American International Group said it will delay the reporting of its third-quarter results and restate earnings going back to 2001, while estimating its recent catastrophe losses would amount to $1.6 billion.
The New York-based insurer said it plans to file its third-quarter 10-Q financial report with the Securities and Exchange Commission Nov. 14 and hold a conference call the following morning.
AIG said the delay will allow the company to incorporate "corrections to certain errors," most of which were found in previous audits.
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