AIG profit soars as investments gain

AIG jumped 3.8% to $38.70. Operating profit was 20 cents a share, beating the average estimate for a loss of 8 cents in a Bloomberg survey of 17 analysts.

The net loss was $3.96 billion, driven by claims from superstorm Sandy and costs tied to a deal to sell the plane- leasing unit, New York-based AIG said yesterday in a statement.

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