Earnings

American International Group (AIG) Q2 2020 earnings

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A man exits the American International Building, world headquarters of American International Group (AIG).

Chris Hondros | Getty Images

Insurer American International Group on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns.

Adjusted after-tax income attributable to AIG common shareholders fell to $571 million in the second quarter ended June 30, from $1.3 billion a year earlier.

Excluding items, AIG earned a profit of 66 cents per share compared with $1.43 per share a year earlier, exceeding Factset expectations of 50 cents per share, the company said.

AIG, one of the largest insurers in the United States,…



Source cnbc.com

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