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Post Earnings Coverage as AIG Reported Q4 and Annual Results for FY16
Upcoming AWS Coverage on Sun Life Financial Post-Earnings Results LONDON, UK / ACCESSW...
About this update from Genesis Ai Corp
[{"type":"text","content":"Post Earnings Coverage as AIG Reported Q4 and Annual Results for FY16Upcoming AWS Coverage on Sun Life Financial Post-Earnings Results\n\nLONDON, UK / ACCESSWIRE / February 17, 2017 / Active Wall St. announces its post-earnings coverage on American International Group, Inc. (NYSE: AIG). The Company disclosed its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on February 14, 2017. The New York-based Company's net loss attributable to AIG widened during the reported quarter. Register with us now for your free membership at: http://www.activewallst.com/register/.\nOne of American International Group's competitors within the Property & Casualty Insurance space, Sun Life Financial Inc. (NYSE: SLF), announced on February 02, 2017, that it will release its Q4 2016 financial results on Wednesday, February 15, 2017, after markets close. The Company will hold its earnings conference call and audio webcast at 10:00 a.m. ET the following day. AWS will be initiating a research report on Sun Life Financial in the coming days.\nToday, AWS is promoting its earnings coverage on AIG; touching on SLF. Get our free coverage by signing up to:\nhttp://www.activewallst.com/registration-3/?symbol=AIG\nhttp://www.activewallst.com/registration-3/?symbol=SLF\nEarnings Reviewed\nDuring the three months ended in December 31, 2016, AIG reported total revenues of $13.01 billion compared to $13.83 billion recorded at the end of Q4 FY15. The Company's pre-tax operating loss widened to $3.09 billion in Q4 FY16 from $2.10 billion in the year ago same quarter.\nThe multinational insurance corporation reported after-tax operating loss of $2.79 billion, or $2.72 loss per diluted share, in Q4 FY16 compared to after-tax operating loss $1.32 billion, or $1.07 loss per diluted share, in Q4 FY15. For the reported quarter, net loss attributable to AIG was $3.04 billion, or $2.96 loss per diluted share, compared to net loss of $1.84 billion, or $1.50 loss per diluted share, in the prior year comparable quarter.\nFor full year FY16, AIG's total revenues were $52.37 billion compared to $58.33 billion in FY15. The Company's pre-tax operating income during FY16 came in at $1.42 billion versus $3.98 billion in FY15. Furthermore, net loss attributable to AIG for FY16 stood at $849 million, or $0.78 loss per diluted share, against net...