NEW YORK (AP) — American International Group said Thursday that its first-quarter net income fell 31 percent from a year earlier, when the insurer benefited from $3.3 billion in investment income.
The company, which came close to collapsing during the financial crisis before being bailed out by the federal government, said net income totaled $2.2 billion, or $1.49 per share, for the three months ended March 31. That compares with $3.2 billion, or $1.71 per share, in the prior-year quarter.
The 2012 results included $3.3 billion in pre-tax income from investments in funds that were sold or liquidated last year.
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