NEW YORK (Reuters) - American International Group (AIG) on Thursday posted a profit for the second quarter, thanks to its stake in Asian insurer AIA which helped offset a decline in the operating profit of the heart of activity.
After losing over 6% during a session catastrophic for Wall Street, the title took 3% in after-hours trading before finally changing around the balance.
Supported by a bailout of 182 billion dollars (129 billion euros) during the financial crisis by the U.S. Treasury, which still holds three-quarters of the group's titles, AIG has forgotten a net profit of 1.84 billion dollars, or one dollar per share, after a loss of $ 2.66 billion, or 19.57 dollars per share a year earlier.
Operating profit amounted to 69 cents against 92 cents expected by the consensus Thomson Reuters I / B / E / S.
AIG earned $ 1.52 billion in fair value (fair value) through its participation in the Asian insurer AIA.
The U.S. insurer wished to keep its stake in AIA, which requires the group to dispose of certain assets.
AIG has retained 33% of its subsidiary AIA when lifted last year 17.9 billion dollars (12.8 billion euros) with an IPO in Hong Kong.
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