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Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Wed, Oct 10, 2012 • 131 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Wed, Oct 3, 2012 • 130 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Sep 6, 2012 • 115 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Jul 12, 2012 • 52 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Mon, Feb 13, 2012 • 73 Comments
The Rules, Part XXVII, And, Seeming Cheapness Vs. Margin Of Safety
David Merkel • Thu, Dec 29, 2011 • 3 Comments
Is AIA Group Bruce Berkowitz's Next Big Stock Pick?
NakedValue • Thu, Mar 10, 2011 • 1 Comment

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Is AIA Group Bruce Berkowitz's Next Big Stock Pick?
NakedValue • Thu, Mar 10, 2011 • 1 Comment

Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Wed, Oct 10, 2012 • 131 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Wed, Oct 3, 2012 • 130 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Sep 6, 2012 • 115 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Jul 12, 2012 • 52 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Mon, Feb 13, 2012 • 73 Comments
The Rules, Part XXVII, And, Seeming Cheapness Vs. Margin Of Safety
David Merkel • Thu, Dec 29, 2011 • 3 Comments

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Company Description

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Sector: Financial

Industry: Property & Casualty Insurance

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Monday, December 17, 2012, 3:35 PM AIG prices the sale of its remaining 1.65B shares of AIA Group at HK$29.65 to HK$30.65. The mid-point of that range would be a 4.6% discount to what the stock was last trading at (AIA was halted in HK last night before the open). The pink sheet version (AAGIY.PK) is off 3.1%. AIG - with another $6.5B maybe to put towards buybacks - is up 2.6%. (PR) Comment! [Financials, On the Move]
Thursday, October 11, 2012, 3:53 AM ING's (ING) divestment of global assets to meet EU directives continues apace as the Dutch bank confirms that it's selling its Malaysian life-insurance operations to Hong Kong's AIA Group, with the deal worth €1.3B and providing ING a net gain of €780M. ING is now continuing the process of selling other Asian insurance and investment management businesses. (PR) Comment! [Top Stories, Financials, M&A]
Wednesday, October 10, 2012, 6:02 AM AIA Group agrees to acquire ING's (ING) Malaysian insurance unit for $1.5B-$1.7B, Reuters reports, adding that an announcement could be made tomorrow as long as last-minute regulatory approvals don't cause a delay. ING is also bundling its Thai business with its larger Japanese and Hong Kong operations and selling the combined entity to another buyer. Comment! [Financials, Top Stories, M&A]
Friday, September 7, 2012, 5:40 AM AIG (AIG) raises $2.02B by selling 591.9M shares in AIA Group for HK$26.50 ($3.42) each, or a 0.8% premium to the latter's close in Hong Kong yesterday. AIG's stake in AIA fell to 13.69% from 18.6%. One analyst was disappointed with the divestment, saying it was "meaningfully below both our and consensus expectations." (PR) 3 Comments [Financials, Top Stories]
Thursday, September 6, 2012, 5:32 AM AIG (AIG) intends to raise as much as $2B by selling part of its remaining 18% stake in AIA Group, Reuters publication IFR reports. AIG is offering 600M shares at HK$25.75-HK$26.75 each vs. AIA's Hong Kong closing price today of HK$26.3 ($3.39). The report follows the expiry of a lock-up on AIG's stake in AIA on Tuesday. Comment! [M&A, Financials, Top Stories]
Tuesday, September 4, 2012, 3:47 AM AIG (AIG) can sell its remaining 18% stake in AIA from today, as a lock-up agreement expires two years after the U.S. insurer listed its former unit in Hong Kong. AIG CEO Robert Benmosche has previously hinted that the company will sell the holding, although he hasn't provided details. Any divestment would help AIG continue paying back the U.S. government for its bailout. 1 Comment [Financials]
Wednesday, July 18, 2012, 2:05 PM Leon Cooperman doesn't expect a U.S. recession and corresponding bear market in stocks; in fact, he thinks stocks in general are underpriced and will climb. He especially likes these 10: COF, ESRX, GCI, HAL, KMI, MET, QCOM, WPI, WU and non-U.S. pick AIA Group. Better take notice: His Delivering Alpha picks a year ago look prescient now. 1 Comment [Quick Ideas]
Monday, July 16, 2012, 10:50 AM ING (ING +0.3%) receives a final round of offers for its Asian life insurance ops, which should bring in over $7B. Canada's Manulife (MFC -1.2%) and Hong Kong's AIA Group are among the insurers who bid, the WSJ reports, while KB Financial (KB) made a proposal for the South Korean part of the ops, and Korea Life Insurance for the Southeast Asian section. (previous) Comment! [Financials, M&A]
Monday, July 16, 2012, 4:18 AM Binding second-round bids for ING's (ING) Asian insurance and asset management operations are due today, and offers are rolling in from a wide range of suitors, including Dai-ichi Life Insurance and Korea Life. Also expected to bid: AIA, Manulife. A deal could be worth ~$7B. Comment! [Financials, M&A]
Thursday, July 12, 2012, 6:27 AM Blackstone (BX) is reportedly joining up with former AIA Group chief Mark Wilson and Swiss Re to bid for ING's (ING) Asian insurance business. The consortium may make a bid of €5B-€6B ($6.1B-$7.3B), which, at the upper end, would match the $7B that ING is looking for. Other bidders include AIA, Korea Life Insurance and Manulife (MFC). Comment! [Financials, M&A]
Wednesday, May 16, 2012, 11:46 AM AIG (AIG -0.2%) plans to sell its shares in AIA Group (AAIGF.PK) after a lock-up period expires in early September, CEO Bob Benmosche says. The divestment should help decrease the volatility in AIG's earnings. AIG sold $6B worth of AIA stock in March, leaving it with around 19%. 4 Comments [Financials, M&A, Top Stories]
Tuesday, March 6, 2012, 3:41 AM AIA Group closes down 8.4% after AIG (AIG) confirms it sold 1.72B shares of the Asian life insurer, slightly more than the 1.7B it had planned, and did so at the bottom of its indicative price range of HK$27.15 to HK$27.50. AIG raised around $6B.
1 Comment [Global & FX, Financials, On the Move]
Thursday, January 26, 2012, 1:10 PM While AIG (AIG) has been selling assets over the past few years so it can pay back its $182B bailout, the company is once again harboring dreams of international growth, with Chairman Steve Miller saying the firm may want to one day buy a life insurer outside the U.S. and even increase its stake in AIA (AAIGF.PK). 1 Comment [Financials]

AAIGF.PK Aia Group Ltd

AAIGF.PK

Aia Group Ltd