Bailed-out insurance giant American International Group (AIG) said on Friday that it posted a third-quarter net loss of $2.4 billion, or $17.62 a share, as several large restructuring-charges totaling $4.5 billion offset growth in its insurance business. A year ago, the company earned $455 million, or 68 cents a share in the third quarter.
AIG, as it previously disclosed, said the sale of a…
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AIG Earnings Hit by Massive Charges originally appeared on DailyFinance on Fri, 05 Nov 2010 08:11:00.
Filed Under: Company News, Earnings, American International Group, Stocks in the News