iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

$AIG Smashes Estimates Posting $0.20 vs Expectations of -$0.08

“AIG Reports Fourth Quarter Operating Income of $290 Million, Including After-Tax Storm Sandy Losses of $1.3 Billion; Fourth Quarter Net Loss of $4.0 Billion

  • Fourth quarter net loss reflects $4.4 billion net loss on sale from discontinued operations (International Lease Finance Corporation)
  • Book value per share, excluding accumulated other comprehensive income (AOCI), of $57.87, up 15.5 percent for the year
  • Remaining AIA shares sold for $6.5 billion and a realized gain of $240 million
  • Department of the Treasury sells last of its AIG shares…”
  • Full report
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