|Bid||48.83 x 800|
|Ask||49.06 x 1000|
|Day's Range||47.83 - 49.01|
|52 Week Range||41.11 - 58.66|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||12.82|
|Forward Dividend & Yield||1.28 (2.64%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||N/A|
Technology shares led all three major U.S. stock averages lower, with the blue-chip Dow suffering the largest percentage loss. Hopes that the coronavirus epidemic could be on the wane were soured by a spike in fatalities, with an additional 242 bringing China's coronavirus death toll to 1,367. "On a day like today investors just have to take it in stride," said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis.
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings. While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and the Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
AIG, one of the largest insurers in the United States, posted an underwriting income of $12 million in its general insurance business for the quarter, compared with a loss of $1.07 billion, a year earlier. Net pre-tax catastrophe loss at the general insurance unit narrowed to $411 million from $826 million, a year earlier. Chief Executive Officer Brian Duperreault, who joined the insurer in 2017, has been overhauling the underwriting culture at AIG's general insurance business through initiatives including raising rates and shedding unprofitable lines.
American International Group Inc. swung to a fourth-quarter profit that beat expectations, citing the favorable impact of general insurance underwriting and reinsurance actions and a favorable loss reserve development. The stock slipped 0.2% in premarket trading. Net income was $922 million, or $1.03 a share, after a loss of $622 million, or 70 cents a share, in the year-ago period. On an adjusted basis, earnings per share were $1.03 after a per-share loss of 63 cents last year, beating the FactSet consensus of $1.00. Total consolidated net investment income rose to $3.6 billion from $2.8 billion, reflecting higher alternative investment returns. In general insurance, net premiums written fell 9% to $5.83 billion, including a 4% decline in North American and a 13% decline in international. The stock was down 0.8% over the past three months through Wednesday, while the S&P 500 has gained 9.2%.
Investors were unimpressed with AIG’s outlook for 2020 and a new savings target for its cost-saving programme, and sending shares in the US insurer down by 3.6 per cent in mid-day trading after the company reported fourth-quarter earnings.
SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance policy comparison website at more than $2 billion, including debt, according to people familiar with the matter. SelectQuote is working with banks that include Morgan Stanley and Credit Suisse Group AG on an IPO that could come in the first half of this year, subject to market conditions, according to the sources, who spoke on condition of anonymity because the information is not public.
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing. It was not until a fire warden pleaded with Zaffino – who was then an executive at reinsurance brokerage Guy Carpenter – that he finally left, a person familiar with the situation said.
American International (AIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
American International's (AIG) Q4 results are likely to reflect growth at its General Insurance and Life and Retirement segments partly offset by catastrophe losses.
American International Group (AIG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hartford Financial's (HIG) fourth-quarter results are likely to reflect a solid performance by its Property & Casualty segment, partially offset by its Group Benefits segment.
Insurance premiums to protect shops and offices in Chile from damage caused by protests have at least doubled, industry sources say, as insurers scramble to cover losses following last year's riots. International insurers that focus on cover against attacks on property were surprised by the length of the protests in a country previously regarded as low risk. Tim Davies, head of crisis management at Lloyd's of London insurer Canopius, said the firm had a strong presence in political violence insurance in Chile.