AIG’s earnings disappointing

City A.M. Reporter
AMERICAN International Group (AIG) reported earnings nearly in line with expectations last night, but the stock fell after hours as analysts still saw room for improvement in the insurer, which almost went under during the financial crisis.

The insurer’s net income rose 17 per cent to $2.17bn (£1.35bn), or $1.46 per share, from $1.86bn, or $1.13 per share, a year earlier.

AIG fell three per cent in after hours trading pushing the stock as low as $50 per share.