Net loss of $1.8bn for AIG
Losses grow for AIG in Q4 2015 as full year income drops to $2.2bn from $7.5bn in 2014.
AIG has reported a net loss of $1.8bn [£1.2bn] for Q4 2015 compared to a net income of $655m in the same quarter of 2014.
Income also fell to $2.2bn from $7.5b for the full year.
In property and casualty alone the insurer posted a loss of $2.4bn compared to a profit of $935m in Q4 2014.
For the full year it hit a profit of $593m compared to $4.2bn in 2014.
Net premiums written in P&C were $4.6bn, a slight drop from $4.7bn but the combined operating ratio (COR) deteriorated dramatically to 161.5%
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