AIG profit falls 35 percent as premium income dips

Reuters

Insurer American International Group Inc's quarterly profit fell about 35 percent on lower premium income and higher claims.

Net income fell to $1.98 billion, or $1.34 per share, for the first quarter, from $3.05 billion, or $1.71 per share, a year earlier.

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On an operating basis, AIG earned $1.34 per share.

(Reporting by Aman Shah and Anil D'Silva in Bangalore; Editing by Sriraj Kalluvila)