American International Group: Excellent Book Value Growth, Low Valuation, High Risk/Reward Ratio
- American International Group's share price performance has been disappointing.
- AIG, however, presented respectable book value growth over the last three financial years and exhibited continued momentum in the first six month of 2014.
- Low valuation is still a compelling argument to buy one of the largest insurance companies in the country.
- Higher interest rates could provide tailwinds for AIG's investment income and be a catalyst for higher share prices.