5/6, 10:24 PM (Source: TeleTrader)
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AIG's EPS surges to $1.05 in Q1, beating estimates

American International Group Inc. announced better-than-expected earnings results for the first quarter of 2021, reporting that its diluted earnings per share jumped nearly nine times to $1.05 in the trimester ending March 31.

"AIG had an excellent start to the year and that is reflected in our first-quarter results with growth in General Insurance and continued strong performance in Life and Retirement," Chief Executive Peter Zaffino noted in the report.

AIG's stocks traded slightly in the green after the closing bell at $50.30 per share following the announcement.

Breaking the News / ND