AIG Q2 Profit Tops Estimates

(RTTNews) - American International Group, Inc. (AIG) reported net income for the second quarter of $3.1 billion or $2.10 per share, compared to $2.7 billion or $1.84 per share for the year-ago quarter.

Net income for the second quarter of 2014 includes a $1.4 billion after-tax gain on the sale of ILFC, or $0.96 per share.

Excluding items, operating earnings for the second quarter was $1.8 billion or $1.25 per share, compared to $1.7 billion or $1.12 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to earn $1.05 per share for the second quarter. Analysts' estimates typically exclude special items.

AIG property casualty net premium written declined 1% to $9.21 billion in the second quarter from $9.26 billion a year ago.