NEW YORK: American International Group Inc (AIG) the insurer bailed out by the US government, posted its second straight quarterly profit yesterday, helped by recovery in the value of its investments.
Net profit was US$455 million, (US$1 = RM3.41) compared with a loss of US$24.47 billion,in the year-earlier quarter.
The results included US$1.95 billion in special gains, including from improvement in the value of securities held by AIG Financial Products.
Adjusted profit, excluding realised gains and losses, was US$1.9 billion — Reuters
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