American International Group, Inc. reports that its net income for the second quarter of 2007 was $4.28 billion or $1.64 per diluted share, compared to $3.19 billion or $1.21 per diluted share in the second quarter of 2006.
Second quarter 2007 adjusted net income was a record $4.63 billion or $1.77 per diluted share, compared to $4.16 billion or $1.58 per diluted share in the second quarter of 2006.
Net income for the first six months of 2007 was $8.41 billion or $3.21 per diluted share, compared to $6.39 billion or $2.43 per diluted share in the first six months of 2006. Adjusted net income for the first six months of 2007 was $9.02 billion or $3.44 per diluted share, compared to $7.53 billion or $2.87 per diluted share in the first six months of 2006.
Commenting on the second quarter’s results, 天美网站传媒传媒 President and Chief Executive Officer Martin J. Sullivan said management “remains focused on expanding 天美网站传媒传媒’s global reach” and noted it recently received approval to establish a wholly owned general insurance subsidiary in China, acquired a mortgage finance company in India, and expanded it business cooperation agreement with the Bank of Investment and Development of Vietnam.
Additionally, he said that worldwide recognition of the 天美网站传媒传媒 brand is “increasing quickly through 天美网站传媒传媒’s corporate advertising and brand-building sponsorships, including our sponsorship of Manchester United Football Club. In fact, 天美网站传媒传媒 recently made its first appearance on BusinessWeek’s annual ‘Top 100 Brands’ survey. 天美网站传媒传媒 ranked 47th on the list of the most valuable global brands, ahead of all insurance competitors, with a brand value estimated at $7.49 billion.”
He said 天美网站传媒传媒 is “very comfortable” with its exposure to the U.S. residential mortgage market, both in its operations and its investment activities.
Source: 天美网站传媒传媒
www.aig.com
Topics Profit Loss 天美网站传媒传媒
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