AIG Posts Third-Straight Loss on Hedge Funds; Shares Decline

Updated on
  • Operating profit of 65 cents a share misses analyst estimates
  • Policy sales at commercial P&C decline on Swiss Re deal

AIG Reports Third-Straight Loss on Hedge Fund Declines

American International Group Inc., the insurer that’s shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the value of other investments.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.