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AIG

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NYSE: AIG   36.39 +0.47 (+1.30%)  Today10:30 AM ET
Name: AIG
Industries: Insurance
Revenue: $94.59B
Profit: -$10.95B
Headquarters: 70 Pine Street
Floor 21
New York, New York 10270
United States
Website:
¹ TTM figures for 31-Dec-2009
AIG traces its roots back 90 years when an American entrepreneur named C.V. Starr founded AIG’s earliest predecessor company in Shanghai. What began as a small insurance business grew to become one of the world’s largest companies. By the end of 2007 AIG had assets of approximately $1 trillion, $110 billion in annual revenues, 74 million customers and 116,000 employees in 130 countries and jurisdictions. Yet, less than a year later, AIG found itself on the brink of failure and in need of emergency
AIG traces its roots back 90 years when an American entrepreneur named C.V. Starr founded AIG’s earliest predecessor company in Shanghai. What began as a small insurance business grew to become one of the world’s largest companies. By the end of 2007 AIG had assets of approximately $1 trillion, $110 billion in annual revenues, 74 million customers and 116,000 employees in 130 countries and jurisdictions. Yet, less than a year later, AIG found itself on the brink of failure and in need of emergency government assistance.
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1839946 49 min:
AIG To Move Ahead With Asian Unit IPO (AIG)
AIG (NYSE: AIG) is moving ahead with its initial public offering for its Asian unit, the Wall Street Journal reported. This comes as AIG attempts to pay down its debt to the U.S. government, which owns the majority of the company after the financial crisis of 2008. It has 11 underwriters on the IPO, ... - read more at Benzinga
1839345 3 hours:
Wall Street Breakfast: Must-Know News
New Gulf rig fire, oil leak raises questions. After a fire broke out early yesterday on a Mariner Energy (ME) offshore platform in the Gulf of Mexico, the Coast Guard initially reported that a mile-long oil sheen was visible, but subsequently recanted. The rig has been shut down and its 13 workers were ... - read more at SeekingAlpha.com
1839225 4 hours:
AIG's Asian unit may be near IPO
AIA Group, the main Asia unit of American International Group , submitted preliminary documents yesterday to the Hong Kong Stock Exchange for an initial public offering, according to two people familiar with the filing. American International Group - Hong Kong Stock Exchange - Asia - Initial public ... - read more at Boston Globe
1835345 21 hours:
images lehman
When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt and AIG (NYSE: AIG) to survive thanks with a $182 billion bailout. The answer is simple: fear. In 2008, ... - read more at 24/7 Wall Street
tags: Lehman Brothers 
1834166 23 hours:
AIG Hires Record Total of Bookrunners for AIA IPO
American International Group's application to list its main pan-Asian life insurer contained a record 11 bookrunners, people familiar with the matter said, a further sign that the company is determined to raise as much money as possible. - read more at Wall Street Journal - Deals and Dealmakers
1832351 9/2/10:
Primus CEO still keen on buying AIG's Nan Shan
TAIPEI (MarketWatch) -- Primus Financial Holdings Ltd., whose US$2.15 billion bid for Nan Shan Life Insurance Co. jointly launched with China Strategic Holdings Ltd. (0235.HK) was rejected by Taiwan's government earlier this week, "remains committed to the transaction," Robert Morse, chief executive ... - read more at Market Watch
1831643 9/1/10:
Aquiline Leads $225 Million Deal For Broker-Dealer CRT
Aquiline Capital Partners LLC has led a $225 million investment in independent broker-dealer CRT Capital Group, seeking to capture market share while big firms face challenges. Aquiline--a financial services-focused private-equity firm started by Jeff Greenberg, son of former American International ... - read more at Fox Business
1827926 9/1/10:
U.S. Regulators say Bank Reforms Help Avoid Crises
New powers from the financial reform law will help avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said Wednesday. A commission investigating the causes of the financial crisis was told that the legislation, signed into ... - read more at Fox Business - Economy
1827821 9/1/10:
Ex-Lehman CEO says U.S. erred in denying bailout
(Bloomberg) -- Richard Fuld, former chief executive officer of Lehman Brothers Holdings Inc., said regulators relied on “flawed information” in denying his company aid that was extended to competitors.“Other firms were hurt by their plummeting stock prices,” Mr. Fuld, 64, said ... - read more at Crain's New York
1827533 9/1/10:
AIG Taiwan bidder says unclear why offer rejected
AIG ) Nan Shan Life Insurance unit. Raymond Or said if China Strategic and its partner on the deal Primus Financial were to appeal the ruling, they would address their long-term commitment to the... - read more at Japan Herald
Stock Tickers - Today10:30 AM ET
AIG
AFF
AIG.A
36.39 +0.47  (+1.30%)
Vol: 811.59K
High: 36.90
Low: 36.25
Mkt Cap: 4.92B
52Wk High: 54.40
52Wk Low: 21.54
P/E: 0.00
Div: 0.00
Yield: 0.00
1d | 1m | 3m | 6m | 1y | 5y | 10y
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Financial Performance
Income (in thousands of USD) 3 months ending
2009-12-31 00:00:00
12 months ending
2009-12-31 00:00:00
Revenue 19,697,000 94,586,000
Net Income -8,873,000 -10,949,000
Balance Sheet (in thousands of USD)
Current Assets -- --
Total Assets 843,443,000 843,443,000
Current Liabilities -- --
Total Liabilities 776,802,000 776,802,000
Total Shareholders Equity 69,824,000 69,824,000
Cash Flow (in thousands of USD)
Cash from Operating Activity 6,610,000 18,584,000
Cash from Investing Activity -3,371,000 5,778,000
Cash from Financing Activity -3,994,000 -28,997,000
Change in Cash -417,000 -4,102,000
Key Stats 3 months ending
2009-12-31 00:00:00
Trailing 12 Months
Gross Profit Margin -- --
Net Profit Margin -45.05% -11.58%
Return on Assets -1.05% -1.30%
Return on Equity -12.71% -15.68%
Return on Invested Capital -- --
AIG's Holdings
Industry Breakdown of All AIG 13F Holdings in Q2 2010
(by % of total market value of investments)
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Business Services and Supplies (22.17%)
 
Technology (9.01%)
 
Healthcare (7.69%)
 
Oil, Gas and Energy (6.63%)
 
Telecom (3.60%)
 
All Other Industries (24.87%)
Note: Chart shows exposure to top 5 industries. All other industry exposure is represented by "Other Industries". Market value of investments calculated using close of business price as of 2010-06-30 00:00:00.
AIG's Top Investments
Company Name Ticker Investment Mkt Value
Berkshire Hathaway Inc. BRK'B
$1,615,597,720
Rural Development Institute BRK'B
$1,615,597,720
Exxon Mobil XOM
$140,266,572
Microsoft Corporation MSFT
$115,868,069
Apple Inc. AAPL
$93,941,577
The Procter & Gamble Company PG
$83,549,492
J.P. Morgan Chase JPM
$81,042,497
Wal-Mart Stores, Inc. WMT
$75,966,825
Google Inc. GOOG
$75,549,342
Cisco Systems CSCO
$75,115,585
Note: Market value of investments calculated using close of business price as of 2010-06-30 00:00:00.
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