AIG throws in a clunker, reports surprise $8.8B loss in 4Q
After two successive profitable quarters, the besieged insurer reports a loss of nearly $9B in the fourth quarter.
AIG said Friday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back government loans.
The troubled insurer also said in an annual regulatory filing that it may need additional support from the government. AIG
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