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American International Group Inc.

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AIG’s fourth-quarter 2017 earnings missed the Zacks Consensus Estimate and deteriorated from the year ago quarter. The underperformance stemmed from the negative impact of huge catastrophe losses and low premium in the General Insurance segment. Although the shares have underperformed the industry year to date, its strong fundamentals should support going forward. However, a number of asset sale and business divestitures made over the past many years have streamlined the company to some extent. Recently, the insurance giant appointed Brian Duperreault as its new CEO with expectations of improving operations by completing ongoing restructuring initiatives and making additional changes. The company has been suffering from tough market conditions and its massive size with numerous uncorrelated businesses creating little or no synergy.  Weakness in its General Insurance segment and an exposure to catastrophes continue to bother.

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