American International Group earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings.
Questions about the sustainability of those profits, and uncertainty about the timing and structure of the U.S. Treasury Department selling its remaining 16-percent stake in the insurance giant, contributed to a drop in AIG shares in after-hours trading, analysts said.
“One of the biggest questions that people ask is the timing of the next offering of the U.S. government and whether AIG will participate in that offering,” said Paul Newsome, an analyst who covers the firm for Sandler O'Neill Partners.
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