The Traderszone Network

Published in TZ Latest News 30 April, 2015 by The TZ Newswire Staff

AIG first quarter earnings down slightly on interest rates, returns

American International Group Inc’s (AIG.N) first-quarter earnings fell slightly as low interest rates and weaker returns from alternative investments offset improvements in its commercial insurance business. Analysts, on average, had expected earnings of $1.19 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear whether the analyst estimate was directly comparable to operating earnings. As interest rates have remained very low, bond investors – including insurers – have struggled to achieve adequate returns.

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