As many of its competitors were posting modest profits for Q4 of last year, American Insurance Group Inc. reported today that it lost $8.9 billion, or $65.51 per diluted common share, in that same time span.
The good news for AIG is, despite this being the first quarter out of the last three to be in the red, the loss is positive compared to a net loss of $61.7 billion or $458.99 per diluted share in Q4 2008. Additionally, AIG's Q4 2009 adjusted net loss was $7.2 billion, which is a vast improvement over an adjusted net loss of $38.5 billion last year.
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