Speculation is doing the round that American International Group, Inc. (AIG) may sell more assets after announcing deals to divest two units for $51 billion. As a result, the firms shares jumped 11%. AIG advanced $3.06 to $32.16 in New York Stock Exchange composite trading, the highest since November. Theres some chatter on more asset sales coming, said Robert Bolton, Managing Director for trading at Mendon Capital Advisors Corp. Bloomberg reported that Mark Herr, a spokesman for AIG, declined to comment.

American International Group, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2009. The company reported a net loss attributable to AIG common shareholders of $8.9 billion for the fourth quarter of 2009, or $65.51 per diluted common share, compared to a net loss of $61.7 billion or $458.99 per diluted share in the fourth quarter of 2008. Fourth quarter 2009 adjusted net loss was $7.2 billion, compared to an adjusted net loss of $38.5 billion in the fourth quarter of 2008. AIGs General Insurance unit, Chartis, reported a fourth quarter 2009 operating loss before net realized capital gains (losses) of $1.8 billion, due to loss reserve strengthening of $2.3 billion, compared to a $1.7 billion operating loss in the fourth quarter of 2008, which included a $1.2 billion goodwill impairment charge. Domestic Life Insurance & Retirement Services, now branded SunAmerica Financial Group, reported fourth quarter 2009 operating income before net realized capital gains (losses) of $1.0 billion compared to an operating loss of $835 million in the fourth quarter of 2008. The significant improvement reflects continued stabilization of key businesses and improved investment results, particularly in the equity and fixed income markets. Foreign Life Insurance & Retirement Services reported fourth quarter 2009 operating income before net realized capital gains (losses) of $1.1 billion consistent with $1.2 billion in the fourth quarter of 2008. Financial Services reported fourth quarter 2009 operating income before net realized capital gains (losses) and the effect of hedging activities that did not qualify for hedge accounting treatment of $92 million, compared to a $17.6 billion operating loss in the fourth quarter of 2008. AIGFP, which is in the process of winding down its businesses and portfolios, reported operating income of $80 million in the fourth quarter of 2009, compared to a $17.2 billion operating loss in the fourth quarter of 2008 related primarily to the unrealized market valuation losses on its super senior credit default swap portfolio and credit valuation adjustments. The fourth quarter 2009 operating income included $275 million in unrealized market valuation gains on AIGFPs super senior credit default swap portfolio, a favorable credit valuation adjustment of $345 million, partially offset by $529 million of interest charges on inter-company borrowings with AIG that are eliminated in consolidation. ILFC reported a 66.2% increase in operating income to $344 million, compared to income of $207 million in the fourth quarter of 2008, driven primarily by a larger aircraft fleet and lower composite borrowing rates, partially offset by higher depreciation expense and provision for overhauls as compared to the fourth quarter of 2008. ILFC is pursuing potential aircraft sales as one of several options to meet its financial and operating obligations, and continues to review other options, including accessing the capital markets through secured debt financing. AGF reported a fourth quarter 2009 operating loss of $309 million compared to an operating loss of $248 million in the fourth quarter of 2008, resulting from a decline in finance charge revenues reflecting lower average net receivables and a higher provision for loan losses. These variances were partially offset by lower interest expense due to lower average debt balance and lower operating expenses due to management expense reductions across all AGF operations. AGF anticipates that its primary source of funds to support its operations and repay it obligations will be customer receivable collections and additional on-balance sheet securitizations and portfolio sales. Parent Company results in the fourth quarter 2009 included an operating loss before net realized capital gains (losses) of $6.8 billion, compared to an $11.0 billion loss in the fourth quarter of 2008. The $6.8 billion operating loss in the fourth quarter of 2009 included $6.2 billion of interest expense on the FRBNY Credit Facility, which included the accelerated amortization on the prepaid commitment asset. The Parent Company results included the fair value loss on Maiden Lane III in the fourth quarter of 2008, but not in the fourth quarter of 2009 because in May 2009, AIG contributed its equity interest in ML IIIf from Parent Company to noncore business. Noncore insurance business results in the fourth quarter 2009 included an operating loss before net realized gains (losses) of $45 million, compared to a $1.2 billion operating loss in the fourth quarter of 2008. The current quarters results include an underwriting loss in Mortgage Guaranty partially offset by a fair value gain on AIGs interest in Maiden Lane III. Other noncore business results in the fourth quarter 2009 included an operating loss before net realized capital gains (losses) of $406 million, compared to $475 million operating loss in the fourth quarter of 2008. The current quarters results include impairments on proprietary real estate investments and lower base management fees in Institutional Asset Management offset by improved interest income in the MIP. Net realized capital losses declined as a result of an improved credit environment and the adoption of a new accounting standard on other than temporary impairments. For the period, the company reported net loss of $9,010 compared to net loss of $62,556 for the same period a year ago. For the year, the company reported net loss attributable to AIG common shareholders of $10,949 million or $90.48 loss per diluted share and adjusted net loss of $4,983 million or $46.40 loss per diluted share compared to net loss attributable to AIG common shareholders of $99,289 million or $756.85 loss per diluted share and adjusted net loss of $51.6 million or $395.28 loss per diluted share for the same period a year ago. For the year, the company reported net premiums return of $30,664 million and net premiums earned of $32,274 million and net investment income of $3,295 million and pretax operating income of $169 million compared to net premiums return of $35,633 million and net premiums earned of $36,499 million and net investment income of $26,606 million and pretax operating loss of $2,451 million for the same period a year ago. For the year, the company reported net loss of $12,313 compared to net loss of $100,357 for the same period a year ago.

American International Group, Inc. reported earnings results for the fourth quarter of 2009. For the quarter, the company reported net loss of $8.9 billion, or $65.51 a share compares to a net loss of $61.7 billion, or $458.99 a share, in the fourth quarter of 2008. The fourth-quarter 2009 adjusted net loss was $7.2 billion, or $53.23 a share, compared to an adjusted net loss of $38.5 billion, or $287.69 a share, in the fourth quarter of 2008.