Financial Services Industry
Industry: Email Alert RSS FeedAIG restates earnings
Risk & Insurance, June, 2005
American International Group Inc. will restate its financial statements for the years ended Dec. 31, 2003, 2002, 2001 and 2000, the quarters ended March 31, June 30 and Sept. 30, 2004 and 2003 and the quarter ended Dec. 31, 2003, the firm has announced. As a result, shareholders' equity at Dec. 31, 2004 will be cut by about $2.7 billion.
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