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AIG Earnings Beat Views
AIG’s adjusted earnings per share beat Wall Street expectations in the third quarter, coming in at $2.06 versus the forecast $1.89. Net premiums written in its General Insurance segment rose 7% to $6.65 billion, while net investment income increased 42.5% to $1.1 billion. However, General Insurance underwriting income fell 29% to $564 million, as catastrophe losses rose to $283 million from $100 million in the same period last year.
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