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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
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T&T Capital Management
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T&T Capital Management Blog
  • AIA Group 1st Quarter Value Of New Business Increases 27%-Bloomberg 0 comments
    Apr 20, 2012 10:32 AM | about stocks: AIG

    AIA Group Ltd (1299) continues to profitably grow in Asia. As disposable incomes rise it is very likely that the insurance industry will experience a long and fast growth trajectory in Asia and other emerging markets. American International Group Inc. (NYSE:AIG) still owns about 19% of AIA and it will be interesting to see if they divest the rest of their stake or if they hold onto it. I'm sure they'd love to hold on to it, but if they have the opportunity to sell it and in turn buy back their own stock at 50-60% of tangible book value, I think they obviously would do better for shareholders with the buyback.

    http://www.bloomberg.com/news/2012-04-19/aia-group-first-quarter-value-of-new-business-increases-27-.html

    Disclosure: I am long AIG.

    Stocks: AIG
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