American International Group Inc. has reported a net loss of $1.348 billion for the fourth quarter of 2015, while net income for full-year 2015 was $2.927 billion.
For the prior-year quarter, net income was $1.371 billion. For full-year 2014, it was $6.63 billion.
AIG’s commercial insurance segment reported a net loss of $2.1 billion in the fourth quarter compared to net income of $1.2 billion in the prior-year quarter. The company said the loss was primarily driven by the previously announced $3 billion charge for adverse prior-year loss reserve development in property and c...
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