Daily Journal masthead

American International Group posts 2Q profit of $1.8 billion, result tops expectations


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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIG at http://www.zacks.com/ap/AIG


Keywords: American International Group, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.