AIG fourth-quarter earnings miss estimates on low rates, refinancing

By Luciana Lopez NEW YORK (Reuters) - American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results. Analysts on average had expected earnings of $1.05 per share in the fourth quarter, according to Thomson Reuters I/B/E/S. On an operating basis, the company earned $1.4 billion, or $0.97 per share. "Workers compensation partly relates to lower interest rates.