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American International Group Inc (AIG)

- NYSE
  • Feb. 28, 2012, 5:35 AM
    AIG (AIG) may not pay taxes for as long as a decade because of the way the Treasury unilaterally bent the tax code during AIG's bailout, rails Andrew Ross Sorkin. This rule-twisting could deprive the government of tens of billions of dollars, while boosting bonuses for AIG employees.
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  • Feb. 27, 2012, 10:54 AM
    Deutsche Bank stays bullish on AIG (AIG +0.5%), reiterating a Buy rating and increasing its price target on shares to $35 from $29. Analysts with Deutsche remain convinced that AIG isn't a traditional insurance company and see its share repurchase commitment as an indicator that the U.S. Treasury in its role as a shareholder is on board with AIG's capital management strategy.
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  • Feb. 24, 2012, 2:22 PM
    AIG (AIG +0.9%) has managed to buy almost $2B in Maiden Lane bonds - the investments grouped by the New York Fed as AIG's toxic assets. The insurer tried to buy the whole portfolio last March for $15.7B but was rejected; since then, it's had to go to auction winners like CS and GS to make the buys. (earnings)
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  • Feb. 24, 2012, 12:08 PM
    AIG (AIG +2.2%) shares jump after reporting Q4 earnings, trading briefly above the $29 price the U.S. Treasury got when it sold a portion of its AIG holdings in a “re-IPO" in May 2011. If AIG shares can stay there, Treasury likely will attempt a sale of another chunk of its 77% stake. But the price point may prove an impediment to further appreciation in the shares, Bernstein says.
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  • Feb. 23, 2012, 4:19 PM
    AIG (AIG): Q4 EPS of $0.82 beats by $0.21. Net income of $19.8B includes deferred tax asset valuation allowance release of $17.7B for Q4, $16.6B for fiscal 2011. Shares +6.3% AH. (PR)
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  • Feb. 23, 2012, 12:10 AM
    Notable earnings after Thursday's close: ADSK, AGO, AIG, BIO, CBI, CRM, CROX, CUBE, DECK, FSLR, GPS, GTE, HLS, IAG, INT, LNG, LONG, MCP, MELI, MGA, MHK, MNST, MRVL, NDSN, PSA, SBAC, SD, SPN, TIVO, WBMD, WR, XCO
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  • Feb. 22, 2012, 5:35 PM
    Notable earnings after Thursday 's close: ADSK, AGO, AIG, BIO, CBI, CRM, CROX, CUBE, DECK, FSLR, GPS, GTE, HLS, IAG, INT, LNG, LONG, MCP, MELI, MGA, MHK, MNST, MRVL, NDSN, PSA, SBAC, SD, SPN, TIVO, WBMD, WR, XCO
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  • Feb. 16, 2012, 8:40 AM
    AIG (AIG), which last year failed in an attempt to buy back its former mortgage bonds, has managed to repurchase some of the paper from institutions and banks. The acquisitions are part of AIG increasing its holdings in these kinds of assets despite their role in the near-collapse of the insurer and the financial crisis.
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  • Feb. 13, 2012, 9:54 AM
    AIG (AIG +1.4%) feels the heat from the SEC again, as the regulator presses for more disclosures in the company's quarterly reports on guaranteed interest rates in its life insurance business. What's becoming an increasing issue of interest is how insurance firms can guarantee lifetime payments without taking on too much risk with interest rates at rock bottom.
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  • Feb. 3, 2012, 2:07 PM
    AIG (AIG +3.3%) has spent the last four years selling off more than $50B in assets, but that may be about to change. Chairman Steve Miller tells Bloomberg TV that the insurer is ready to go on the offensive, now focused on growth and returning capital to investors: “We have high confidence... and we’re willing to put our money where our mouth is and talk about repurchasing of shares.”
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  • Jan. 31, 2012, 1:14 PM
    TARP will swing to losses of $23B in FY 2012 from gains of $37B last year, the CBO predicts. The reversal will largely reflect steep declines in the share prices of AIG and GM. Still, as of October, the Treasury had recouped $316B of the nearly $411B it used for bailouts. (See also I, II)
    | 4 Comments
  • Jan. 30, 2012, 3:29 PM
    Bruce Berkowitz and the Fairholme Fund are probably glad to have left 2011 behind. Final results show the fund down 32.42% with AIG now representing 23% of the fund's assets. Fund assets have shrunk from $21B to less than $7B over the course of the year. (submitted by Devon Shire)
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  • Jan. 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).
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  • Jan. 26, 2012, 2:58 AM
    Taxpayers are still on the hook for $133B in outstanding TARP funds, according to SIGTARP's just-released quarterly report (.pdf) to Congress. The slow economic recovery is impeding Treasury’s progress in winding down the program, and exiting investments in firms like AIG and GM could prove "challenging" in the near term.
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  • Jan. 20, 2012, 3:12 PM
    If you remove AIG from EPS growth estimates, earnings numbers so far don't look so hot, FactSet says. AIG took a $4.2B charge in its 2010 Q4, and it is now expected to generate 2011 Q4 EPS of $0.63 vs. a $16.20 loss Y/Y. If AIG is excluded, blended earnings growth in the financial sector drops to -2.2% from 65.4%, and for the entire S&P 500 falls to 2.2% from 9.5%.
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  • Jan. 17, 2012, 2:23 AM
    AIA Group (which is about 1/3-owned by AIG) is considering a bid for ING's (ING) $6B Asian insurance operations, sources say, and has invited four banks to pitch for advisory roles for a potential offer. The planned sale of the business is expected to draw heavy interest.
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Company Description
American International Group Inc is a holding company. The Company, through its subsidiaries, provides insurance and related services in the United States and abroad.