AIG is now off 5.5%, as headline earnings look nice, but core operations less so. The combined...

|By:, SA News Editor
AIG is now off 5.5%, as headline earnings look nice, but core operations less so. The combined ratio for P&C stood at 105 in Q3, down only a hair from 105.9 a year ago (above 100 means the company is paying out more in claims than it receives from premiums). The ratio for Allstate and Travelers showed far greater improvement, with both now in the 90 range, notes KBM's Cliff Gallant, nevertheless raising his PT on AIG to $34 from $31.