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AIG facing higher catastrophe losses, says RBC Capital

RBC Capital keeps an Outperform rating and $70 price target on AIG but the firm also lowers its FY23 EPS view on the stock by 11c to $6.71. The change is due to recent loss events that AIG has exposure to, including the Hawaii wildfires and Typhoons in Asia, the analyst tells investors in a research note.

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