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Summary
● Non-GAAP earnings per share of +$1.36 reverse the prior quarter loss of -$2.72 and soundly beats the analysts’ average estimate of +$1.08. Likewise, GAAP EPS returned to a positive +$1.18.
● The current QE 3-31-17 earnings rebound is likely more cyclical and a similar financial performance expected for QE 6-30-17.
● AIG has a number of corporate issues, including restructuring and hiring a new CEO. Investors await the announcement of a replacement for CEO Peter Hancock.
Read more analysis and see the financial charts at Seeking Alpha!
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG’s core businesses include Commercial Insurance and Consumer Insurance, as well as Other Operations. Commercial Insurance comprises two modules – Liability and Financial Lines, and Property and Special Risks. Consumer Insurance comprises four modules – Individual Retirement, Group Retirement, Life Insurance and Personal Insurance. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
AIG reported QE March 2017 financial results on May 3
Summary
● Non-GAAP earnings per share of +$1.36 reverse the prior quarter loss of -$2.72 and soundly beats the analysts’ average estimate of +$1.08. Likewise, GAAP EPS returned to a positive +$1.18.
● The current QE 3-31-17 earnings rebound is likely more cyclical and a similar financial performance expected for QE 6-30-17.
● AIG has a number of corporate issues, including restructuring and hiring a new CEO. Investors await the announcement of a replacement for CEO Peter Hancock.
Read more analysis and see the financial charts at Seeking Alpha!
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG’s core businesses include Commercial Insurance and Consumer Insurance, as well as Other Operations. Commercial Insurance comprises two modules – Liability and Financial Lines, and Property and Special Risks. Consumer Insurance comprises four modules – Individual Retirement, Group Retirement, Life Insurance and Personal Insurance. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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