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A.I.G. Posts Net Income of $3.2 Billion –

¶ The American International Group, the huge insurer that came close to collapsing during the financial crisis before being bailed out by the federal government, said on Thursday that its earnings more than doubled in the first quarter.

¶ A.I.G. reported that its net income, after paying preferred dividends, climbed to $3.2 billion, or $1.71 a share, in the three months that ended March 31. That compares with net income of $1.3 billion, or 31 cents a share, in the same period last year.

via A.I.G. Posts Net Income of $3.2 Billion –

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