In a conference call yesterday afternoon, AIG CEO Edward Liddy announced the company’s first quarter 2009 results. And the news was as expected — or worse.
American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion or $1.98 per diluted share, compared to a net loss of $7.81 billion or $3.09 per diluted share in the first quarter of 2008. First quarter 2009 adjusted net loss, excluding net realized capital gains (losses) and FAS 133 gains (losses), net of tax, was $1.60 billion, compared to an adjusted net loss of $3.56 billion in the first quarter of 2008.
The full audio webcast of the call can be accessed here.
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Emily Holbrook is co-editor of Risk Management Monitor and editor of Risk Management magazine, where she has worked since 2008. You can follow her on Twitter @RiskMgmtMonitor.
