BUSINESS
03/28/2008 02:46 am ET | Updated May 25, 2011

AIG Posts $5.29B Loss

American International Group Inc (AIG.N) on Thursday posted its biggest-ever quarterly loss, missing Wall Street expectations after being hurt by a write-down of securities exposed to bad mortgage investments.

The world's largest insurer posted a $5.29 billion loss - the largest in the company's 89-year history.

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