AIG Warns of Volatility; Shares Tumble

Stock quotes in this article: AIG  

This gain was mostly due to asset write-ups, but its core insurance business continues to remain weak, with its general insurance operations down 13% in net policy sales.

Regardless, CreditSights' analyst Robert Haine says the report was encouraging, as AIG reported another quarter void of unexpected surprises.

Another positive: the unwinding of AIG Financial Products credit default swaps remains on track.

-- Reported by Jeanine Poggi in New York

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