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American International Group, Inc. Message Board

  • kmcmahon38 kmcmahon38 Feb 21, 2013 4:21 PM Flag

    They Lost $4B On the Sale of Aircraft Leasing Company...

    And had an operating profit of $260M in a quarter that experienced the worst hurricane to hit the NYC area in the last 70 years. Company would've earned $1.3 billion last quarter if not for that incident. (Check the P&C losses from the quarterly report). AIG is an absolute monster of a company and the sale of the leasing company is the last "bad news" item the company had to move off the books.

49.82+1.03(+2.11%)Jun 28 4:01 PMEDT