General operating expenses
American International Group (AIG) has reduced its general operating expenses (or GOE) on an operating basis in 2Q17 compared to 2Q16. In 2Q16, AIG reported operating GOE of $2.4 billion, which the company reduced by $191.0 million.
AIG reported GOE of $2.2 billion in 2Q17. Out of the total reductions of $191.0 million, $77.0 million was trimmed with the help of staff reductions.
In 1H16, AIG reported operating GOE of $5.0 billion. However, in 1H17, the company reduced its operating GOE to $4.4 billion.
In 2Q17, American International Group (AIG) returned total capital of $2.7 billion to its shareholders. Out of $2.7 billion returned, the company repurchased ~$2.4 billion in shares and declared dividends of $0.29 billion. However, in 1H17, AIG returned total capital of ~$6.6 billion.