Investing.com - American International Group Inc (NYSE:AIG) surpassed analysts expectations for second quarter earnings, suggesting that the company remains on track with its turnaround after it posted a shocking $3 billion loss in the fourth quarter of 2016.
For the second quarter of 2017, AIG 's EPS was $1.53 (adjusted) up from $1.15 in the year-over-year quarter and above the analyst forecast for $1.20.
This was the company's first time reporting results under the leadership of Brian Duperreault. Duperreault took over as CEO in May after Peter Hancock resigned following the company’s large fourth quarter loss.
Commenting on the latest results, 'Duperreault said: "While market conditions remain challenging, we are committed to disciplined underwriting and are focused on investing in profitable growth."
AIG's shares were up just over 1% at $66.55 apiece in the after hours, near their 52-week high of $67.47.