American International Group Inc.’s fourth-quarter loss narrowed as the insurance conglomerate benefited from the absence of a year-earlier tax adjustment, the company said in reporting its latest financial results Wednesday. But California wildfires, Hurricane Michael, a charge to bolster claims reserves and lower investment income swung the firm’s closely watched operating earnings to a loss. For the quarter, net investment income slid nearly 20% and caused much of the damage as the New York-based company reported a net...

Source: Wall Street Journal February 13, 2019 21:33 UTC