American International Group (AIG) reported a lower profit in its latest quarter, with net investment income decreasing by 34% to $872 million. This decline was primarily attributed to unrealized losses related to AIG’s ownership interest in Corebridge Financial and lower income from alternative investments. Despite the overall profit slide, adjusted earnings per share of $1.96 exceeded analyst estimates.
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AIG Logs Lower Profit as Net Investment Income Slides
American International Group (AIG) reported a lower profit in its latest quarter, with net investment income decreasing by 34% to $872 million. This decline was primarily attributed to unrealized losses related to AIG’s ownership interest in Corebridge Financial and lower income from alternative investments. Despite the overall profit slide, adjusted earnings per share of $1.96 exceeded analyst estimates.