Reuters

(Reuters)

AIG Earns $11B in 4Q on Asset Sales

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Bailed-out insurer American International Group Inc (AIG) earned more than $11 billion in the fourth quarter as one-time gains for asset sales offset charges to increase its reserves for asbestos and other exposures.

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After taxes and on an operating basis, after stripping out the asset sales, AIG said it lost $2.2 billion in the quarter.