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

These fast-food stocks can strengthen your portfolio this year. Here’s why

For American restaurant chains, the early months of the pandemic were a challenging period. But soon things changed for the better as people started ordering their favorite food items online

What to expect when McCormick & Company (MKC) reports Q1 results next week

Shares of McCormick & Company, Incorporated (NYSE: MKC) were up over 2% on Friday. The stock has dropped 12% year-to-date. The condiments manufacturer is scheduled to report its first quarter 2023

KB Home (KBH) Earnings: 1Q23 Key Numbers

KB Home (NYSE: KBH) reported total revenues of $1.38 billion for the first quarter of 2023 which was relatively flat compared to the same period last year. Net income of

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