AIG profit falls 35 percent as premium income dips

(Reuters) - Insurer American International Group Inc's <AIG.N> quarterly profit fell about 35 percent on lower premium income and higher claims.

Net income fell to $1.98 billion, or $1.34 per share, for the first quarter, from $3.05 billion, or $1.71 per share, a year earlier.

On an operating basis, AIG earned $1.34 per share.

(Reporting by Aman Shah and Anil D'Silva in Bangalore; Editing by Sriraj Kalluvila)