Subtext

American International Group, Inc. AIG

SectorFinancials
Transcripts62
Date range2007-08-09 – 2025-05-02
Calls charted62

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-21-10+0+10+212007 Q22011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42007 Q2 · Overall: -14.72007 Q4 · Overall: -14.42008 Q1 · Overall: -12.92008 Q2 · Overall: -18.12008 Q3 · Overall: -7.52008 Q4 · Overall: -10.62011 Q2 · Overall: -4.82011 Q3 · Overall: -1.72011 Q4 · Overall: +4.22012 Q1 · Overall: +6.12012 Q2 · Overall: +6.32012 Q3 · Overall: -4.52012 Q4 · Overall: +9.02013 Q1 · Overall: +4.62013 Q2 · Overall: +7.52013 Q3 · Overall: +8.02013 Q4 · Overall: -0.62014 Q1 · Overall: +0.32014 Q2 · Overall: +5.92014 Q3 · Overall: +12.42014 Q4 · Overall: +0.42015 Q1 · Overall: +6.12015 Q2 · Overall: +2.72015 Q3 · Overall: -1.12015 Q4 · Overall: +0.72016 Q1 · Overall: -0.12016 Q2 · Overall: +0.02016 Q3 · Overall: -2.72016 Q4 · Overall: -0.62017 Q1 · Overall: +1.02017 Q2 · Overall: +10.12017 Q3 · Overall: -0.72017 Q4 · Overall: +3.92018 Q1 · Overall: +5.72018 Q2 · Overall: +6.62018 Q3 · Overall: -5.92018 Q4 · Overall: -2.92019 Q1 · Overall: +2.12019 Q2 · Overall: +11.32019 Q3 · Overall: +3.92019 Q4 · Overall: +1.32020 Q1 · Overall: -6.12020 Q2 · Overall: +0.52020 Q3 · Overall: +0.92020 Q4 · Overall: +5.02021 Q1 · Overall: -5.42021 Q2 · Overall: -2.12021 Q3 · Overall: -2.72021 Q4 · Overall: +6.22022 Q1 · Overall: +0.52022 Q2 · Overall: +5.52022 Q3 · Overall: +0.42022 Q4 · Overall: +0.42023 Q1 · Overall: +3.82023 Q2 · Overall: -0.52023 Q3 · Overall: +2.12023 Q4 · Overall: -0.52024 Q1 · Overall: +4.42024 Q2 · Overall: +0.92024 Q3 · Overall: +3.62024 Q4 · Overall: +8.32025 Q1 · Overall: +8.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-28-14+0+14+282007 Q22011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42007 Q2 · CEO: -12.92007 Q4 · CEO: +2.42008 Q1 · CEO: -10.82008 Q2 · CEO: -8.32008 Q3 · CEO: -9.82008 Q4 · CEO: -6.72011 Q2 · CEO: +3.82011 Q3 · CEO: +4.42011 Q4 · CEO: +11.42012 Q1 · CEO: +9.22012 Q2 · CEO: +12.32012 Q4 · CEO: +16.32013 Q1 · CEO: +10.52013 Q2 · CEO: +2.82013 Q3 · CEO: +12.62013 Q4 · CEO: +3.62014 Q1 · CEO: +6.02014 Q2 · CEO: +6.92014 Q3 · CEO: +24.42014 Q4 · CEO: +1.42015 Q1 · CEO: +9.12015 Q2 · CEO: +13.32015 Q3 · CEO: +3.12015 Q4 · CEO: +13.22016 Q1 · CEO: +20.72016 Q2 · CEO: +15.22016 Q4 · CEO: +3.72017 Q1 · CEO: -1.12017 Q2 · CEO: +14.12017 Q3 · CEO: +1.72017 Q4 · CEO: +2.12018 Q1 · CEO: +6.42018 Q2 · CEO: +6.52018 Q3 · CEO: -0.22018 Q4 · CEO: +3.92019 Q1 · CEO: +9.02019 Q2 · CEO: +16.62019 Q3 · CEO: +4.12020 Q1 · CEO: -6.72021 Q3 · CEO: +10.82021 Q4 · CEO: +18.02022 Q1 · CEO: +1.32024 Q2 · CEO: +8.42024 Q3 · CEO: +5.42024 Q4 · CEO: +9.02025 Q1 · CEO: +7.52007 Q2 · CFO: -14.82008 Q4 · CFO: -17.92011 Q2 · CFO: -1.62011 Q3 · CFO: -8.92011 Q4 · CFO: -1.02012 Q1 · CFO: +7.22012 Q2 · CFO: +7.32012 Q4 · CFO: +6.12013 Q1 · CFO: +1.82013 Q2 · CFO: +8.32013 Q3 · CFO: +2.62013 Q4 · CFO: -3.42014 Q1 · CFO: -4.12014 Q2 · CFO: +2.72014 Q3 · CFO: +8.92014 Q4 · CFO: -3.22015 Q1 · CFO: +4.52016 Q4 · CFO: +0.02017 Q1 · CFO: +13.32017 Q4 · CFO: +4.52018 Q1 · CFO: -3.52018 Q2 · CFO: +5.22018 Q3 · CFO: -7.42018 Q4 · CFO: -12.72019 Q1 · CFO: -4.22019 Q2 · CFO: +5.62019 Q3 · CFO: +7.32020 Q1 · CFO: -2.82021 Q3 · CFO: -9.92021 Q4 · CFO: +11.72024 Q4 · CFO: -0.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-39-20+0+20+392007 Q22011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42007 Q2 · Prepared remarks: -6.92007 Q4 · Prepared remarks: -13.02008 Q1 · Prepared remarks: -19.92008 Q2 · Prepared remarks: -22.42008 Q3 · Prepared remarks: -7.22008 Q4 · Prepared remarks: -18.52011 Q2 · Prepared remarks: -4.82011 Q3 · Prepared remarks: -6.22011 Q4 · Prepared remarks: +9.02012 Q1 · Prepared remarks: +13.62012 Q2 · Prepared remarks: +15.42012 Q3 · Prepared remarks: +11.52012 Q4 · Prepared remarks: +16.32013 Q1 · Prepared remarks: +13.32013 Q2 · Prepared remarks: +15.32013 Q3 · Prepared remarks: +9.12013 Q4 · Prepared remarks: -1.12014 Q1 · Prepared remarks: +12.32014 Q2 · Prepared remarks: +10.62014 Q3 · Prepared remarks: +18.82014 Q4 · Prepared remarks: -0.22015 Q1 · Prepared remarks: +6.52015 Q2 · Prepared remarks: +10.02015 Q3 · Prepared remarks: +5.02015 Q4 · Prepared remarks: +5.92016 Q1 · Prepared remarks: -0.22016 Q2 · Prepared remarks: +2.72016 Q3 · Prepared remarks: +4.82016 Q4 · Prepared remarks: +4.32017 Q1 · Prepared remarks: +10.22017 Q2 · Prepared remarks: +18.52017 Q3 · Prepared remarks: +4.42017 Q4 · Prepared remarks: +10.52018 Q1 · Prepared remarks: +8.02018 Q2 · Prepared remarks: +8.02018 Q3 · Prepared remarks: -3.32018 Q4 · Prepared remarks: +0.72019 Q1 · Prepared remarks: +11.22019 Q2 · Prepared remarks: +14.52019 Q3 · Prepared remarks: +8.42019 Q4 · Prepared remarks: +1.62020 Q1 · Prepared remarks: -1.92020 Q2 · Prepared remarks: +4.82020 Q3 · Prepared remarks: +18.62020 Q4 · Prepared remarks: +32.12021 Q1 · Prepared remarks: +1.52021 Q2 · Prepared remarks: +5.42021 Q3 · Prepared remarks: +23.82021 Q4 · Prepared remarks: +13.32022 Q1 · Prepared remarks: +0.02022 Q2 · Prepared remarks: +34.12022 Q3 · Prepared remarks: +24.12022 Q4 · Prepared remarks: +0.02023 Q1 · Prepared remarks: +9.32023 Q2 · Prepared remarks: +6.82023 Q3 · Prepared remarks: +0.02023 Q4 · Prepared remarks: +12.02024 Q1 · Prepared remarks: +11.62024 Q2 · Prepared remarks: -0.52024 Q3 · Prepared remarks: -5.12024 Q4 · Prepared remarks: +1.22025 Q1 · Prepared remarks: +7.12007 Q2 · Q&A responses: -21.22007 Q4 · Q&A responses: -15.02008 Q1 · Q&A responses: -7.12008 Q2 · Q&A responses: -14.82008 Q3 · Q&A responses: -5.12008 Q4 · Q&A responses: -3.72011 Q2 · Q&A responses: -2.22011 Q3 · Q&A responses: +1.32011 Q4 · Q&A responses: +0.62012 Q1 · Q&A responses: +4.02012 Q2 · Q&A responses: +1.22012 Q3 · Q&A responses: -3.22012 Q4 · Q&A responses: +1.62013 Q1 · Q&A responses: +1.12013 Q2 · Q&A responses: +2.12013 Q3 · Q&A responses: +7.12013 Q4 · Q&A responses: +13.82014 Q1 · Q&A responses: -5.52014 Q2 · Q&A responses: +4.22014 Q3 · Q&A responses: +10.32014 Q4 · Q&A responses: +0.32015 Q1 · Q&A responses: +3.92015 Q2 · Q&A responses: -0.82015 Q3 · Q&A responses: -5.22015 Q4 · Q&A responses: +2.42016 Q2 · Q&A responses: +2.42016 Q3 · Q&A responses: -3.22016 Q4 · Q&A responses: +0.62017 Q1 · Q&A responses: -11.92017 Q2 · Q&A responses: +8.72017 Q3 · Q&A responses: -3.12017 Q4 · Q&A responses: +0.02018 Q1 · Q&A responses: +4.52018 Q2 · Q&A responses: +10.72018 Q3 · Q&A responses: -9.82018 Q4 · Q&A responses: -7.12019 Q1 · Q&A responses: -10.22019 Q2 · Q&A responses: +1.62019 Q3 · Q&A responses: -1.02020 Q1 · Q&A responses: -5.82020 Q2 · Q&A responses: -2.82020 Q3 · Q&A responses: +3.52020 Q4 · Q&A responses: +0.02021 Q1 · Q&A responses: -5.82021 Q2 · Q&A responses: +0.62021 Q3 · Q&A responses: -11.82021 Q4 · Q&A responses: +11.32022 Q2 · Q&A responses: +5.02022 Q3 · Q&A responses: +1.42022 Q4 · Q&A responses: +11.72023 Q1 · Q&A responses: +4.52023 Q2 · Q&A responses: +4.12023 Q3 · Q&A responses: +6.02023 Q4 · Q&A responses: +6.42024 Q1 · Q&A responses: +7.42024 Q2 · Q&A responses: +9.62024 Q3 · Q&A responses: +14.92024 Q4 · Q&A responses: +20.92025 Q1 · Q&A responses: +10.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$3.31$5.61$7.912007 Q22011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42014 Q1: $4.452014 Q2: $4.712014 Q3: $4.902014 Q4: $4.982015 Q1: $5.102015 Q2: $5.242015 Q3: $5.372015 Q4: $5.152016 Q1: $5.092016 Q2: $4.802016 Q3: $5.182016 Q4: $5.422017 Q1: $5.162017 Q2: $5.392017 Q3: $5.312017 Q4: $4.982018 Q1: $5.612018 Q2: $5.252018 Q3: $5.192018 Q4: $4.832019 Q1: $4.522019 Q2: $5.012019 Q3: $5.172019 Q4: $5.022020 Q1: $4.602020 Q2: $3.622020 Q3: $3.832020 Q4: $4.352021 Q1: $4.542021 Q2: $4.782021 Q3: $5.252021 Q4: $5.372022 Q1: $5.552022 Q2: $5.912022 Q3: $6.032022 Q4: $6.282023 Q1: $6.492023 Q2: $7.212023 Q3: $7.532023 Q4: $7.592024 Q1: $7.382024 Q2: $7.432024 Q3: $6.57

