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AIG Reports Q4 Profit Up Substantially

American International Group (AIG) reported a fourth-quarter profit of $2.71 billion, or $1.03 a share, compared with a net loss of $103.8 million, or 3...
February 18, 2004

American International Group (AIG) reported a fourth-quarter profit of $2.71 billion, or $1.03 a share, compared with a net loss of $103.8 million, or 3 cents a share, in the fourth quarter a year earlier. Revenue for the quarter was $22.18 billion, up 27 percent from $17.53 billion a year earlier. AIG's property-casualty unit reported a swing to a fourth-quarter operating profit of $1.47 billion from a year-earlier loss of $2.04 billion.

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