Disaster losses of $262m impact AIG profit in Q1
AIG has attributed catastrophe losses within its property and casualty businesses as a major factor in a 27% drop in profit to $1.6bn (£945m) in the first quarter of 2014 compared to $2.2bn in Q1 2013.
After-tax operating income from the company's insurance operations fell 11% to $2.65bn, while the combined operating ratio worsened to 101.2% from 97.3% in the same quarter of 2013.
AIG claimed
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