(by Geck Finn)
American International Group (AIG), the world’s largest insurer, said today third quarter profit rose 7.5% on fewer investment losses. Net income rose to $2.51 billion, or 95 cents a share, from $2.34 billion, or 89 cents a share in the year-ago period. Excluding capital gains and losses, EPS was 97 cents a share. Analyst expected 98 cents, according to Thomson First Call. Revenue rose 25.1% to $25.41 billion.