QUOTE AND NEWS
MarketWatch  9 hrs ago  Comment 
Regulators on Wednesday gave three of the biggest U.S. financial firms, American International Group Inc., , General Electric Capital Corp. and Prudential Financial Inc. an additional five months to submit their living-will plans. The plans,...
Forbes  Feb 17  Comment 
During the quarter, the company recorded a loss on extinguishment of debt of $824 million on an after-tax basis. Reductions in workers' compensation discount as well as adverse prior year reserve development led the company's operating income for...
Insurance Journal  Feb 17  Comment 
American International Group announced the opening of four new branches in the Sultanate of Oman. They are to be located in Nizwa, Ibri, Salalah and Sur, and “will allow AIG to further expand its business in the Sultanate where it … The...
SeekingAlpha  Feb 17  Comment 
TheStreet.com  Feb 13  Comment 
NEW YORK (TheStreet) -- Shares of American International Group are rebounding in morning trading today, up 1.37% to $53.17 although the company reported fourth quarter earnings and revenue yesterday that failed to meet analysts' expectations....
Insurance Journal  Feb 13  Comment 
American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share in … The article AIG...
MarketWatch  Feb 12  Comment 
American International Group Inc. said Thursday it had net income of $655 million, or 46 cents a share, in the fourth quarter, down from $2.0 billion, or $1.34 a share, in the year-earlier period. Excluding special charges, the company said it...




 

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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