American International Group, first quarter operating loss of credit default losses

The world's largest insurance company American International Group (AIG) 8 published report said that due to credit default swaps and the loan-to-business losses, the first quarter of this year the group loss of 7.81 billion U.S. dollars.

After the earnings release, AIG shares in the New York stock market fell in after-hours trading, its stock rating agency Fitch lowered, and so on.

The first quarter, AIG loss equivalent to 3.09 U.S. dollars per share, a year earlier to 1.58 U.S. dollars per share (a total profit of 4.13 billion U.S. dollars), analysts expected a loss per share of 76 cents a share.

And many other financial services companies, like, AIG in the credit crisis has been severe impact, in the fourth quarter of the group were over 11 billion U.S. dollars of assets write-down.

First quarter of this year, AIG Credit default swaps in the loss reached 9.11 billion U.S. dollars; investment for the loss of 6.09 billion U.S. dollars, mostly from mortgage-backed securities losses mortgage insurance losses 352 million U.S. dollars.