NEW YORK: Insurer American International Group Inc, which is being sued by US regulators over an accounting scandal, said on Tuesday it had overstated net income for the past five years by US$3.9bil, or 10%.
Following an internal review, AIG finally released a thrice-delayed regulatory filing in which it also cut its net worth through the end of 2004 by US$2.26bil, or 2.7% less than an early May warning of a possible US$2.7bil reduction.
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