[R]12:10AM New York - American International Group, Inc net premiums written fell 2.2% and net loss was $8.9 billion.[/R]

American International Group, Inc, the insurance company reported fourth quarter net premiums written fell 2.2% to $6.93 billion from $7.09 billion a year ago. Net loss in the quarter was $8.9 billion or $65.51 per diluted share compared to net loss of $62.1 billion or $458.99 per share a year ago.

Net premiums written for the year 2009 fell 13.8% to $30.7 billion from $35.6 billion a year ago. Net loss for the year was $12.2 billion or $90.48 per diluted share compared to net loss of $99.7 billion or $756.85 per share a year ago.

American International Group, Inc (AIG: chart) in the last one year traded as high as $55.90 in August 2009 and as low as $6.60 in March 2009. Based on the yesterday’s closing price of $25.35 the company has market cap of $3.41 billion.