AIG swings to fourth-quarter operating loss
American International Group Inc. late Thursday reported it swung to a fourth-quarter operating loss of $1.3 billion, or $1.10 a share, from an operating income of $1.4 billion, or 97 cents a share, in the year ago period. Operating income is a closely watched metric in the industry that excludes investment gains or losses. The company also reported a net loss of $1.8 billion, or $1.50 a share, compared with a net profit of $644 million, or 46 cents a share, a year earlier. Shares of AIG were mostly unchanged in after-hours trade.
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