AIG Q2 Earnings: Strong Underwriting, Demand For Retirement Products Drive Growth

AIG reported net income of $3.1 billion for the quarter, a 14% year-over-year increase on the back of strong performance in the property and casualty (P&C) and life and retirement businesses. The net income also included a $1.4 billion after-tax gain from the sale of AIG's non-core International Lease Finance Corporation to AerCap Ireland Limited.