American International Group (AIG) shares were up strongly in morning trading on the New York Stock Exchange today after the US insurance giant booked better-than-expected fourth quarter results.
At one stage the rehabilitated company's shares were up more than 5 percent before edging back to trade up 2.66 percent at $38.27 at 1650 GMT.
AIG booked after-tax operating profits of $290mn, or $0.20 a share, for the fourth quarter, despite the impact of after-tax Sandy losses of $1.3bn.
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