AIG
American International Group Inc.
Finance/Real Estate, Event Driven/Special Sit
12/18/2013
Presented
| Date | 12/16/2013 |
| Price | $49.73 |
| Market Cap | $73.20B |
| Ent Value | $114.11B |
| P/E Ratio | 10.64x |
| Book Value | $77.69 |
| Div Yield | 0.9% |
| Shares O/S | 1,472.35M |
| Ave Daily Vol | 9,900,000 |
| Short Int | 1.05% |
Current
| Price | $76.98 |
| Market Cap | $49.57B |
| American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The AIG Property Casualty segment offers casualty insurance products that cover general liability, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance; industrial energy-related and commercial property insurance products, which cover exposures to man-made and natural disasters; aerospace, environmental, political risk, trade credit, surety and marine insurance products for small and medium sized enterprises; and various forms of professional liability insurance products. It also provides personal accidental and supplemental health products for individuals, employees, associations, and other organizations; and life products, as well as a range of travel insurance products and services for leisure and business travelers. This segment distributes its insurance products and services through brokers, agents, and direct marketing and partner organizations, as well as the Internet. The AIG Life and Retirement segment offers a suite of products and services to individuals and groups, including term life insurance, universal life insurance, accident and health insurance, fixed and variable deferred annuities, fixed payout annuities, mutual funds, and financial planning. This segment distributes its products through banks, broker-dealers, financial advisors, independent marketing organizations, insurance agents, structured settlement brokers, benefit consultants, and direct-to-consumer platforms. The company also provides private residential mortgage guaranty insurance, and direct investment book services, as well as engages in derivatives intermediary activities. American International Group, Inc. was founded in 1919 and is based in New York, New York. |
Highlights
The presenter is long shares of AIG, believing the stock still has plenty of run left in it after a more than 40% move year-to-date. AIG’s property & casualty insurance business continues to recover, and returns on equity should improve materially as the company deploys capital more efficiently.
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