Insurance Post

Sandy hit AIG reports $4bn Q4 loss

Hurricane Sandy (Image - NASA)

American International Group reported a net loss of $3.4bn for the full year 2012, following a net loss of $4bn for the fourth quarter.

The full year and fourth quarter results reflected a $2bn pre-tax catastrophe loss from Hurricane Sandy ($1.3bn after tax) and a $4.4bn loss on sale from discontinued operations associated with the

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