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AIG posts $4 billion loss on sale of aircraft unit ILFC

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Published: Thursday, 21 Feb 2013 | 4:09 PM ET

Feb 21 (Reuters) - Insurer American International Group Inc reported a fourth-quarter loss of $4 billion on Thursday on the sale of its aircraft leasing business, ILFC.

AIG posted a net loss of $4 billion, or $2.68 per share, compared with a year-earlier profit of $21.5 billion, or $11.31 per share. On an operating basis, AIG posted a profit of $290 million for the quarter.

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Feb 21- Insurer American International Group Inc reported a fourth-quarter loss of $4 billion on Thursday on the sale of its aircraft leasing business, ILFC. AIG posted a net loss of $4 billion, or $2.68 per share, compared with a year-earlier profit of $21.5 billion, or $11.31 per share. On an operating basis, AIG posted a profit of $290 million for the quarter.

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