QUOTE AND NEWS
Benzinga  Feb 16  Comment 
Evercore ISI expects American International Group Inc (NYSE: AIG) to miss its current accident year loss ratio guidance for 2017 and suggests the insurer may consider management changes or divestitures. The comments came after a $5.6 billion...
Benzinga  Feb 15  Comment 
A $5.6 billion reserve charge led American International Group Inc (NYSE: AIG) to report a bigger loss of $3.04 billion for its fourth quarter, and Deutsche Bank believes the multi-billion dollar charge reflects weakness in the insurer’s...
Financial Times  Feb 15  Comment 
Insurer’s $3bn quarterly loss raises fresh concerns about group’s recovery efforts
Insurance Journal  Feb 15  Comment 
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability. The net loss widened to $3.04 billion, or...
Yahoo  Feb 15  Comment 
Shares of the company, which also raised its share buyback program by up to $3.5 billion, were down 4.5 percent in after-hours trading on Tuesday. Much of the loss was due to the reserve charge for long-term risks on U.S. commercial insurance...




 

After its excessive risk-taking necessitated a dramatic bailout from the federal government, AIG is finally poised to be returned to common shareholders. Though still a major presence in property-casualty and life insurance, the new AIG will be a smaller insurance organization, having shed a good deal of its global growth potential. AIG has no economic moat, in our opinion, and the onetime insurance leader will have a difficult time returning to its former dominant position. AIG is still one of the largest insurance and financial services firms in the world, even after disposing of its Asian insurance subsidiaries. It operates through a wide range of subsidiaries that provide general insurance, life insurance, and other financial services. The government has started selling its shares in 2011, and ownership will eventually be returned to common equity shareholders.

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