AIG Profit Climbs 27% to $2.33 Billion on Investments
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American International Group Inc., the insurer majority-owned by the U.S. Treasury Department, said profit increased 27 percent on investments and improvements at its property-casualty unit.
Net income rose to $2.33 billion, or $1.33 a share, from $1.84 billion, or $1, a year earlier, the New York-based insurer said today in a statement. Operating profit, which excludes some investment results, was $1.06 a share, beating the average estimate of 60 cents in a Bloomberg survey of 20 analysts.