American International Group Inc., the bailed-out insurer, posted its biggest loss since 2009 on declines in the value of mortgage investments, planes at its aircraft-leasing unit and a stake in a former Asian subsidiary.
The third-quarter net loss widened to $4.11 billion, or $2.16 a share, from $2.52 billion, or $18.53, a year earlier when there were fewer shares outstanding, according to a statement today from the New York-based company. The operating loss, which excludes some investment results, was $1.60 a share. The average estimate of 12 analysts surveyed by Bloomberg was a loss of 30 cents a share.
via AIG Posts Loss on Writedowns Tied to AIA, Mortgage-Bond Decline – Businessweek.
