American International Group Inc. said its first-quarter profit jumped 53%, buoyed by the sale of investment holdings, while the one-time government ward continued a strong share-buyback program.
www.marketwatch.com/story/...umps-tops-expectations-2015-04-30
Net income rose to $2.47 billion, or $1.78 a share, including $874 million in net realized capital gains from investment sales that included a stake in a Chinese insurer. In the prior-year period, the New York insurance conglomerate logged $1.61 billion, or $1.09 a share, in net income.
AIG's operating income, which excludes realized capital gains and losses and is closely watched by investors, slipped 2.9% to $1.69 billion, from $1.74 billion, but on a per-share basis rose to $1.22 from $1.18 a share.