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) --

American International Group

(AIG) - Get American International Group, Inc. 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.


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


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 Goldman Sachs Group, Inc. Report

has sent AIG as much as $1 billion.

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Other insurers were also trading higher.


(MET) - Get MetLife, Inc. Report

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

Hartford Financial

(HIG) - Get Hartford Financial Services Group, Inc. Report

added 6.5% to $24.77.


Lincoln National

(LNC) - Get Lincoln National Corporation Report

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


(AFL) - Get Aflac Incorporated 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 CME Group Inc. Class A 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 Cincinnati Financial Corporation 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.


(C) - Get Citigroup Inc. Report

gained 3.4% to $4.22,

Morgan Stanley

(MS) - Get Morgan Stanley Report

rose 2.4% to $33.08,

Bank of America

(BAC) - Get Bank of America Corp Report

added 2.2% to $15.34,

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

was up 1.9% to $27.98 and

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

was higher by 1.5% to $43.33

-- Written by Robert Holmes in New York


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