Excluding net realized capital gains, income increased 15.5 percent to $1.36 billion, compared to $1.18 billion in the first quarter of 1999. Income before taxes, minority interest and realized capital gains for the first quarter increased to $2.01 billion, up 14.9 percent from $1.75 billion the same quarter 1999.
Revenues also rose 10.8 percent to $10.89 billion from $9.82 billion in the year-earlier quarter. AIG’s shareholders’ equity rose more than $500 million to nearly $33.8 billion, after open market purchases during the quarter of 10.4 million shares of AIG common stock. At that date, AIG’s consolidated assets approximated $278 billion.
Topics Profit Loss AIG
Was this article valuable?
Here are more articles you may enjoy.
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
US P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed 
Abundant Reinsurance Capacity Accelerates Market Softening During 1/1 Renewals 
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
