Your comments on ...

Battered by Sandy, AIG posts $4 bn Q4 loss

US insurance giant American International Group on Thursday said it swung into loss in the 2012 fourth quarter, taking a pummeling from superstorm Sandy and a unit sale.US insurance giant American International Group on Thursday said it swung into loss in the 2012 fourth quarter, taking a pummeling from superstorm Sandy and a unit sale. AIG reported a $4 billion net loss in the October-December quarter, compared with $21.5 billion in net income in the year-ago period. Per share, the fourth-quarter loss was $2.68; a year ago it had $11.31 earnings per share.