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The AIG logo is shown above the post where it trades, on the floor of the New York Stock Exchange, Tuesday, Jan. 26, 2016. (AP Photo/Richard Drew)

(Bloomberg) – American International Group Inc., the insurer that’s shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the value of other investments.

The first-quarter net loss of $183 million, or 16 cents a share, compares with profit of $2.47 billion, or $1.78, a year earlier, the New York-based company said Monday in a statement. Operating profit, which excludes some investment results, was 65 cents a share, missing the $1 estimate of 20 analysts surveyed by Bloomberg.

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