American International Group Inc. (AIG) has reported a decrease in its earnings for the fourth quarter compared to the previous year. The company's earnings were detailed as $86 million, or $0.12 per share, which showcases a considerable drop from the $545 million, or $0.72 per share, of last year's fourth quarter.
When excluding certain items, AIG's adjusted earnings were reported as $1.27 billion or $1.79 per share for the same period. To summarise, AIG's year-on-year earnings for the fourth quarter (in accordance with the GAAP) were $86 million as compared to $545 million, and earnings per share were $0.12 against $0.72.
