AIG earns $11b in Q4 on asset sales

Bailed-out insurer American International Group Inc earned more than USD 11 billion in the fourth quarter as one-time gains for asset sales offset charges to increase its reserves for asbestos and other exposures.

February 25, 2011 / 08:53 IST

Bailed-out insurer American International Group Inc earned more than USD 11 billion in the fourth quarter as one-time gains for asset sales offset charges to increase its reserves for asbestos and other exposures.

After taxes and on an operating basis, after stripping out the asset sales, AIG said it lost USD 2.2 billion in the quarter.

first published: Feb 25, 2011 08:21 am

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