NEW YORK: American International Group Inc., one of the world's largest insurers, said on Monday profits fell to US$1.72 billion (euro1.47 billion) for the third quarter, in line with an earlier announcement.
The earnings report, which had been delayed as the New York-based company grappled with a restatement of financial results back several years, said the company absorbed catastrophe-related losses in the quarter of $1.6 billion (euro1.37 billion), most from Hurricane Katrina.
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