The after-tax loss on these items was $409 million, or $3.78 a share.
In the end, each partner's after-tax losses are estimated at $35 million, said one industry executive.
In 1992 it had an after-tax loss of $70 million.
Without this charge, the company said its after-tax loss would have been $2.6 million.
In 1986 alone, Sears reported a $100 million after-tax loss on the card.
The after-tax loss came during an especially dismal year in the securities industry.
The network suffered a $55 million after-tax loss on its first year of baseball last season.
It also reported after-tax losses of $65 million on some investments, including Enron.
General Re said the sale would result in an after-tax loss of $48.1 million.
But the company said the sale would result in an additional after-tax loss of $95 million.