NEW YORK (AP) — American International Group said Thursday that its first-quarter net income fell 31 percent from a year earlier, when the insurer benefited from $3.3 billion in investment income.

The company, which came close to collapsing during the financial crisis before being bailed out by the federal government, said net income totaled $2.2 billion, or $1.49 per share, for the three months ended March 31. That compares with $3.2 billion, or $1.71 per share, in the prior-year quarter.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.