AIG profit falls 35 pct as premium income dips

Thu May 2, 2013 4:09pm EDT

May 2 (Reuters) - Insurer American International Group Inc's quarterly profit fell about 35 percent on lower premium income and higher claims.

Net income fell to $1.98 billion, or $1.34 per share, for the first quarter, from $3.05 billion, or $1.71 per share, a year earlier.

On an operating basis, AIG earned $1.34 per share.

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