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.
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
Judge Green Lights New York’s Driver’s License Law, Rejecting Trump Challenge 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
Head of EEOC Urges White Men to Report Discrimination 
