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](https://cdn.news.alphastreet.com/wp-content/uploads/2020/05/American-International-Group-Q1-2020-earnings-infographic-1.jpg)
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.
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