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American International Group, Inc. Message Board

  • kmcmahon38 kmcmahon38 Feb 25, 2013 11:17 AM Flag

    The Bottom Line for AIG Longs...

    Is that the story is getting better for the company, and we own $66 worth of tangible book value for $38 per share...

    Yes, we took a big loss last quarter on the ILFC sale, but that is the last "bad asset" sale that we need to be concerned about going forward.

    Our CEO stated on the conference call that he is planning on buybacks and a dividend later in 2013, but for now AIG has to concern himself itself with the upmost in liquidity in order to to keep the best ratings. This is a neccessary, and wise decision for the company to make. Thing are improving within the company...operating earnings are up, P&C rates are up 14% year over year, Sandy affected earnings but not nearly as bad as expected due to the global nature of AIG's operations. The company operates in 120 countries and the CEO said his next objective is to establish AIG's footprint in the Chinese life insurance business. This will add huge earnings in the future. Also, the CEO mentioned that AIG is currently looking for aquisitions for the near future.

    All of this for a systematically important institution that is trading for 60% of the value that you would receive if you liquidated and sold off all of its assets. Not to mention that book value will grow at about 8% a year going forward.

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