@Yahoo 08/05
AIG profit beats estimates on general insurance, retirement gains
The U.S. insurer posted underwriting income of $463 million in its general insurance business in the quarter, compared with a loss of $343 million a year earlier, when it booked large losses related to the pandemic. The business saw $118 million of catastrophe losses, compared to $674 million in the prior year. Global insurers last year faced a sharp rise in payouts related to the health crisis, but many have now seen a fall in coronavirus-related claims as vaccines roll out.