Insurance Post

AIG returns to Q1 profit despite poor COR performance

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Global P&C and life insurer AIG bounced back to profit in the first quarter of 2017 despite some poor underwriting performances.

After tax profits reached $1.19bn (£924m) in Q1 2017 compared with a loss of $183m in Q1 2016 and a Q4 2016 loss of $3bn. The Q1 results were boosted by increased investment income and cost reductions

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