AIG’s Profit Climbs 11% on Growth in Asia
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From Bloomberg News
American International Group Inc., the world’s largest insurer, said fourth-quarter profit rose 11% on life insurance earnings in Asia and higher investment income.
Net income climbed to $3.02 billion, or $1.15 a share, from $2.71 billion, or $1.03, a year earlier, the New York-based company said. Revenue rose 16% to $25.8 billion.
AIG shares rose $1.58 to $69.31 on the New York Stock Exchange.
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