Company News: American Intl (AIG) posts wider-than-expected quarterly loss

Market news

3 November 2017

Company News: American Intl (AIG) posts wider-than-expected quarterly loss

American Intl (AIG) reported Q3 FY 2017 losses of $1.22 per share (versus earnings of $1.23 in Q3 FY 2016), $0.43 worse than analysts' consensus estimate of -$0.79.

The company noted that "the insurance industry witnessed unprecedented catastrophic events" in Q3.

AIG fell to $62.50 (-3.82%) in pre-market trading.

Canada: Trade balance, billions, September -3.18 (forecast -3)

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