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Insurer AIG profit beats estimates on gains in life and retirement unit

AIG, one of the world's biggest commercial insurers, said net premiums written in its general insurance arm for the quarter ended June grew 10% to $7.5 billion. AIG's life and retirement unit saw a 42% jump in premiums and deposits, partly helped by record sales in fixed index annuities. Total consolidated net investment income rose 37% to $3.6 billion, helped by higher income from fixed maturity securities and loan portfolios due to the higher reinvestment rates.
Uttar Pradesh United States Noor Zainab Hussain American International Group Travelers Companies International Group
Source: yahoo.com

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