Insurer American International Group Inc missed analysts’ estimates for third-quarter profit on Friday due to weakness in its life and retirement business. Pre-tax income from the business fell 9% to $646 million as it booked a $143 mln charge related to a review of its actuarial assumption. Excluding the impact from the actuarial review, adjusted pre-tax income at the unit fell 3% due to elevated mortality and lower alternative investment returns, the company said. …read more
Source:: Yahoo Finance
