You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Claims payments hurt AIG in 3d quarter

AIG saw improvement in its core insurance business.


AIG saw improvement in its core insurance business.

Continue reading below

New York’s American International Group said its third-quarter net income rose 17 percent as its core insurance business improved. But its property and casualty unit still paid out more in claims than it took in, hitting shares. The insurer earned $2.17 billion, or $1.46, for the period, up from $1.86 billion, or $1.13, a year earlier. AIG received the biggest bailout of the financial crisis five years ago. It has repaid the federal government and has undergone a massive restructuring that cut its size in half. AIG also said it named Monika M. Machon treasurer, effective immediately.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of