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11/8/10

Insurance Industry: AIG Posts $2.4 Billion As Asset Sales Pick Up

AIG posted a $2.4 billion third-quarter loss Friday as it continued to divest business units, write down assets and repay bailout loans from the U.S. government.The insurer loss of $2.4 billion loss, or $17.62 per share, compares with a profit of $455 million, or 68 cents per share, in the third quarter of 2009.

For More: AIG Posts $2.4 Billion As Asset Sales Pick Up - Forbes.com

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