AIG Q2 Earnings Miss Estimates on High Catastrophe Losses

American International Group, Inc. (AIG) reported second-quarter 2024 adjusted earnings per share of $1.16, which missed the Zacks Consensus Estimate by 16.6%. However, the bottom line improved 9.4% year over year.Operating revenues amounted to $6.6 billion, which declined 11.8% year over year. However, the top line significantly missed the consensus mark.The weaker-than-expected results were caused by an increase in catastrophe losses and higher general operating and other expenses. This was partially offs ...