American International Group Inc. reported net income...

American International Group Inc. reported net income for the third quarter of $542.5 million, or $1.71 a share, up 20.3% over the $451.1 million, or $1.42 per share, in the third quarter of 1993.

New York City-based AIG recently agreed to invest an initial $216 million and up to $432 million in 20th Century Industries, the earthquake-battered Woodland Hills insurance company.

AIG Chairman M. R. Greenberg said of the earnings report: “Our worldwide general insurance business had strong growth and sharply higher earnings; our life insurance business posted excellent results, and our financial services businesses continued to be quite profitable.”