Categories AlphaGraphs, Earnings, Finance
A snapshot of American International Group’s Q1 2023 earnings
American International Group (NYSE: AIG) has reported a sharp decline in revenues and earnings for the first quarter of 2023.
Net income attributable to shareholders plunged to $23 million or $0.03 per share in the first quarter from $4.17 billion or $5.04 per share in the same period of 2022.
The weak bottom-line performance reflects a 26% fall in revenues to $10.98 billion. At $3.53 billion, net investment income was up 9% year-over-year in the March quarter.
“AIG successfully navigated a complex environment to produce excellent first quarter results that demonstrate our ability to deliver high-quality outcomes for stakeholders, grow our business, manage volatility, and improve profitability. We also continue to execute on achieving underwriting and operational excellence, and capital and investment management strategies,” said AIG’s CEO Peter Zaffino.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
EXPE Earnings: Expedia reports adj. profit for Q1; revenue rises 8%
Expedia Group (NASDAQ: EXPE) has reported an increase in revenues for the first quarter of 2024. The travel company turned to net profit in Q1, on an adjusted basis, from
