American International Group: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — American International Group Inc. (AIG) on Tuesday reported third-quarter earnings of $844 million.

On a per-share basis, the New York-based company said it had net income of $1.60. Earnings, adjusted for non-recurring costs, came to $2.06 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.

The insurer posted revenue of $7.44 billion in the period. Its adjusted revenue was $7.51 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $7.45 billion.

American International Group shares have dropped roughly 6% since the beginning of the year, while the S&P's 500 index has climbed 11%. In the final minutes of trading on Tuesday, shares hit $80.53, an increase of 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIG at https://www.zacks.com/ap/AIG