03-08-2016 15:54 via insuranceinsider.com

AIG may be turning a corner: analysts

Analysts welcomed signs of progress on American International Group
(AIG)'s turnaround plans as the insurer beat Wall Street
consensus forecasts in its second quarter results released
yesterday.
Second quarter group operating profits hit $1.1bn, or $0.98 per
share, compared with analyst projections of $0.92 a share.
In January the global insurer unveiled a new tactical strategy
following pressure from activist investors John Paulson and Carl
Icahn, who were pushing for the business to be broken
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