Net investment income, which includes results from various units on a bond-dominated portfolio, rose 18 percent to $3.78 billion, according to a supplemental filing on AIG’s website.
Hedge funds contributed $214 million, compared with a loss of $324 million a year earlier. AIG has been reducing those holdings to limit volatility and move into assets that face less-strict capital charges. Profit from private equity fell by more than half to $113 million.
This article was provided by Bloomberg News.