American International Group Inc. late Monday estimated that its pretax catastrophe losses net of reinsurance will reach $2.9 billion to $3.1 billion in the third quarter. The total includes losses of $1.1 billion to $1.2 billion from Hurricane Harvey, $1 billion to $1.1 billion from Hurricane Irma, and $600 million to $700 million from Hurricane Maria. The insurer also expects about $150 million in additional catastrophe losses from Mexico earthquakes. AIG is scheduled to announce third-quarter results on Nov. 2. Analysts surveyed by FactSet are projecting the company to report earnings of 22 cents a share. AIG shares are flat in the extended session after closing down 0.8% to $61.78.
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