Insurer AIG posts large loss on bad mortgage bets (Reuters) Posted on August 7th
AIG said its second-quarter net loss was $5.36 billion, or
a loss of $2.06 a share, compared with net income of $4.28
billion, or $1.64 a share, a year ago. It had an adjusted net
loss of 51 cents a share. Analysts, on average, had forecast a
profit of 46 cents a share, according to Reuters Estimates.