American International Group Inc posted a 27 per cent fall in quarterly income, hurt by a drop in earnings from premiums and higher disaster losses in its core property and casualty insurance business.
AIG's net income fell 27 per cent to $1.61 billion, or $1.09 per share, for the first quarter ended March 31, from $2.2 billion, or $1.49 per share, a year earlier. On an operating basis, the company earned $1.78 billion, or $1.21 per share.
AIG's net income fell 27 per cent to $1.61 billion, or $1.09 per share, for the first quarter ended March 31, from $2.2 billion, or $1.49 per share, a year earlier. On an operating basis, the company earned $1.78 billion, or $1.21 per share.
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