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Financial | Property & Casualty Insurance | USA
AIG swings to loss, hit by catastrophes and volatile market
Excluding realized investment gains and losses and some other items, AIG posted a loss of $559 million, or 63 cents per share, for the fourth-quarter ended Dec. 31, compared with income of $526 million, or 57 cents per share, in the year-ago quarter.
On that basis, Wall Street analysts expected income of 42 cents per share, according to IBES data from Refinitiv.
The company's general insurance unit reported an underwriting loss of $1.1 billion, compared with $846 million a year ago, largely due to Hurricane Michael and the California wildfires.
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https://finance.yahoo.com/news/aig-swing...49744.html
![[Bild: AIGc1dl1713.png]](https://finviz.com/publish/021319/AIGc1dl1713.png)
AIG swings to loss, hit by catastrophes and volatile market
Excluding realized investment gains and losses and some other items, AIG posted a loss of $559 million, or 63 cents per share, for the fourth-quarter ended Dec. 31, compared with income of $526 million, or 57 cents per share, in the year-ago quarter.
On that basis, Wall Street analysts expected income of 42 cents per share, according to IBES data from Refinitiv.
The company's general insurance unit reported an underwriting loss of $1.1 billion, compared with $846 million a year ago, largely due to Hurricane Michael and the California wildfires.
...
https://finance.yahoo.com/news/aig-swing...49744.html
