NEW YORK (

TheStreet

) --

American International Group

(AIG) - Get Report

was among the winners of the financial sector Thursday following a report the insurer has received payments from banks related to credit-default swaps it sold to guarantee debt linked to subprime mortgages.

AIG

was lately up $1.02, or 2.9%, to $36.35 after the

Wall Street Journal

reported the insurer is receiving back some of the billions it paid out to Wall Street banks last year on souring trades related to credit-default swaps.

Billions of dollars have flowed from banks back to AIG in recent months, the

Journal

reported, citing people familiar with the matter. For the second quarter, the figure may have topped $3 billion, the report said, adding that

Goldman Sachs

(GS) - Get Report

has sent AIG as much as $1 billion.

Other insurers were also trading higher.

MetLife

(MET) - Get Report

was higher by 4% at $35.54 ahead of its quarterly earnings report after Thursday's close.

Hartford Financial

(HIG) - Get Report

added 6.5% to $24.77.

Meanwhile,

Lincoln National

(LNC) - Get Report

surged 10.7% to $24.63, after it posted earnings late Wednesday that topped the Thomson Reuters' average analysts' estimate.

Aflac

(AFL) - Get Report

climbed nearly 4% to $42.18 after it reported adjusted third-quarter earnings of $1.25 a share, beating the consensus target of $1.20 a share.

Several other financial stocks were trading off of their quarterly results.

CME Group

(CME) - Get Report

fell by 2% to $301.77 despite reporting third-quarter earnings that beat the Thomson Reuters' average analysts' estimate by six cents a share. On the other hand,

Cincinnati Financial

(CINF) - Get Report

rose 1.4% to $25.50 after it posted a profit of 59 cents a share, easily beating Wall Street's consensus profit view of 42 cents a share.

Most other bank stocks were trading higher Thursday.

Citigroup

(C) - Get Report

gained 3.4% to $4.22,

Morgan Stanley

(MS) - Get Report

rose 2.4% to $33.08,

Bank of America

(BAC) - Get Report

added 2.2% to $15.34,

Wells Fargo

(WFC) - Get Report

was up 1.9% to $27.98 and

JPMorgan Chase

(JPM) - Get Report

was higher by 1.5% to $43.33

-- Written by Robert Holmes in New York

.

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