AIG (AIG)

AIG said Friday its net income rose to $455 million, or 68 cents per share, an improvement over the $24.5 billion loss from a year earlier. Results included a one-time net charge of $1.5 billion for capital losses and hedging. Sales for the New York-based company rose 189% to $26 billion, topping analysts' forecasts of $23 billion.
The troubled insurer said it continues to benefit from stabilization in the housing and credit markets, but future quarters will continue to be volatile.

Nov 6 · 5:28:00 PM · Source: Company News
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by Larry Etter