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AIG estimates after-tax losses from Sandy - net of reinsurance - will total about $1.3B, and the...

AIG estimates after-tax losses from Sandy - net of reinsurance - will total about $1.3B, and the company will inject $1B into its U.S. property casualty operations to cover them (total holding company equity is $102.4B). Losses will be reflected in Q4 results. Shares -1.8% AH. (Travelers and Allstate estimates previously) (PR)
Comments (1)
  • nafar
    , contributor
    Comments (217) | Send Message
     
    Can anyone share the cost of investment in ILFC in the books of the company? They intend to sell 90% stake for US$ 5.5B. I have a feeling a substantial profit as AIG has made huge impairment in ILFC investments - probably above 1.7B in 2010 and 2011.
    7 Dec 2012, 07:51 PM Reply Like
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