Vladimír Urbánek (Kurzy.cz)
World markets  |  November 02, 2012 10:03:06

AIG 3Q earned a net profit of 1.86 mld.USD and exceeded market expectations


The world's leading insurance company, American AIG 3Q of this year has seen a marked improvement year on year, while reported net profit of 1.86 mld.USD = $ 1.13 per share compared to a loss last year at 3.99 mld.USD = 2.1 per share. Operating profit excluding non-recurring items amounted to some level of U.S. $ 1 per share, which exceeded market expectations in this regard is set at 87 cents per share.

3Q was 4 profitable quarter in a row. AIG is still the U.S. insurer with the largest share of the state, which had in 2008 and continued to provide direct assistance and guarantees amounting to 182.3 mld.USD. In September, the state sold part of its stake after 20.7 mld.USD and now holds only about 16% of the shares of the insurance company.

U.S. division of life and pension insurance segment gross profit in Q3 compared to 346 889 mill.USD mill.USD in 3Q11.
Income Chartis division, which caters to commercial insurance for real estate and corporate sector and for airlines declined by approximately 3.2% to 8.75 mld.USD. Gross profit was increased to 949 mill.USD compared to 551 million in 3Q11.

The book value of company assets at end-September stood at $ 68.87 per share, compared to $ 60.58 at the end of August.

AIG recorded a growth by 330 mill.USD in the value of mortgages held by the Fed in rímci help the insurance company. Shares in AIA contributed to the profit of $ 527 million. Last AIG 3Q loser on mortgages held by the Fed mill.USD 931 and 2.3 mld.USD of shares in AIA.

Alternative investments division generated a profit in Q3 compared to 276 mill.USD 180 miles, USD a year ago.
Income from private property fell by 53% to 174 mill.USD. Corporate hedge funds vygenerovla profit of 102 mill.USD compared to last year's loss of $ 192 mill.USD. AIG to the end of September held alternative investments totaling 19.3 mld.USD.

AIG is increasing its involvement in the real estate market, when she picked up its investments in this sector compared to 3.04 mld.USD mld.USD 2.92 in 2Q12.

Net unrealized growth bonds ready for sale rose to 23.2 vs. 18.2 mld.USD mld.USD at the end of 2Q12.

Aircraft insurance division recorded a profit in 3Q at 40 mill.USD compared to last year's loss of $ 1.33 mld.USD. Total revenues of the division rose by 2.4% to 1.15 mld.USD.

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AIG ve 3Q vytvořila čistý zisk 1,86 mld.USD a překonala odhady trhu

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