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Last $61.00 USD
Change Today -0.11 / -0.18%
Volume 6.3M
AIG On Other Exchanges
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As of 4:15 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

american international group (AIG) Key Developments

American International Group Mulls Acquisitions

American International Group, Inc. (NYSE:AIG) is seeking acquisitions. American International Group announced that it has priced the sale of 10.6 million ordinary shares of AerCap Holdings N.V. (NYSE:AER) by means of an underwritten public offering. Closing of this transaction is scheduled for August 24, 2015 and is subject to customary closing conditions. AIG will receive net cash proceeds of approximately $500 million. After the closing of the sale, AIG will not own any ordinary shares of AerCap. "The sale of our remaining ordinary shares of AerCap marks a further step in our efforts to enhance intrinsic value," said Peter D. Hancock, President and Chief Executive Officer, AIG. "It adds to AIG's financial flexibility and provides us with an opportunity to maximize shareholder value - whether through continued balance sheet optimization and capital management, organic growth investment, or inorganic acquisitions that help us meet our customers' needs."

American International Group Inc. Announces Impairment Charges for the Second Quarter of 2015

American International Group Inc. took a $72 million impairment on its life settlement investments in the second quarter of 2015, which is up 60% from $45 million in impairments for the same quarter a year ago.

American International Seeks Acquisitions

American International Group, Inc. (NYSE:AIG) is seeking acquisitions. Elizabeth Werner, Vice President of IR, American International Group, said, "We consider acquisitions as a potential strategy to build capabilities that meet our customers' needs, enhance our infrastructure, contribute to growth and that are not overly capital intensive." Peter Hancock, President and Chief Executive Officer of American International Group added, "We will be making more modest acquisitions to add capabilities."

American International Group, Inc. Declares Quarterly Dividend, Payable on September 28, 2015

On August 3, 2015, American International Group, Inc.'s Board of Directors declared a 124% increase in the quarterly dividend to $0.28 per share. The dividend is payable on September 28, 2015, to stockholders of record at the close of business on September 14, 2015.

American International Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

American International Group Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported pre-tax income from continuing operations of $2,552 million against $4,480 million a year ago. Pre-tax operating income was $2,868 million against $2,693 million a year ago. Net income attributable to the company was $1,800 million or $1.32 per diluted share against $3,073 million or $2.13 per diluted share a year ago. After-tax operating income attributable to the company was $1,893 million or $1.39 per diluted share against $1,796 million or $1.23 per diluted share a year ago. Income from continuing operations per diluted share was $1.31 against $2.08 a year ago. Return on equity was 6.8% against 11.6% a year ago. Second quarter 2015 operating ROE excluding AOCI and DTA was 9.3%; normalized ROE excluding AOCI and DTA was 6.7% For the six months, the company reported pre-tax income from continuing operations of $6,328 million against $6,753 million a year ago. Pre-tax operating income was $5,395 million against $5,249 million a year ago. Net income attributable to the company was $4,268 million or $1.32 per diluted share against $4,682 million or $2.13 per diluted share a year ago. After-tax operating income attributable to the company was $3,584 million or $2.60 per diluted share against $3,537 million or $2.41 per diluted share a year ago. Income from continuing operations per diluted share was $3.09 against $3.20 a year ago. Return on equity was 8.0% against 9.0% a year ago.

 

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AIG Competitors

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Industry Analysis

AIG

Industry Average

Valuation AIG Industry Range
Price/Earnings 12.0x
Price/Sales 1.3x
Price/Book 0.8x
Price/Cash Flow 11.1x
TEV/Sales 0.5x
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