American International Group's profit growth for next year may be less than investors expect because technology investments aimed at reducing costs of handling claims could come in higher than projected, Sterne Agee & Leach analysts say in a new report.
Specifically, the report says that while AIG's property and casualty unit's investments in claims and underwriting technology are benefiting the company's loss-ratio numbers, "we feel continued investments could lead to 2014 expense improvement falling short of some expectations."
In consolidated trading at midday Tuesday, AIG was at $38.97. Its high at mid-day was $39.02, near its 52-week high of $39.90. AIG's 52-week low is $27.10.
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