メインコンテンツに移動

AIG Post $5 Billion Q4 Loss

NEW YORK - Insurer American International Group (AIG) has posted a fourth quarter loss of $5.3 billion (EUR3.4 billion), after unexpectedly large writedowns on subprime-linked derivatives investments, a capital loss of $2.63 billion amid changes to its investment portfolio, and $643 million of losses to other investments within its financial products division. It is the firm's worst quarterly result since its creation in 1919.

In the same quarter a year before AIG posted a $3.44 billion profit. Although 2007 still saw overall profits of $6.2 billion, the Q4 loss saw annual profits 56% down from $14.05 billion in 2006. AIG has blamed its recent misfortunes on declines in market values.

The firm has announced its internal auditor located the weaknesses in its accounts, with a $4.88 billion writedown on the value of credit default swap derivatives investments for October and November, indicating a December decline in the value on those investments by a further $6.24 billion.

コンテンツを印刷またはコピーできるのは、有料の購読契約を結んでいるユーザー、または法人購読契約の一員であるユーザーのみです。

これらのオプションやその他の購読特典を利用するには、info@risk.net にお問い合わせいただくか、こちらの購読オプションをご覧ください: http://subscriptions.risk.net/subscribe

現在、このコンテンツをコピーすることはできません。詳しくはinfo@risk.netまでお問い合わせください。

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

ログイン
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here