AIG Reports 3Q Loss As Company Restructures

November 10, 2015 by Cyril Tuohy

AIG reported a third quarter net loss, but the company president said that AIG is moving toward streamlining its operations and positioning itself for long-term competitiveness.

The company blamed the third quarter loss on lower investment income, earnings derived from the value of holdings abroad and a hefty restructuring charge of $274 million.

In August global equity markets dropped after the China reported lower-than-expected growth leading the Chinese government to devalue the currency. Click HERE to view article

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Originally Posted at InsuranceNewsNet on November 3, 2015 by Cyril Tuohy.