Copying and distributing are prohibited without permission of the publisher
Update: “Survivor” AIG posts 2nd straight profit
06 November 2009
The rehabilitation of AIG, the insurer bailed out by the US government, continued as it posted its second consecutive quarter of profits, helped by the stabilisation of credit markets.
Read more:
AIG
American International Group
quarter
profits
Benmosche
credit markets
The rehabilitation of American International Group, the insurer bailed out by the US government, continued as it posted its second consecutive quarter of profits, helped by the stabilisation of credit markets.
Net profit was $455m, or $0.68 a share, compared with a loss of $24.47bn in the same quarter in 2008.
The result follows a profit of $1.8bn in the last quarter, which was the first quarterly profit AIG had posted since the third quarter of 2007.
However, in many...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.