Global insurance conglomerate American International Group swung to a loss for the second quarter driven in part by substantial costs tied to the pandemic as well as losses on the sale of most of its Fortitude Group Holdings stake.

AIG, one of the nation’s biggest sellers of property-casualty insurance to businesses, reported $674m of catastrophe losses, before taxes, in its core General Insurance unit in the most recent quarter. That included $458m of estimated pandemic-related losses and $126m of losses tied to nationwide protests in the wake of the May death of George Floyd in the custody of Minneapolis police.