NEW YORK (AP) — American International Group's net income rose 27 percent in the second quarter as its property and casualty and life insurance business brought in more revenue.
During the quarter, AIG repaid all the loans it owed to the Federal Reserve as part of the financial rescue measures it received in 2008 and 2009.
AIG earned $2.33 billion, or $1.33 per share, versus $1.84 billion, or $1 per share, in the same period a year ago. Analysts surveyed by data provider FactSet were expecting the company to earn 58 cents per share in the quarter.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.