American International Group reported net income rose nearly 30 percent in the first quarter compared to the same 2006 period.
The New York-based financial services giant reported net income of $4.13 billion, or $1.58 per diluted share, compared to $3.2 billion, or $1.22 per diluted share, for the first quarter of 2006.
Chairman Martin Sullivan told a conference call this morning that the Domestic Brokerage Group and Foreign General Insurance reported strong growth in operating income on excellent underwriting results.
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