AIG Reports Fourth Quarter Results
NU Online News Service, Feb. 7, 4:18 p.m. EST? American Internationl Group Inc. announced an increase today of 3.5 percent in its fourth quarter earnings over last year.
The New York City-based company said net income increased $63.9 million over last year from $1.8 billion in 2000 to $1.87 billion for the fourth quarter of 2001.
Net income per share increased by 2.9 percent rising from 68 cents per share in 2000 to 70 cents per share for 2001.
The company said that the fourth quarter report includes a restatement of earnings for 2000 due to the acquisition of American General Corp. in Aug. of 2001.
Fourth quarter revenues increased more than 8 percent rising from $15 billion in 2000 to $17 billion in 2001.
AIG said it would broadcast a financial analyst meeting at 4 p.m. on Feb. 11 over the Web. The site can be accessed at http://www.aigcorporate.com/corpsite/webcast1.htm., and is to remain accessible until February 19.
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