2025-end level.
Adjusted net operating return on equity was 14.7%, up 130 basis points year over year.
As of March 31, 2026, Radian Guaranty’s available assets under PMIERs totaled $5.4 billion, resulting in excess available assets of $1.6 billion.
RDN’s Capital Deployment & Dividend Update
During the first quarter of 2026, the company repurchased 1.5 million shares of common stock for $50 million.
In the first quarter, Radian paid a quarterly dividend of 25.5 cents per share, totaling approximately $35 million.
Zacks Rank
RDN currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Story Continues
Performance of Other Insurers
Arch Capital Group Ltd. ACGL reported first-quarter 2026 operating income of $2.50 per share, which beat the Zacks Consensus Estimate by 2.4%. The bottom line increased 15.4% year over year.
Operating revenues of $4.4 billion decreased 3.8% year over year, primarily due to lower net premiums earned. Revenues missed the Zacks Consensus Estimate by 6.1%. Gross premiums written decreased 0.6% year over year to $6.4 billion.
American International Group, Inc. AIG reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90. The bottom line rose 80.3% year over year.
Adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. Net premiums written totaled $5.6 billion, reflecting 24% year-over-year growth, driven by 21% growth in Global Commercial and 11% growth in Global Personal.
MGIC Investment Corporation MTG reported first-quarter 2026 operating net income per share of 76 cents, which beat the Zacks Consensus Estimate by 4.1%. The bottom line also improved 1.3% year over year.
Total operating revenues declined 3% year over year to $297 million, attributable to lower net premiums earned and other revenues. The top line missed the Zacks Consensus Estimate by 1.4%. Net premiums earned declined 3.4% year over year to $235.4 million, surpassing our estimate of $234.3 million.
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This article originally published on Zacks Investment Research (zacks.com).
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- Anthropic targets financial services with new AI agents
May 6, 2026
Anthropic has introduced a new set of AI agents for banks and other financial services groups, as it looks to widen its enterprise customer base ahead of a possible initial public offering as early as this year.
The company is launching ten agents designed to automate routine financial tasks, including preparing pitchbooks, closing accounts and drafting credit memoranda.
It has also adjusted its main AI product, Claude, so it can be used more easily within Microsoft 365 software, which is widely used across financial firms.
At the same time, Anthropic has widened technical partnerships with Dun & Bradstreet, Moody’s and other financial data platforms.
Anthropic’s latest steps are intended to “bridge the gap” between the pace of AI development and financial firms’ ability to put the technology into use, Jonathan Pelosi, head of financial services, told the Wall Street Journal.
“This is the difference between, ‘We’re using AI to help write better emails or do some basic research,’ to an investment bank pitch-building,” he said.
Anthropic first entered the sector last summer with a dedicated offering called Claude for Financial Services.
The company said Goldman Sachs, Citadel, Citi and AIG are among its customers.
Pelosi said financial services was Anthropic’s first industry focus, giving it an early lead in that market.
In February, the company released Claude plug-ins aimed at financial analysis, equity research, private equity and wealth management, reported Bloomberg.
It also introduced a new model that it said was better suited to financial research.
Anthropic said Claude will now work more effectively with third-party software such as Excel, PowerPoint and Outlook, while also drawing on data from financial industry partners including Dun & Bradstreet and Moody’s Corp.
Anthropic is also strengthening its connections in finance through a new joint venture with Blackstone, Hellman & Friedman and Goldman Sachs Group.
The venture is intended to bring Anthropic’s software to more businesses.
"Anthropic targets financial services with new AI agents" was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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- AIG Announces the Sale of Its Remaining Stake in Corebridge Financial, Inc.
May 5, 2026
NEW YORK, May 05, 2026--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has agreed to sell approximately 25 million shares of common stock of Corebridge Financial, Inc. (NYSE: CRBG), representing its remaining stake in the company. The sale, which is expected to close on May 7, will result in net proceeds to AIG of approximately $710 million.
Peter Zaffino, Chairman & CEO, AIG, said, "Today’s sale of our remaining stake in Corebridge marks the culmination of a five-year separation and a significant milestone in the successful execution of our strategy to exit the life and retirement business. We have transformed AIG into a more focused, leading, global property & casualty insurance company. This final step reflects years of disciplined planning, commitment, execution, and perseverance. Since Corebridge’s IPO in 2022, we have worked to ensure the company had the capabilities to operate effectively as a stand-alone organization and is well positioned for long-term success. I would like to thank our colleagues at both AIG and Corebridge for their outstanding work executing the separation and positioning both companies for continued momentum."
About AIG American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260505523830/en/
Contacts
Andrew Johnson (AIG Media): andrew.r.johnson@aig.com
Quentin McMillan (AIG Investors): quentin.mcmillan@aig.com
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- AIG Announces the Sale of Its Remaining Stake in Corebridge Financial, Inc.
