American International Group Inc reports results for the quarter ended June 30 - Earnings Summary

• American International Group Inc AIG.N reported quarterly adjusted earnings of $1.81​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.16. The mean expectation of sixteen analysts for the quarter was for earnings of $1.60 per share. Wall Street expected results to range from $1.49 to $1.72 per share.

• Revenue fell 17.8% to $5.39 billion from a year ago; analysts expected $6.78 billion.

• American International Group Inc's reported EPS for the quarter was $1.98​.

• The company reported quarterly net income of $1.14 billion.

• American International Group Inc shares had fallen by 7.6% this quarter and gained 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

• Wall Street's median 12-month price target for American International Group Inc is $89.00, about 11.2% above its last closing price of $79.06

This summary was machine generated from LSEG data August 7 at 07:48 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)