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AIG posts second consecutive quarterly profit

American International Group Inc , the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments. Net profit was $455 million, or 68 cents a share, compared with a loss of $24.47 billion, or $181.02 a share, in...

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News Stories

Fortunes up at AIG in third quarter

News Source: United Press International | 29 days ago

The U.S. firm with the largest federal bailout package by far, American International Group, said it posted a profit in the third quarter of $455 million. The insurance giant that has received $180 billion from the government also recorded a profit...
AIG down despite posting profit

News Source: The Irish Times | 29 days ago

Net income of $455 million compares with a net loss of $24.5 billion a year earlier on fewer writedowns. But the company slipped $3.76, or 9.6 per cent, to $35.52 today in New York Stock Exchange composite trading. Third quarter property-casualty...
AIG posts profit of $455 million (AFP)

News Source: Xtra News | 29 days ago

Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4 billion dollar loss in the same period last year. The earnings from group, the largest recipient of US...
AIG posts 2nd consecutive quarterly profit

News Source: San Francisco Chronicle | 29 days ago

AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year. More Business American International Group Inc.'s also got a lift from...
AIG Swings To a Third-quarter Profit

News Source: Fox News | 29 days ago

Troubled insurer American International Group Inc. said Friday that it swung to a third-quarter profit of $455 million, or 68 cents a share, from a loss of $24.5 billion, $181.02 a share, in the year-ago period. On an adjusted basis, net income was $...
AIG posts second consecutive quarterly profit

News Source: International Business Times | 29 days ago

American International Group Inc , the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments. Net profit was $455 million, or 68 cents a share, compared...