U.S insurer AIG’s adjusted earnings decline by 56% in fiscal Q2

American International Group (NYSE: AIG) published its quarterly financial results on Monday that highlighted its adjusted earnings to have tanked by a massive 56%. The company attributed the decline to lower private-equity returns and higher catastrophe losses in the fiscal second quarter. Shares of the company tanked about 3% in extended trading on Monday. At £24 per share, American International Group is roughly 40% down year to date in the stock market after recovering from an even lower £14.41 per share in March when the impact of COVID-19 was at its peak. Previously, AIG had seen a 93% decline in