AIG (AIG) Declares $0.32 Quarterly Dividend; 2.2% Yield
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AIG posts $6.7 billion loss on tax reform, catastrophes
February 8, 2018 4:49 PM ESTBy Suzanne Barlyn
(Reuters) - American International Group Inc (NYSE: AIG) posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes.
Excluding one-time items, adjusted fourth-quarter earnings were $526 million, or 57 cents per share, compared with an adjusted loss of $2.8 billion, or $2.72 per share, in the same period a year earlier.
Analysts were expecting earnings of 75 cents per share, on average, according to Thomson Reuters I/B/E/S.
AIG booked $762 million of catastrophe... More
AIG (AIG) Misses Q4 EPS by 18c
February 8, 2018 4:18 PM ESTAIG (NYSE: AIG) reported Q4 EPS of $0.57, $0.18 worse than the analyst estimate of $0.75.
For earnings history and earnings-related data on AIG (AIG) click here.
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