AIG Posts 9.4% 3rd Qtr. Gain

American International Group Inc. (AIG) declared a 9.4% increase in third-quarter net income from 1999 based on domestic commercial insurance pricing and business. Net income, including net realized capital gains/losses, rose to $1.39 billion, or 60 cents a share, from $1.27 billion, or 54 cents a share the prior year. Operating income, which excludes net realized capital gains/losses, rose 8.2% to $901.5 million, from $833.2 million and revenue rose 15.6% to $11.14 billion, from $9.64 billion. Chairman M.R. Greenberg noted in a statement that AIG's combined ratio was 96.25, compared to ...