American International Group: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — American International Group Inc. (AIG) on Wednesday reported third-quarter net income of $2.03 billion.
The New York-based company said it had net income of $2.81 per share. Earnings, adjusted for non-recurring gains, came to $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The insurer posted revenue of $12.77 billion in the period. Its adjusted revenue was $11.36 billion.
American International Group shares have dropped roughly 2% since the beginning of the year, while the S&P's 500 index has increased 10%. In the final minutes of trading on Wednesday, shares hit $62.05, a rise of almost 9% in the last 12 months.
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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 https://www.zacks.com/ap/AIG
