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Insurance
AIG still owes US taxpayers $102bn

AIG Chief Executive Robert Benmosche: “Our overall strategy remains unchanged.” AIG Chief Executive Robert Benmosche: “Our overall strategy remains unchanged.”

American International Group, the once mighty Wall Street insurer, reported a quarterly net loss due in part to division sales as part of its restructuring and following its government bailout.

 

AIG reported a loss of $2.66bn, or $3.96 per share, in its second quarter, which compares to $1.82bn, or $2.30 a share, from the same period the previous year.

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