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Actionable news in AIG: AMERICAN INTERNATIONAL GROUP Inc,

AIG Chief's Streamlining Plan Delivers Quarterly Earnings Beat

AIG (AIG) beat Wall Street's profit estimates as CEO Peter Hancock continued executing his plan to simplify the insurance behemoth and return more capital to shareholders amid pressure from activists.

AIG's after-tax operating profit of 98 cents a share in the three months through June compared with an average estimate of 92 cents from analysts in a Bloomberg survey. On a net basis, including tax adjustments, discontinued operations and capital losses, the New York-based company posted net income...


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