AIG Announces Sale of AIA Group Limited

NEW YORK–(BUSINESS WIRE)–Dec. 16, 2012– American International Group, Inc. (NYSE: AIG) announced today that it has commenced a sale in Hong Kong of up to all of its ordinary shares of AIA Group Limited (AIA) by means of a placing to certain institutional investors. AIG expects to use the net proceeds from the placing of […]

American International Group (AIG) Announces Sale of ILFC

Well, that was fast; talks reported Friday 12/7 agreement announced Sunday 12/9. First the announcement in part: AIG Announces Agreement to Sell up to 90 Percent of International Lease Finance Corporation (ILFC): ILFC Headquarters to Remain in Los Angeles; Existing Management to Operate ILFC NEW YORK–(BUSINESS WIRE)–Dec. 9, 2012– American International Group, Inc. (NYSE: AIG) and […]

Three Positives at American International Group (AIG)

Last week we had three good pieces of news concerning our AIG investment: 1) International Lease Finance Corporation (ILFC) sale discussions underway; 2) The impact of Hurricane Sandy on AIG is very manageable; and 3) Woodbury Financial Services acquisition is completed. International Lease Finance Corporation (ILFC) Sale Discussions Underway: On 12/7/12 Bloomberg reported that a Chinese […]

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) Update

Since the August 3 post on AIG a lot has been accomplished:     The U.S. Treasury conducted two sales of AIG common stock reducing government ownership to 242 million shares or about 16%, down from 92% at its peak. AIG purchased $8 billion of these shares (252 million shares) bringing the year to date […]

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 […]

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 […]