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Actionable news in AIG: AMERICAN INTERNATIONAL GROUP Inc,

Consumer insurance, cost cuts boost AIG's operating profit

Aug 2 (Reuters) - American International Group Inc, the largest U.S. commercial property and casualty insurer, reported a 10.4 percent rise in quarterly operating profit, helped by strength in its consumer insurance business and cost cuts.

Operating earnings attributable to AIG was $1.45 billion, or $1.53 per share, in the second quarter ended June 30, compared with $1.31 billion, or $1.15 per share, a year earlier.

Pre-tax operating profit in the company's consumer insurance business rose 33 percent to $1.26 billion...


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