Categories AlphaGraphs, Earnings, Finance

Infographic: Highlights of American International Group (AIG) Q1 2020 Earnings

American International Group, Inc. (NYSE: AIG) Monday said its after-tax adjusted profit dropped sharply in the first quarter of 2020. Earnings also missed estimates and the company’s stock dropped during the extended trading session.

American International Group Q1 2020 earnings infographic

Adjusted earnings of the New York-based insurance giant dropped sharply to $0.11 per share from $1.58 per share last year and missed the Street view. Reported profit was $1.74 billion or $1.98 per share, compared to $654 million or $0.75 per share in the first quarter of 2019.

Net investment income was $2.5 billion, compared to $3.9 billion in the prior-year quarter. Revenues grew 16% annually to $14.4 billion. Shares of AIG closed Monday’s regular trading higher. Last month, the stock slipped to a multi-year low and has been trading slightly below $25 since then.

Most Popular

Next.e.GO Mobile has a unique, innovative production strategy: Chairman Ali Vezvaei

Next.e.GO Mobile SE is a manufacturer of electric vehicles for urban mobility, with a mission to provide convenient and cost-effective transportation solutions. Founded in Germany, Next.e.GO Mobile built its first

What to look for when Darden Restaurants (DRI) reports Q3 earnings

The American restaurant industry has almost returned to normal now, after months of disruption that made people stop eating out and choose home delivery. The companies are currently busy enhancing

Lennar Corp. (LEN): What is the homebuilder’s strategy in the current environment?

Shares of Lennar Corporation (NYSE: LEN) were down on Friday. The stock has gained 14% year-to-date and 12% over the past 12 months. The company delivered better-than-expected results for its

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