American International Group (AIG) 4Q12 Results: What a Year

American International Group (AIG) reported 4Q12 earnings on February 21, 2013 [Source]; the results beat Wall Street expectations although the company did not meet all of its performance targets. However, it was an outstanding year showing progress on many fronts and demonstrating the earnings power that will provide shareholder returns for years to come. Bob Benmosche, […]

American International Group (AIG) Reports 3Q12 Results

American International Group (AIG) reported 3Q12 earnings on November 1, 2012. It was a solid report but near term changes in AIG’s regulatory status and insurance operations may be causing undue concern for some. Beyond the noise our investment thesis remains on track and our margin of safety has improved. The share price dropped after the […]

American International Group (AIG) Reports 2Q12

American International Group (AIG) reported 2Q12 earnings after the market close 8/2/12 and held their conference call on 8/3/12. It is an excellent report and our investment thesis remains on track and is ahead of schedule. You will recall our investment thesis is centered on the recapitalization of the company since the financial and credit […]

Continued Good news on AIG

On May 4 The Federal Reserve Bank of NY (FRBNY) announced it is seeking bids for additional Maiden Lane III assets, called Triaxx CDOs, in response to inquiries from interested buyers. Nine broker-dealers were invited to compete for the Triaxx CDOs held within the Maiden Lane III portfolio according to a statement on the FRBNY website. […]

American International Group (AIG) Report for 1Q12

American International Group (AIG) reported earnings after the market close 5/3/12. It is an excellent report as our investment thesis remains on track complimented with strong support from a significant improvement in ongoing core insurance operations. Our thesis is AIG’s management is showing significant progress recapitalizing the company.  We estimate an intrinsic value of about […]

American International Group, Inc. Thesis

American International Group, Inc. (AIG): American International Group, Inc. (AIG) is a leading international insurance company serving customers in more than 130 countries. AIG serve commercial, institutional, and individual customers through extensive worldwide property casualty networks. They are leading providers of life insurance and retirement services in the United States. AIG common stock is listed […]