American International Group, announced fourth quarter net loss of 5.29 billion U.S. dollars, or 2.08 U.S. dollars per share, the company has about 11.12 billion U.S. dollars a sum of the market value of net unrealized losses before tax expenses.
Comprehensive foreign February 29, American International Group (American International Group) 28 announced fourth quarter net loss of 5.29 billion U.S. dollars, the insurance giant in the credit derivatives market is expected to shrink on a large expenditure.
The company said net loss of 5.29 billion U.S. dollars, or 2.08 U.S. dollars per share, a year ago to 3.44 billion U.S. dollars net income, or 1.31 U.S. dollars per share.
After adjusting the 2007 fourth quarter net loss of 3.2 billion U.S. dollars, or 1.25 U.S. dollars per share. Analysts forecast profit of 60 cents a share.
Fourth-quarter results included a pretax charge of about 11.12 billion U.S. dollars worth of net unrealized losses, the loss of the company's AIG Financial Products Corp. Super-senior credit default swaps related to the investment portfolio. American International Group, said that these did not achieve the reduction does not mean that the market may be beyond the actual loss.
American International Group's shares after the publication of news in after-hours trading fell 3.5 percent.
Comprehensive foreign February 29, American International Group (American International Group) 28 announced fourth quarter net loss of 5.29 billion U.S. dollars, the insurance giant in the credit derivatives market is expected to shrink on a large expenditure.
The company said net loss of 5.29 billion U.S. dollars, or 2.08 U.S. dollars per share, a year ago to 3.44 billion U.S. dollars net income, or 1.31 U.S. dollars per share.
After adjusting the 2007 fourth quarter net loss of 3.2 billion U.S. dollars, or 1.25 U.S. dollars per share. Analysts forecast profit of 60 cents a share.
Fourth-quarter results included a pretax charge of about 11.12 billion U.S. dollars worth of net unrealized losses, the loss of the company's AIG Financial Products Corp. Super-senior credit default swaps related to the investment portfolio. American International Group, said that these did not achieve the reduction does not mean that the market may be beyond the actual loss.
American International Group's shares after the publication of news in after-hours trading fell 3.5 percent.
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