AIG earns $11 billion in 4th quarter on asset sales

By @ibtimes on

Bailed-out insurer American International Group Inc earned more than $11 billion in the fourth quarter as one-time gains for asset sales offset charges to increase its reserves for asbestos and other exposures.

After taxes and on an operating basis, after stripping out the asset sales, AIG said it lost $2.2 billion in the quarter.

(Reporting by Ben Berkowitz; Editing by Gary Hill)

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