NEW YORK (AP) - NEW YORK (AP) - American International Group Inc. (AIG) on Wednesday reported a second-quarter loss of $3.98 billion, after reporting a profit in the same period a year earlier.
American International Group: Q2 Earnings Snapshot
NEW YORK (AP) - NEW YORK (AP) - American International Group Inc. (AIG) on Wednesday reported a second-quarter loss of $3.98 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of $5.96. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to $1.16 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The insurer posted revenue of $6.56 billion in the period. Its adjusted revenue was $6.64 billion.