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AIG Q2 net income $1.8 billion

Staff writer ▼ | August 4, 2015
American International Group (AIG) reported net income attributable to AIG of $1.8 billion, or $1.32 per diluted share, for the second quarter ended June 30, 2015, compared to $3.1 billion, or $2.10 per diluted share, for Q2 2014.
AIG
American International Group   $1.32 per diluted share
Compared to the prior-year quarter, second quarter 2015 net income attributable to AIG declined primarily due to higher loss on extinguishment of debt from ongoing liability management activities, lower capital gains from sales of investments, and a net gain on the sale of divested businesses related to the sale of International Lease Finance Corporation in the second quarter of 2014.

After-tax operating income was $1.9 billion, or $1.39 per diluted share, for the second quarter of 2015, compared to $1.8 billion, or $1.23 per diluted share, in the prior-year quarter.

Compared to the prior-year quarter, operating results in the second quarter of 2015 reflected higher pre-tax operating earnings of AerCap Holdings N.V. (AerCap) and the fair value of PICC Property & Casualty Company Limited (PICC P&C) and People’s Insurance Company (Group) of China Limited (PICC Group) investments, partially offset by a decrease in income from insurance operations.


 

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