AIG Profit Rises on Premium Hike

American International Group Inc., the world’s largest insurer by market value, said its quarterly net profit rose 7% as it charged higher premiums for insurance amid a surge in demand.

AIG reported a net profit of $1.98 billion, or 75 cents per share. Excluding one-time items, AIG reported operating earnings of 81 cents a share, in line with estimates.

AIG shares were unchanged, closing at $68.34 on the New York Stock Exchange.