AIG profit beats on stronger underwriting in general insurance unit
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(Reuters) - Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business.AIG, one of the largest insurers in the United States, posted an underwriting income of $12 million in its general insurance business for the quarter, compared with a loss of $1.07 billion (824.3 million pounds), a year earlier.Underwriting income is the difference between premiums an insurer collects on..