Part of AIG's plan for restructuring and to repay taxpayers includes the sale of certain assets, some of which showed up on the balance sheet during the third quarter as losses and impairment charges.

AIG took a $1.9 billion loss on its pending sale of American General Finance, and took two separate charges of $1.3 billion for deferred taxes and a goodwill impairment charge related to the pending sales of AIG Star Life Insurance Co. and AIG Edison Life Insurance Company to Prudential Financial Inc.

The sales will go toward repaying taxpayers. Earlier this week, the company said it raised enough money from its sale of American Life Insurance Company to MetLife Inc. and an initial public offering of AIA Group Ltd. in Hong King to repay a line of credit with the Federal Reserve Bank of New York (FRBNY).

With the third-quarter statement, AIG said it plans to complete a sale of Nan Shan Life Insurance Company within a year. A previously announced sale was not approved by regulators in Taiwan.

President and Chief Executive Officer Robert H. Benmosche said AIG will continue its "aggressive plan to close pending transactions in order to repay the FRBNY in full and provide for the exit of U.S. Treasury ownership over time."

The American General Finance sale should close later this year, and the sale of Star and Edison should close early next year, he said.

Mr. Benmosche said payment of debt to the FRBNY will "trigger an accelerated amortization of the balance of the prepaid commitment fee asset, which stood at $4.7 billion at Sept. 30."

Continued insurance operations remain strong, AIG said, leading to an adjusted net loss for the third quarter of $200 million.

Chartis recorded $1.1 billion in operating income, which includes underwriting profit, investment income and realized capital gains, compared with $719 million during the 2009 third quarter. The combined ratio improved to 99.3 from 105.2 a year ago.

A decline in investment income led to SunAmerica Financial Group posting $978 million in third-quarter operating income compared with $1.2 billion during the same period last year.

"Of utmost importance is the continued stabilization and strengthening of AIG's continuing businesses," Mr. Benmosche said.

AIG continues to unwind AIG Financial Products, the unit in charge of the credit default swaps that were blamed for the company's downfall. Financial Products reduced its derivative portfolio by 46 percent to $505.8 billion at Sept. 30 from $940.7 billion as of the end of last year.