How will AIG Third Quarters earning will look like?
12 replies (most recent on top)
Who cares about company earnings, what about BD and PZ earnings
I would sell on any uptick. Once a vaccine comes and travel starts to happen again, you know BD and PZ will be burning as much jet fuel as possible traveling everywhere, staying at the best hotels and eating the best food for themselves and a few hundred of their closet friends
Same as always the last 3 yrs, poor excuses from BD and PZ
a loss is a loss is a loss. Real money going out.
Serious answer is more of the same. Mixed results with large CAT losses weighing on earnings. Management continues to justify numbers by excluding CAT losses. Unfortunately CATs are impacting virtually every quarter now so time to stop trying to make the numbers looks good by excluding CAT losses.
It made a little sense at first to show progress, but it looks ridiculous to keep reporting it after 4 years. Management obviously doesn't know how to mitigate CAT exposure so results will be murky at best. The only thing this team is good at is cost reduction which doesn't take a brilliant insurance mind to figure out.
The numbers will S— due to not writing and new business, Brokers moving accounts, Fire, Virus and just poor management. This Company is going down the drain.
And serious answer about third quarter earnings
Do forget that they will thank everyone for all their hard work. Stock is at $28.00. Could it be a penny stock soon?
Financials will be as transparent as ever, leading to more layoffs, downgrades, and of course, layoffs. Except grade 25 and up, they have to keep bringing Accenture on board, because evidently the existing tech leadership needs hand holding.
You can already hear the excuses coming in the town hall,.....COVID continues to be a monumental challenge, unprecedented wildfire activity and hurricanes weighed heavily on our bottom line. Civil unrest was responsible for significant domestic losses...….
But thanks to our work over the last 3 years, we have positive momentum!
Yeah, yeah, yeah.....tired of the same lines and same excuses we have already heard the song as dance BD, how about some results. Just retire and go away.
sounds like BD and Petey will get a big bonus.
I hear they’re going to be through the roof.