AIG financial results 2013 News

Hartford Catastrophe Costs Fall, 4Q Profit Rises to $314M

Hartford Financial Services Group Inc., now focusing on property/casualty coverage, posted a profit in the fourth quarter as catastrophe costs fell. Net income was $314 million, or 65 cents a share, compared with a loss of $46 million, or 13 …

AIG Reports 17% Increase in Profit; Issues First Dividend Since 2008

American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by its derivative bets in …

AIG Reports P/C Underwriting Gain for Q1

American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and reported lower losses. The long-awaited turnaround in …