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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%