AIG Reports Second Quarter 2017 Results

American International Group, Inc. today reported net income of USD 1.1 billion, or USD 1.19 per diluted share, for the second quarter 2017, compared to USD 1.9 billion, or USD 1.68 per diluted share, in the prior-year quarter, primarily reflecting net realized capital losses of USD 69 million compared to net realized capital gains of USD 1.0 billion a year ago.

After-tax operating income was USD 1.4 billion, or USD 1.53 per diluted share, for the second quarter 2017 compared to USD 1.3 billion, or USD 1.15 per diluted share.

"Our second quarter results show the value of AIG's diverse businesses and the opportunities we have to grow profitably," said Brian Duperreault, President and Chief Executive Officer. "We will build on AIG's strong franchise by maximizing the value of our international footprint, which distinguishes us from many of our competitors. While market conditions remain challenging, we are committed to disciplined underwriting and are focused on investing in profitable growth."  Read the full story

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