NU Online News Service, July 25, 12:21 p.m. – American International Group Inc., New York, is reporting $1.8 billion in net income for the second quarter on $25 billion in revenue, up from $1.3 billion in net income on $21 billion in revenue for the second quarter of 2001.
Adjusted income, which excludes $629 million in investment losses realized during the latest quarter and $654 million in acquisition and restructuring costs for the second quarter of 2001, increased to $2.2 billion, from $2 billion.
The company sells life insurance, health insurance, annuities, retirement services and related financial services products in the United States and in other countries, as well as property-casualty insurance and financing services.