AIG Returns to Profit In 2003 Fourth Quarter
NU Online News Service, Feb. 11, 4:12 p.m. EST?
However, AIG's 2003 fourth-quarter results included losses of $76 million related to its investment in Parmalat, the collapsed Italian food conglomerate.
The New York-based AIG noted that its general insurance unit swung to an operating profit of $1.47 billion for the 2003 fourth quarter, in contrast to a loss of $2.04 billion one year ago, as premiums rose 27 percent to $9.16 billion.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
