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AIG has doubled its profits

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Magazine Issue: 
The moment of truth [3]
Magazine date: 
May 2012

AIG has posted net profits amounting to 17.8 billion USD in 2011, compared to 8 billion USD in 2010. This performance has been achieved thanks to the cancellation of some reserves for future asset taxation of 16.6 billion USD. AIG exhibited 1.8 billion USD of operational profits while its turnover declined considerably at 64 billion USD (-20%). AIG has been strained by the natural catastrophes which occurred in 2011 up to 3.3 billion USD.

Wed, 10/04/2013 - 14:51

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