AIG beats despite commercial insurance drag

AIG reported an increase in second quarter operating profit and
a comfortable beat of Wall Street forecasts in its first reporting
period with new president and CEO Brian Duperreault at the
helm.
Profit climbed 10 percent to $1.45bn at the group level, or
$1.53 a share, comfortably ahead of the $1.15 a share reported in
the prior-year period and the $1.20 consensus of 20 analysts polled
by MarketWatch.
But pre-tax profit in commercial insurance dropped 24 percent to
$716mn, as...