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AIG with 2.4 billions USD loses, in spite of assets sales

The rescued by U.S. government insurance company AIG announced a loss of 2.4 billion dollars for the third quarter. This negative result is equal to 17.62 dollars per share, for the same period last year was reported profit of 455 million dollars, or 68 cents a share. The company released a loss during the quarter despite the executed sale of many of its assets worldwide. This indicates that AIG is quite difficult to collect the sum of $ 100 billion, which was given by the U.S. government in the midst of crisis, writes Reuters. The operating results for the third quarter, without taking into account one-off effects, show a loss of $ 200 million, or 1.47 dollars per share. Expectations of analysts was that this indicator will amount to 1.35 dollars per share. Today, shares of AIG lost 0.4 percent to 44.57 dollars a share. Since the beginning of the year, they have increased by nearly 50 per cent. The company realized bad management, which almost turned it to bankruptcy in the top of the financial crisis. AIG is the strongest and largest insurance company in the world, but even this did not helped to the them with Bad Credit Loans insurance.
The company is in bad financial position and a future bankruptcy can cause employment problems to many governments all over the world.