AIG Profit Rises on Premium Hike
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Reuters
American International Group Inc., the world’s largest insurer by market value, said its quarterly net profit rose 7% as it charged higher premiums for insurance amid a surge in demand.
AIG reported a net profit of $1.98 billion, or 75 cents per share. Excluding one-time items, AIG reported operating earnings of 81 cents a share, in line with estimates.
AIG shares were unchanged, closing at $68.34 on the New York Stock Exchange.
