American International Group Inc. finally released its second-quarter earnings Tuesday, and it also restated results for the second quarters and first halves of 2003 and 2004.[@@]
AIG, New York, is reporting $4 billion in net income for the latest quarter on $27 billion in revenue, up from $2.7 billion in net income on $23 billion in revenue for the second quarter of 2004.
Some competitors may have hoped that recent management changes and regulatory scrutiny would have broken AIG’s stride, but the company says its operations performed well during the quarter.
Worldwide life and retirement services operating profits increased 13%, due in part to the rising strength of non-U.S. currencies relative to the U.S. dollar.