NEW YORK (AP) — American International Group Inc. said Thursday that its third-quarter net income rose 17 percent as its core insurance business improved.

But its property and casualty unit still paid out more in claims than it took in, and its shares fell in after-hours trading.

The company earned $2.17 billion, or $1.46 per share, for the quarter that ended Sept. 30. That was up from $1.86 billion, or $1.13 per share, during the same period a year earlier.

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