American International Group: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:54 PM ET
Last Updated - Jun 21, 2023, 10:36 PM EDT
NEW YORK (AP) — NEW YORK (AP) — American International Group Inc. (AIG) on Thursday reported first-quarter profit of $30 million.
On a per-share basis, the New York-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring costs, came to $1.63 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The insurer posted revenue of $10.98 billion in the period. Its adjusted revenue was $12.38 billion.
