NEW YORK: 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.
Overall, AIG’s profit fell 35% to US$1.98bil, or US$1.34 per share, from US$3.05bil, or US$1.71 per share a year earlier. – Reuters
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