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AIG reports 7.8 billion dollars net loss
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08:07, May 09, 2008

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American International Group reported Thursday a 7.81-billion-dollar net loss in the first quarter.

The net loss was 7.81 billion U.S. dollars, or 3.09 dollars a share, versus net income of 4.13 billion dollars, or 1.58 dollars a share, a year earlier, the insurer said.

The adjusted net loss in the latest quarter was 3.56 billion dollars, or 1.41 dollars a share.

The company also announced plans to raise 12.5 billion dollars by selling new shares, equity-linked securities and fixed-income securities with a large equity component included.


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