American International Group (NYSE:AIG – Get Free Report) issued its quarterly earnings results on Wednesday. The insurance provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11, Briefing.com reports. The company had revenue of $12.58 billion for the quarter, compared to analysts’ expectations of $12.04 billion. American International Group had […]
AIG Beats Profit Estimates on Underwriting Strength usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Net income per diluted share was $1.74 and adjusted after-tax income per diluted share was $1.77
General Insurance underwriting income increased 19% year-over-year to $596 million, or 67% on a.
AIG, one of the world's biggest commercial insurers, said underwriting income in its general insurance arm rose 19% to $596 million for the quarter ended March and included $106 million of total catastrophe-related charges. "General Insurance had another quarter of impressive Commercial Lines profitability benefiting from continued strong underwriting performance and low levels of catastrophe losses as we continue to manage volatility in our results," AIG Chairman and CEO Peter Zaffino said. Insurers have reaped the benefits of growing hopes of a soft landing and a still-tight labor market that has revived spending on insurance policies.
AIG Profit Exceeds Expectations on Lower Catastrophe Losses bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.