AIG reports $6.6bn profit for 2012
AIG has delivered a $6.6bn [£4.33bn] post-tax operating profit for 2012, up considerably from the $2.1bn achieved the year before.
The provider revealed the figure came despite pre-tax catastrophe losses of $2bn due to Superstorm Sandy.
For the final quarter of 2012 alone it reported an after-tax operating profit of $290m, although it posted a net loss overall of $4bn due to a $4.4bn loss on the sale of discontinued operations (International Lease Finance Corporation).
By division, for the fourth quarter the American giant delivered an operating loss of $945m in AIG Property Casualty.
The Q4 combined ratio was 125.1%
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