American International Group Fourth Quarter Earnings Call
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 12:32 PM EST March 05 2008
The insurer reported a net loss of $5.3 billion or $2.08 a share, from a profit of $3.4 billion or $1.31 a share in 2006 as a number of businesses were adversely affected by their exposure to the domestic residential real estate market. Rapid deterioration in the U.S. residential, real estate and credit markets significantly affected several of the operations and investments.
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