American International Group
posted third-quarter earnings that matched analysts' expectations, amid strong sales growth in its general and life insurance businesses.
The insurance and financial services company reported income of $1.41 billion, or 61 cents a share, excluding capital losses, up from $1.23 billion, or 53 cents a share, in the year-ago quarter. According to
, Wall Street was looking for the company to earn 61 cents.
Revenue for the quarter rose 15.6% to $11.14 billion from $9.64 billion a year ago. Worldwide general insurance net premiums written increased 8.1% to $4.29 billion.