AIG reports $6.6bn profit for 2012

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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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