American International Group’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 AIG’s property and casualty business helped the company beat analysts’ quarterly profit expectations on Thursday, sending its shares up 3 per cent in after-hours trading.
via Business feed http://www.scmp.com/business/banking-finance/article/1229103/aig-beats-estimates-property-and-casualty-business-shines
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