13.02.2015 - American International Group reduced its net profit
American insurance company American International Group, announced the fall in net profit in Q4 2014 to 655 million dollars against $ 2 billion for the same period of the previous year. Operating profit fell to 1.37 billion dollars, that is 300 million less than last year. At the moment, the company changed its strategy and considers insurance only from two sides - the consumer and the business. At the same time, it is worth noting the growth of revenue from cyber security risks. Given the company's leading position on the market we maintain a positive outlook and expect growth of quotations by 15% till the end of 2015.