BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
American International Group Inc. reported $7.65 billion in net income for the nine months ended Sept. 30, compared with a $272 million loss for the comparable period a year ago, the insurer said Thursday.
For the quarter, the company reported $1.86 billion in net income, compared with a $3.83 billion loss for the same quarter in 2011.
In its property/casualty operations, AIG reported $2.82 billion in pre-tax income for the nine-month period, a 181.2% improvement from the comparable period a year ago. It reported a 103.2% combined ratio for the nine months, compared to a 109.3% combined ratio for the same period a year ago.
For the quarter, it reported $949 million in pre-tax income for its property/casualty operations, a 72.2% improvement from the same period a year ago. It posted a 105% combined ratio compared with 105.9% for 2011's third quarter.
“AIG again posted a solid quarter, reflecting the continued strength of our core insurance operations and strong investment returns. We are seeing continued momentum, and we're building for the future by creating a more streamlined, efficient and nimble company,” AIG President and CEO Robert H. Benmosche said in a statement.
Mr. Benmosche said it is too soon to estimate Hurricane Sandy's financial impact.
NEW YORK—American International Group Inc.'s first quarter profit rose 147.3% compared with the same quarter last year to $3.21 billion, the New York-based insurer announced Thursday.