American International Group reported yesterday a 7.81-billion-dollar net
loss in the first quarter.
The net loss was US$7.81 billion, or US$3.09 a share, versus net income of
US$4.13 billion, or US$1.58 a share, a year earlier, the insurer said.
The adjusted net loss in the latest quarter was US$3.56 billion, or US$1.41 a
share.
The company also announced plans to raise US$12.5 billion by selling new
shares, equity-linked securities and fixed-income securities with a large equity
component included.
