More from the AIG conference call


The company will no longer give guidance towards achieving its "aspirational goals" in 2015. Announced a couple of years ago, they included three main legs: Achieving ROE of 10%, returning $25B-$30B in capital, and continued investment to improve the franchise.

Which leg is wobbling, asks analyst Josh Stirling on the CC. It's not that, replies CEO Benmosche. As the time draws closer, the company - knowing regulators are listening closely - needs to be careful about the specificity of what it says. Could the reaching of these goals take somewhat longer than hoped? Yes, says Benmosche.

As AIG sells off, one is reminded of last year's Q3 earnings report. The stock tumbled about 5% that day and even more in the days that followed amid a lot of the same concerns voiced today, i.e. that underwriting isn't improving along with company peers. One year later, the shares are ahead by 60%.

Earlier from CC: AIG needs to make Q4 decision about whether to bring ILFC back on its books.

Presentation slides.

Q3 earnings coverage.

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Comments (3)
  • DeepValueLover
    , contributor
    Comments (11054) | Send Message
     
    AIG is rock solid.

     

    Using a pullback to acquire more shares wouldn't be the worst idea.
    1 Nov 2013, 09:05 AM Reply Like
  • The_Hammer
    , contributor
    Comments (5027) | Send Message
     
    The ILFC asset sale was handled very very poorly. A little more pressure and shakeup in underwriting would be of help.
    1 Nov 2013, 09:54 AM Reply Like
  • BAHAMAS1
    , contributor
    Comments (5094) | Send Message
     
    I'm a Buyer and Holder with Berkowitz of THE FAIRHOLME FUND.

     

    Bought more today on the discount.

     

    Totally fed up with these knee jerk analysts who rush to be 1st to down grade on a qtrly miss and the phonies of cnbc who rush to judgement to make a 5 minute trade.

     

    AIG is not a trading stock. It's an Investment for the long term !
    Let the weak hand sellers leave.
    1 Nov 2013, 04:47 PM Reply Like
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