May 5, 2026 · businesswire.com
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has agreed to sell approximately 25 million shares of common stock of Corebridge Financial, Inc. (NYSE: CRBG), representing its remaining stake in the company. The sale, which is expected to close on May 7, will result in net proceeds to AIG of approximately $710 million. Peter Zaffino, Chairman & CEO, AIG, said, “Today's sale of our remaining stake in Corebridge marks the culmination of a five.
- AIG ANNOUNCES THE SALE OF ITS REMAINING STAKE IN COREBRIDGE FINANCIAL, INC.
May 5, 2026
NEW YORK--(BUSINESS WIRE)--AMERICAN INTERNATIONAL GROUP, INC. (NYSE: AIG) TODAY ANNOUNCED THAT IT HAS AGREED TO SELL APPROXIMATELY 25 MILLION SHARES OF COMMON STOCK OF COREBRIDGE FINANCIAL, INC. (NYSE: CRBG), REPRESENTING ITS REMAINING STAKE IN THE COMPANY. THE SALE, WHICH IS EXPECTED TO CLOSE ON MAY 7, WILL RESULT IN NET PROCEEDS TO AIG OF APPROXIMATELY $710 MILLION. PETER ZAFFINO, CHAIRMAN & CEO, AIG, SAID, “TODAY'S SALE OF OUR REMAINING STAKE IN COREBRIDGE MARKS THE CULMINATION OF A FIVE.
- EverQuote's Q1 Earnings & Revenues Beat, Automotive Vertical Grows
May 5, 2026
EverQuote, Inc. EVER reported first-quarter 2026 operating net income per share of 51 cents, significantly exceeding the Zacks Consensus Estimate by 18.6%. The bottom line increased 34.2% from the prior-year period level.
Total revenues rose 15% year over year to $191 million. The top line exceeded the Zacks Consensus Estimate by 5.8%.
The better-than-expected quarterly results were fueled by solid performance across both the Automotive insurance and Home and Renters insurance segments, supported by higher variable marketing investments. The upside was partly offset by an increase in operating expenses.
EverQuote, Inc. Price, Consensus and EPS Surprise
EverQuote, Inc. price-consensus-eps-surprise-chart | EverQuote, Inc. Quote
EVER’s Q1 Results in Detail
Revenues in the Automotive insurance vertical grew 13% year over year to $172.4 million, surpassing the Zacks Consensus Estimate of $164.1 million. Our estimate was $164 million.
Revenues in the Home and Renters insurance vertical increased 33% year over year to $18.5 million, exceeding the Zacks Consensus Estimate of $13 million. Our estimate was $13.1 million.
Revenues in the Other insurance vertical declined 100% year over year.
Total costs and operating expenses rose 5.5% year over year to $167.4 million, mainly due to higher sales and marketing, research and development costs and general and administrative expenses. Our estimate was $159.2 million.
EverQuote’s variable marketing dollars increased 19% year over year to $55.9 million, which beat the Zacks Consensus Estimate of $50.7 million.
Adjusted EBITDA rose 30% year over year to $29.3 million, which outpaced our estimate of $24 million. The adjusted EBITDA margin expanded to 15.4% for the quarter.
EVER’s Financial Update
EverQuote exited the first quarter of 2026 with cash and cash equivalents of $178.4 million, up 4.1% from the 2025-end level.
Total assets were $323.9 million, down 0.9% from the 2025-end level. Total stockholders' equity increased 1.2% from the 2025-end level to $240.8 million.
Cash from operations was $29.6 million, which increased 27% year over year.
During the quarter, EVER repurchased 1.1 million shares of its common stock for approximately $19.9 million.
EVER’s Q2 2026 Guidance
For the second quarter of 2026, EverQuote guided revenues in the $185-$195 million range, implying 21% year-over-year growth.
Management expects variable marketing dollars in the $55-$57 million range, suggesting 23% year-over-year growth.
Adjusted EBITDA is projected at $28-$30 million, indicating 32% year-over-year growth.
Story Continues
Zacks Rank
EVER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
MGIC Investment Corporation MTG reported first-quarter 2026 operating net income per share of 76 cents, which beat the Zacks Consensus Estimate by 4.1%. The bottom line also improved 1.3% year over year.
Total operating revenues declined 3% year over year to $297 million, attributable to lower net premiums earned and other revenues. The top line missed the Zacks Consensus Estimate by 1.4%. Net premiums earned declined 3.4% year over year to $235.4 million, surpassing our estimate of $234.3 million.
American International Group, Inc. AIG reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90. The bottom line surged 80.3% year over year.
Adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. Net premiums written totaled $5.6 billion, reflecting 24% year-over-year growth, driven by 21% expansion in Global Commercial and 11% growth in Global Personal.
AXIS Capital Holdings Limited AXS reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year.
Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. AXS’ quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses.
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