Friday, February 22, 2013

AIG Earnings Review: Closes Door on Financial Crisis

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AIG reported QE December 2012 financial results on February 21

AIG Weathers Storm Sandy, Posts Profit

Self-proclaimed "leading international insurance organization" American International Group (AIG) reported a beat on Non-GAAP core operating earnings per share of $0.20 versus an expected loss of -$0.08 for the quarter ended December 2012. This is well below the prior year EPS of $0.77 (revised) but encouraging nonetheless as Hurricane Sandy losses were recognized this quarter. Non-GAAP profit was $290 million compared to $1.5 billion a year ago. Read more and see charts at Seeking Alpha.

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide propertycasualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG Common Stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

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