A.M. Best has upgraded the issuer credit ratings (ICR) to "a+" from "a" and affirmed the financial strength rating (FSR) of A (Excellent) of American International Group, Inc.'s (AIG) (New York, NY) (NYSE:AIG) four domestic life/health companies. The ...
American International Group has returned 80% over the last two years and has actually outperformed a variety of other Life and P&C insurance companies including large-cap peers Metlife (MET) which gained 30% and Prudential (PRU) which returned 38%.
Remembering a day before AIG ran into problems in the financial crisis, Sandler O'Neill's Paul Newsome says the insurer's competitive advantage was having a lower expense ratio than peers (while maintaining an average loss ratio).
The share price of American International Group (AIG) has experienced modest price weakness since reaching its 52-week high of $53.33 in October 2013, compared to an almost 6% gain for S&P 500 Index over the period.
American International Group (AIG ) reported fourth quarter income attributable to AIG of $2.0 billion, or $1.34 per share, which is a huge gain from last year's Q4 loss of $4 billion, or -$2.68 per share.