AIG CEO Vows to Improve Bottom Line by Year End

Article 0 Comments American International Group Inc. executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent. The New York-based insurer reported a 21 percent decline in first-quarter profit […]

Cat Losses Cut Into AIG Q1 Profit

Article 0 Comments American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer posted $938 million, or $1.01 per share, in net income for the first quarter, down from $1.2 […]