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American International Group (AIG) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Mega insurer American International Group is best known for its spectacular collapse in 2008 as the company used a government bailout to plug a financial products-induced wound. Despite receiving ...
AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
AIG (AIG) still has a market cap of $1.8 billion. It used to be over 100 times that. But investors are still willing to gamble that at $13.10 (its price after a reverse split) AIG's shares could ...
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [5] As of 2023, AIG employed 25,200 people. [6] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
However, on 2 March 2010, Prudential PLC, a UK-based financial services and securities company, announced that it would buy AIA for US$35.5 billion. [6] The purchase later fell through, and AIA held an IPO in October 2010, raising approximately HK$159.08 billion (US$20.51 billion), which at the time was the world's third largest IPO ever [ 7 ...
Earlier this week, the Treasury recently announced plans to sell a huge portion of its AIG stake, dumping $18 billion of AIG stock before underwriter options -- roughly the size of Facebook's IPO.
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