NEW YORK — American International Group Inc. (AIG) on Monday reported second-quarter profit of $1.8 billion.
The New York-based company said it had profit of $1.32 per share. Earnings, adjusted for one-time gains and costs, were $1.39 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The insurer posted revenue of $13.37 billion in the period.
American International Group shares have increased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. In the final minutes of trading on Monday, shares hit $64.15, a rise of 23 percent in the last 12 months.
Keywords: American International Group, Earnings Report