AIG income falls to $3.4bn in 2012

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AIG's net income fell to $3.4bn (£2.23bn), or $2.04 per diluted share, in 2012 compared with $20.6bn, or $11.01 per diluted share, the year earlier.

After-tax operating income was $6.6bn compared with $2.1bn, or $1.16 per diluted share, in 2011.

For the fourth quarter it reported a net loss of $4bn, including after-tax Storm Sandy losses of $1.3bn

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