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They Should have Stayed in Bed · 2009-03-02

Today American International Group, Inc. (AIG), the former big player among American insurances, filed it's 2008 annual reports at the U.S. Securities and Exchange Commission (SEC). 99,289 Million $ loss in 2008! Goodness Gracious Me! But wait above the table it says:

The Selected Consolidated Financial Data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated financial statements and accompanying notes included elsewhere herein.

Well that really appeases us, doesn't it? Calmed as I was I took the time to collect the annual net income of the last twenty years from the SEC reports, to sum them up and see how AIG performed in the long run. Here is the result: 20 Years of American International Group, Inc. Performance - Cumulated Net Income since 1989

American International Group, Inc. - 20 Years of Perfomance

... they should have just stayed in bed.

(credits to

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