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NU Online News Service, Aug. 6, 12:20 p.m. EDT

American International Group (AIG) reported a 2010 second quarter net loss of $2.7 billion, which the company said was primarily due to a $3.3 billion goodwill impairment charge.

Robert Benmosche, the New York-based insurer’s chief executive officer said in recorded comments that the impairment was taken to write off the goodwill that had been allocated to life unit ALICO, which is being sold to MetLife for $15.5 billion. Mr. Benmosche said he expects that deal to close later this year.

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