NEW YORK: Battered insurer American International Group Inc. said Thursday its first-quarter loss narrowed and was much smaller than the record-setting loss it posted a quarter ago.
The New York-based insurance giant said it lost $4.35 billion, or $1.98 per share, during the quarter ended March 31, compared with $7.81 billion, or $3.09 per share, during the same quarter last year.
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