American International Group Inc. says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.
AIG says first quarter net income was $2.2 billion. The $3.2 billion in first-quarter net income booked a year ago included investments in AIA Group and Maiden Lane II and III.
Consolidated after-tax operating income was about $2 billion for the first quarter compared to about $3 billion a year ago.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO 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.
