- American International Group reports second-quarter after-tax operating income of $1.9 billion, or $1.06 a share, beating the consensus estimate of a 57-cent profit.
- Maiden Lane III loan from Federal Reserve Bank of New York paid in full.
- $1.3 billion positve fair value adjustment for Maiden Lane III.
- Insurance income grows 26% year-over-year, to $1.9 billion, after tax.
The shares trade for nine times the consensus 2013 EPS estimate of $3.30. The consensus 2012 EPS estimate is $3.62. Interested in more on American International Group? See TheStreet Ratings' report card for this stock. -- Written by Philip van Doorn in Jupiter, Fla. To contact the writer, click here: Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.