Subscribe
Business

AIG slides to a loss, hurt by Superstorm Sandy

By Alex Veiga
Published
Add Washington Examiner on Google

American International Group lost $4 billion in the last three months of 2012 as the insurer absorbed costs related to damage caused by Superstorm Sandy and the sale of its airplane leasing unit.

AIG posted an operating profit that was better than analysts were expecting, however, and its stock rose in after-hours trading. It was the first financial report for the bailed-out insurer since the government sold off the last of its stake in the company in December.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.