AIG reported fourth quarter loss of $5.29 billion or $2.08 loss per share compared to net income of $3.44 billion or $1.31 per diluted per share in 2006. For the full year 2007 net loss of $6.20 billion or $5.36 per share. Company guided that 2008 may be a challenging year and more losses are likely as housing market declines. On February 11, AIG had lifted its loss estimate from $1 billion to $5 billion but today it reported nearly twice that amount. |
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