Forward P/E

3.438.1612.902007 Q22011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42014 Q1: 11.182014 Q2: 11.802014 Q3: 11.402014 Q4: 10.852015 Q1: 11.062015 Q2: 11.812015 Q3: 10.972015 Q4: 11.832016 Q1: 10.392016 Q2: 11.152016 Q3: 11.212016 Q4: 12.182017 Q1: 12.252017 Q2: 11.912017 Q3: 11.432017 Q4: 11.842018 Q1: 9.792018 Q2: 10.422018 Q3: 10.392018 Q4: 8.142019 Q1: 9.692019 Q2: 10.702019 Q3: 11.152019 Q4: 10.352020 Q1: 4.082020 Q2: 8.902020 Q3: 7.762020 Q4: 8.812021 Q1: 10.512021 Q2: 10.822021 Q3: 10.382021 Q4: 10.122022 Q1: 10.762022 Q2: 8.812022 Q3: 8.992022 Q4: 9.982023 Q1: 7.392023 Q2: 7.752023 Q3: 8.062023 Q4: 8.862024 Q1: 10.232024 Q2: 9.982024 Q3: 11.15

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -12.0 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -3.5 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -3.7 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -2.7 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +4.6 fwd EPS ↓ -0.33 Tone rose while the forward EPS estimate was cut.
  • 2018 Q4 tone ↑ +3.0 fwd EPS ↓ -0.36 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↑ +5.0 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.
  • 2019 Q3 tone ↓ -7.3 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.6 fwd EPS ↓ -0.98 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -10.4 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -5.7 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -5.1 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -4.3 fwd EPS ↑ +0.71 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↑ +4.9 fwd EPS ↓ -0.21 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↑ +2.7 fwd EPS ↓ -0.86 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-02+8.0——View →
2024 Q42025-02-12+8.3——View →
2024 Q32024-11-05+3.6$6.5711.2View →
2024 Q22024-08-01+0.9$7.4310.0View →
2024 Q12024-05-02+4.4$7.3810.2View →
2023 Q42024-02-14-0.5$7.598.9View →
2023 Q32023-11-02+2.1$7.538.1View →
2023 Q22023-08-02-0.5$7.217.8View →