In normal times, these would be considered dismal numbers:
- AIG posted a Q1 net income of -4.4 bn $
- Factoring in "unrealized depreciation" and "fx losses" (both didn't go through the p+l), the loss widens to -7.0 bn $
- And in case you take the view that their additional Q1 tax credits may never be used for lack of future profits, you get -8.2 bn $
But hey, AIG lost 62 bn $ in Q4 alone, so what's another 7 or 8 bn $...
( Previous post on this topic.)