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AIG releases Q1 2005 profit statement

American International Group (AIG), which has been in the headlines since October 2004 following allegations of business malpractice from New York Attorney General Eliot Spitzer, has filed its Quarterly Report for the period ending March 31, 2005 with the Securities and Exchange Commission.

In addition AIG has also filed a Form 10-Q/A restating its first quarter results for the years 2004 and 2003.

First quarter 2005 net income was $3.68bn, compared to $2.56bn in the first quarter of 2004

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