FX.co ★ American International Group, Inc. Q3 Profit Decreases, But Beats Estimates

American International Group, Inc. (AIG) has announced its third-quarter earnings, which have decreased compared to the previous year yet surpassed market expectations. The reported net income for the company was $459 million, translating to $0.71 per share, down from $2.02 billion or $2.81 per share recorded in the same quarter of the previous year.

On an adjusted basis, which excludes special items, AIG posted earnings of $798 million, or $1.23 per share, exceeding the consensus forecast of $1.10 per share as projected by analysts polled by Thomson Reuters.

Revenue for the third quarter dipped slightly by 1.3%, totaling $6.380 billion compared to $6.462 billion a year ago.

Summary of American International Group, Inc. (GAAP) Q3 Results:

- Net Income: $459 million, compared to $2.02 billion last year.

- Earnings Per Share: $0.71, compared to $2.81 last year.

- Revenue: $6.380 billion, compared to $6.462 billion last year.