Advertisement
Insurance giant AIG reported a 27 per cent rise
in second quarter profits Thursday as it continued to pay back its
182-billion-dollar bailout to the US government.
The New York City company said it earned 2.33 billion dollars in
the quarter as it saw growth in its insurance operations, investments
and ILFC aircraft leasing business.
"We are proud of what we have accomplished and believe we are
close to achieving our goal of returning to America all that it
provided to AIG during the crisis, plus a profit," said Robert
Benmosche, AIG's President and CEO.
AIG has already paid much of its 2009 bailout back to the US
government, but taxpayers are still the largest shareholders with 61
per cent of the company.
