[$$] AIG Swings to Loss, Hurt by Hedge-Fund Losses
Posted today (2 hours ago)
[at The Wall Street Journal] - AIG, under intense pressure to boost results in its core operations to win over restive shareholders, swung to a first-quarter loss, stung primarily by poor performance in hedge funds and other investments....
[at Financial Times] - AIG, the insurer targeted by activist investors, has put in a third successive unprofitable quarter after hedge fund losses and rock-bottom interest rates again weighed on its investment portfolio. The ...
AIG Reports First Quarter 2016 After-Tax Operating Income of $773 Million or $0.65 Per Diluted Share
Posted today (10 hours ago)
[Business Wire] - American International Group, Inc. today reported after-tax operating income of $773 million, or $0.65 per diluted share, for the first quarter of 2016, compared to $1.7 billion, or $1.22 per diluted share, in the prior-year quarter, reflecting the negative impact of market volatility on investments that totaled $0.48 per diluted share.