AIG beats third-quarter estimates, will buy back more shares

lundi 3 novembre 2014

The American International Group, Inc. (AIG) stock ticker is seen on a monitor as traders work on the floor of the New York Stock Exchange Insurer American International Group (AIG.N) on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. After-tax operating income jumped 23 percent. Chief Executive Officer Peter Hancock said the company remains "disciplined in our approach to balancing growth, profitability, and risk and focused on maintaining the strength of our industry-leading balance sheet." Hancock succeeded Bob Benmosche, who was widely credited with helping turn the company around after bad bets on derivatives nearly sank the company during the financial crisis.








via Business News http://ift.tt/1obVkGC

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