Net loss of AIG in 2017 went up more than 7 times
Net diluted loss per share amounted to USD 6.54 against USD 0.78 in 2016. Adjusted post-tax profit amounted to USD 2.231 billion with 5.5 times increase year on year.
Based on IV quarter result the company's loss increased by 2.2 times up to USD 6.66 billion. Net diluted loss per share for IV quarter in 2017 amounted to USD 7.33 against USD 2.96 in 2016. At that for IV quarter the company produced adjusted post-tax profit in the amount of USD 526 million against the loss amounted to USD 2.787 billion in 2016.
Quarter result includes USD 6.7 billion payment related to new tax reform established in USA in 2017. At that quarter results were significantly influenced by payments due to natural disasters, the major part (USD 572 million) was related to the recent fire in California.
AIG is one of international leaders on the insurance market, established in 1919. The company serves clients in more than 100 countries all over the world. On the Russian market it has been doing business already for more than 20 years.