AIG into the third quarter, a total of up to 45 billion dollars in asset sales related expenses. Which only consumer credit sector and the sale of American General Finance Corporation a majority stake in pre-tax loss related to the transaction to reach 19 billion U.S. dollars. In addition AIG also plans to sell its AIG Edison Life Insurance Company star life insurance company, and included in the deal with 1.3 billion related to goodwill impairment charge. Deducting the expenses, AIG is still the third quarter loss of $ 200,000,000, $ 1.47 per share.
AIG third-quarter net written premiums grew 7% to 86 billion U.S. dollars. AIG for its core business such as property and casualty insurance, life insurance, retirement services, said with confidence.
During the financial crisis, the U.S. government had provided a total of 182 billion U.S. dollars AIG's financial assistance to avoid bankruptcy which could have a serious impact on the financial system. AIG out of the woods now and gradually stepping up to sell its assets to repay the bailout loans as soon as possible, get rid of "state" of the brand. The end of September, AIG on how to repay the government aid announced specific plans, the company announced earlier this week, through its Asian subsidiary AIA's IPO, and the sale of financing of U.S. life insurance companies, nearly 37 billion U.S. dollars, and plans of these used to repay government assistance funds directly.
AIG Chief Executive Officer of the Moqie Nov. 5 said the group plans to complete by the end of this year to exit the U.S. government investment plan in early 2011 than previously planned in advance.
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