{"id":281482,"date":"2011-02-24T23:17:23","date_gmt":"2011-02-24T23:17:23","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/02\/24\/aig-profit-lifted-by-asset-sales\/"},"modified":"2011-02-24T23:17:23","modified_gmt":"2011-02-24T23:17:23","slug":"aig-profit-lifted-by-asset-sales","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/02\/24\/aig-profit-lifted-by-asset-sales\/","title":{"rendered":"AIG profit lifted by asset sales"},"content":{"rendered":"

\n \t\t
\n 24 February 2011<\/span>
\nLast updated at <\/span>18:17 ET<\/span>
\n<\/span><\/p>\n

American International Group (AIG), the troubled giant US insurer, has said it earned $11.18bn (\u00a36.93bn) in the fourth quarter, compared with a year-earlier loss of $8.87bn.<\/p>\n

But taking out gains from asset sales it lost $2.21bn on an operating basis, from a $1.34bn loss a year previously.<\/p>\n

It also said it was to look at a further sale of its shares this year.<\/p>\n

The Treasury currently owns 92% of AIG, after stepping in to bail out the firm and prevent its collapse in 2008.<\/p>\n

The total bail-out package has amounted to $182bn.<\/p>\n

“We completed several key restructuring milestones in the quarter,” AIG’s chief executive, Robert Benmosche, said in a statement.<\/p>\n<\/p><\/div>\n<\/p>\n

More:
\nAIG profit lifted by asset sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

24 February 2011 Last updated at 18:17 ET American International Group (AIG), the troubled giant US insurer, has said it earned $11.18bn (\u00a36.93bn) in the fourth quarter, compared with a year-earlier loss of $8.87bn. But taking out gains from asset sales it lost $2.21bn on an operating basis, from a $1.34bn loss a year previously. It also said it was to look at a further sale of its shares this year<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-281482","post","type-post","status-publish","format-standard"],"yoast_head":"\nAIG profit lifted by asset sales - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/02\/24\/aig-profit-lifted-by-asset-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"AIG profit lifted by asset sales - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"24 February 2011 Last updated at 18:17 ET American International Group (AIG), the troubled giant US insurer, has said it earned $11.18bn (\u00a36.93bn) in the fourth quarter, compared with a year-earlier loss of $8.87bn. 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