AIG Investment Gains Help First-Quarter Profit Beat Estimates
American International Group Inc. 's investment income gains helped the insurer's operating profit beat analysts' estimates, in a period otherwise marked by extraordinary losses from the Los Angeles wildfires.
Net investment income at the New York-based company rose 13% to $1.1 billion, aided by higher income from available-for-sale fixed maturity securities, AIG said in a statement Thursday.
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