04-05-2016 23:39 via insuranceinsider.com

Analysts underline disappointing AIG results

Analysts were in contemplative mood following the tumble in
operating profits at American International Group (AIG) this week,
as the company remained under intense scrutiny.
First quarter operating profits more than halved year-on-year
from $1.7bn to $773mn, leading AIG to post earnings per share of
$0.65 compared with Wall Street's consensus forecast of $1.00
per share.
In a note, BMO Capital Markets analyst Charles Sebaski observed
that the large miss was mainly attributed to investment losse
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