- 01Nov
(Reuters) - American International Group Inc (AIG.N) earned a bigger-than-expected profit during the third quarter, as higher prices in the insurer's property-casualty division and gains on investments in its life and retirement division led to a sharp rise in operating income.
AIG reported earnings of $1.9 billion, or $1.13 per share, for the period, compared with a loss of nearly $3 billion, or $2.10 per share, in the year-ago quarter.
Analysts had expected AIG to earn 86 cents per share, on average, according to Thomson Reuters I/B/E/S.
(Reporting By Lauren Tara LaCapra)
The Carver news team is determined to keep you up to date with the latest business news from all around
the world. Carver PA Corporation is a multi-disciplinary company which provides a number of Industrial
Training programs, Consulting Services and Recruitment Services on a global scale.
AIG reports profit on higher prices, investment gains
