“Higher prices in the insurer’s property-casualty division and gains on investments in its life and retirement division reportedly led to a sharp rise in operating income.
The insurance company’s shares [AIG 35.20 
0.27 (+0.77%) 
] dropped 2 percent following the news after the closing bell. (Click here to get real-time quotes for AIG.)
Earnings excluding items rose to $1.00 per share from a loss of $1.58 per share in the year-earlier period .
Third quarter net income came in at $1.9 billion, compared with a net loss of $4 billion in the same period last year.
Revenue eased 3.3 percent to $8.75 billion from $9.04 billion a year ago.”
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