American International Group (AIG) 1Q15: Management Focused on the Right Things

AIG reported 1Q15 earnings [Source] and it is a good report. Management is focused on improving operating performance and rightly so as this will be the source of future returns for shareholders. Most management teams, the smart ones anyway, tell shareholders that shareholder returns are important to them. However their actions demonstrate if this is […]

American International Group (AIG) 4Q14: A Mixed but Refreshing Report

As we have seen in the past AIG’s earnings report [Source] this quarter was a mixture of good and bad news. It can be characterized as a quarter of “housekeeping” where the company takes hits in an effort to move forward with a clean slate. Reflecting on the new CEO Peter Hancock’s first two quarters at […]

American International Group (AIG) 3Q14 Update

American International Group (AIG) reported 3Q14 earnings [Source]. This is CEO Peter Hancock’s first earnings report following his promotion effective September 1, 2014. He summarizes the quarter this way: “The solid third quarter results were driven by consistent performance across our businesses. While no one quarter is a trend, our risk-adjusted return focus could be […]

American International Group (AIG) Reports 2Q14 Results; Thank you Mr. Benmosche!

American International Group (AIG) reported 2Q14 earnings [Source]. This is CEO Robert Benmosche’s last earnings report as he retires and assumes an advisory role with the company effective September 1, 2014. Under Bob Benmosche’s leadership AIG has recovered from its near collapse and has made amazing progress bringing focus back to the core insurance businesses, […]

A New Chapter for AIG

Robert Benmosche, CEO of AIG was confident that the sale of International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. would close:  “we’re very confident that this transaction will in fact close in the second quarter.” His confidence was well placed. On May 14, 2014 AIG announced it had completed the sale [Source] for $3.0 billion […]