Actuary版 - AIG posts $2.4 billion loss on sale, goodwill charges |
|---|
|
|
|
|
|
G*****u
发帖数: 1222 | 1 NEW YORK (Reuters)-- Bailed-out insurer American International Group Inc.
lost more than $2 billion in the third quarter as charges for the discount
sale of its consumer finance unit offset growth in its general insurance
business.
AIG had warned in August that the sale of a majority stake in American
General Finance to Fortress Investment Group would lead to a $1.9 billion
pretax loss. Although the sale price was not disclosed, it was characterized
as a "very small fraction" of the value of the business.
AIG reported a 2010 third-quarter loss of $2.4 billion compared with a year-
earlier profit of $455 million. Besides the American General Finance loss,
AIG also took two charges of more than $1 billion each, for goodwill and tax
items.
Operating results, stripping out extraordinary items and discontinued
operations, came in at a loss of $200 million.
http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20101105/NEWS01/101109946 |
|
|
|
|
|
|
|
