American International Group (AIG) today said third-quarter net income grew amid a 25 per cent rise in adjusted general insurance operating income and brisk net premium writing.
AIG, which has an office in Dublin's IFSC, reported third-quarter net income of $2.34 billion, or 89 cents a share, up from 70 cents a share in the year-earlier period.
Excluding special items, earnings were 98 cents a share, matching the average analyst estimate compiled by Thomson First Call.
Underwriting profit rose 47 per cent to $573.2 million and net investment income increased 12 per cent to $741.9 million.
The company also notched a record in general insurance net premiums written of $8.97 billion, an increase of 26.5 per cent. The insurance giant's stock closed yesterday down $1.02 at $60.25.
AFP