GLOBAL INSURANCE: AIG Inc Results Net Income of 2.33 Billion U.S. $

GLOBAL INSURANCE: AIG Inc Results Net Income of 2.33 Billion U.S. $ - NEW YORK: American International Group Inc. posted a net profit of 2.33 billion U.S. $ as at June 2012, or grew 27% compared with same period last year 1.84 billion U.S. $.

AIG operating income including investment worth 1.06 U.S. $ per share, exceeding analysts' estimates of 20 ie 60 cents on the dollar. (photo: businessweek.com).

Earnings growth supported by a subsidiary of Chartists and SunAmerica life insurance unit. General insurance company subsidiaries Chartis profit before tax of U.S. $ 961 million, up from U.S. $ 826 million in the first half of 2011.

Meanwhile, net income of life insurance unit and pension funds SunAmerica U.S. $ 777 million from U.S. $ 766 million.

Stifel Nicolaus & Co analyst Meyer Shields said profit beraih Chartis and SunAmerica missed the previous estimate. However, AIG's financial performance during the first half of 2012 did not come from the company's main business but subsidiary. (Bloomberg / Yus)