NEW YORK (AP) _ American International Group Inc. (AIG) on Monday reported second-quarter earnings of $3.04 billion.
On a per-share basis, the New York-based company said it had profit of $3.78. Earnings, adjusted for non-recurring gains, were $1.19 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The insurer posted revenue of $14.44 billion in the period. Its adjusted revenue was $10.9 billion.
American International Group shares have decreased 8% since the beginning of the year, while the S&P's 500 index has declined 13%. In the final minutes of trading on Monday, shares hit $52.27, a climb of almost 3% in the last 12 months.
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
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