American International Group Inc. saw quarterly operating profits rise 16 percent during the fourth quarter, matching Wall Street forecasts as earnings from worldwide life and overseas general insurance operations grew.
AIG’s fourth-quarter profits, excluding realized investments, rose to $1.528 billion, or 65 cents per share, from $1.318 billion, or 56 cents per share, in the year-earlier quarter. Overall revenues increased by 14 percent to $12.51 billion, with the company’s main units — general insurance, life insurance, asset management and financial services — posting higher profits.
Topics Profit Loss AIG
Was this article valuable?
Here are more articles you may enjoy.
Giuliani Fails to Get $10 Million Sexual Harassment Suit in New York Dismissed 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
