American International Group, $35.05, symbol AIG on New York (Shares outstanding: 1.5 billion; Market cap: $52.6 billion; www.aig.com), operates through three divisions: Chartis (insurance), SunAmerica Financial Group (financial services) and Aircraft Leasing.
AIG has sold a lot of assets and has now fully repaid the $182.3 billion bailout it received from the U.S. government in September 2008.
These deals include the company’s recent sale of its final stake in Asian insurer AIA Group for $6.5 billion. It’s also selling up to 90% of its International Lease Finance Corp. airplane leasing unit to a Chinese investor group for about $5.3 billion. The sale is expected to close in the second quarter of 2013.
Repaying the bailout money gives the company a lot more flexibility and lowers its interest costs. As well, this move could let AIG meet its goal of paying a small dividend this year. Results are also improving at the company’s insurance operations.
However, the company still faces significant risks.
In the…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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