The insurer and financial services provider American International Group has introduced a profit of $ 455 million in the third quarter, earnings per share of $ 0.68, which remains well below market expectations. Adjusted EPS reached $ 2.85.
In the third quarter of 2008, the group had recorded a loss of 24.47 billion dollars, which had propelled the brink of bankruptcy.The U.S. State then had paid nearly 180 billion dollars in aid, partly through loans to save a world leader in insurance.
The statement said that the derivatives portfolio of AIG Financial Products was reduced by 13% compared to 1300 billion as at June 30, 2009.
The summer rally that propelled the markets to their highest annual will not rise enough to make sufficient investment value of the group, as falling from 10% to $ 35 in trade pre-market trading.