AIG Grows P&C Income 5% in Q1

American International Group grew its pre-tax operating income from property casualty insurance 5% in the first quarter of 2015. Income from those lines rose from $1.1 billion in the first quarter of 2014 to $1.2 billion in the first quarter of this year, according to a statement the company released Thursday. The increase was mainly the result of AIG's underwriting income in its property and casualty business more than doubling from $56 million to $145 million. Meanwhile, its net investment income dropped three points, its net premiums written rose 1% and its net premiums earned declined...