AIG turns to profit in Q3
AIG | Quote | Chart | News | PowerRating -- American International Group, an insurance holding company, has reported a net income attributable to the group of $455 million, or $0.68 per share, for the third quarter ended September 30, 2009, compared with a net loss of $24.5 billion, or $181.02 per share, for the third quarter ended September 30, 2008.
For the third quarter of 2009, loss before income tax benefit was $207 million, compared to a loss before income tax benefit of $28.18 billion for the third quarter of 2008.
Net loss attributable to American International Group (AIG) for the first nine months ended September 30, 2009 was $2.08 billion, or $24.92 per share, versus a net loss of $37.63 billion, or $287.99 per share, for the first nine months ended September 30, 2008.
For the first nine months of 2009, loss before income tax benefit was $5.26 billion, compared to a loss before income tax benefit of $48.2 billion for the same period last year.
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