American International Group today said quarterly profit rose 26 per cent, helped by growth in its general insurance and foreign life insurance business.
The New York-based company, the world's largest insurer by market value, said second-quarter net income rose to $2.86 billion, or $1.09 per share, from $2.28 billion, or 87 cents per share, a year earlier.
AIG employs 380 people in its Irish headquarters in Dublin's IFSC.
Excluding changes in the value of its investments, the company said it earned $1.14 per share, up from 96 cents a year earlier.
Revenue rose 20 per cent to $23.8 billion, and net premiums written rose 17 per cent to $10.4 billion.
Operating income at its asset management business rose 41 per cent to $276.5 million.
For several years, the company's insurance operations benefited from the rise in insurance rates that were pushed through by insurance companies after a price war for much of the 1990s. But these increases have begun to level off and even decline in spots.
