AIG (AIG) Misses Q1 EPS by 23c

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Go back to AIG (AIG) Misses Q1 EPS by 23c

AIG Reports First Quarter 2018 Results

May 2, 2018 4:16 PM EDT

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today reported net income of $938 million, or $1.01 per diluted share, for the first quarter of 2018, compared to net income of $1.2 billion, or $1.18 per diluted share, in the prior-year quarter. Adjusted after-tax income was $963 million, or $1.04 per diluted share, for the first quarter of 2018, compared to adjusted after-tax income of $1.4 billion, or $1.36 per diluted share, in the prior-year quarter.

In the first quarter we made progress towards delivering consistent results with net favorable reserve development, a stable General Insurance accident year loss ratio, and... More