AIG Swings to Profit, as Catastrophes Take a Smaller Toll

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AIG Swings to Profit, as Catastrophes Take a Smaller Toll
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AIG swings to a profit as catastrophes take significantly less of a bite out of the global insurer's earnings

Global insurer American International Group Inc. swung to a profit in third-quarter net income, as catastrophes took significantly less of a bite out of earnings than the year before.

AIG’s flagship business of selling property-casualty insurance to companies world-wide gained more ground in its multiyear turnaround effort. The unit managed...

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