One AIG shareholder

Valuing Assets: The Clueless Cadre

if you spend more time digging the news from other sources. you can find more details. since 2000, HSB's book value increased from 350-550M roughly. it also paid around $700M dividend to the parent AIG. AIG bought HSB using its stocks valued at $60/share or more in 2000. it is a great deal for AIG.