Categories AlphaGraphs, Earnings, Finance

American International Group (AIG) Q2 earnings drop but top expectations

American International Group (NYSE: AIG)  Monday said its after-tax adjusted profit dropped sharply in the second quarter of 2020 but exceeded the consensus forecast.

American International Group Q2 2020 Earnings Infographic

Adjusted after-tax income attributable to shareholders was $571 million or $0.66 per share in the second quarter, compared to $1.27 billion or $1.43 per share last year. However, the bottom line came in above analysts’ projection.

On an unadjusted basis, the insurance giant reported a net loss of $7.94 billion or $9.15 per share for the quarter, compared to earnings of $1.1 billion or $1.24 per share in the second quarter of 2019.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for AIG’s Q2 2020 earnings call transcript 


At $3.4 billion, total consolidated net investment income was down 8% year-over-year, reflecting bigger private equity losses compared to last year.

Most Popular

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

CrowdStrike: Why this cybersecurity stock is a good investment for 2023

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top