American International Group, Inc. (NYSE:AIG)
About American International Group, Inc. (NYSE:AIG) American International Group, Inc. (AIG), is a holding company, which through its subsidiaries, is engaged primarily in a range of insurance and insurance-related activities in the United States and abroad. AIG's four reportable segments include: General Insurance, Domestic Life Insurance & Retirement Services, Foreign Life Insurance & Retirement Services, and Financial Services. In March 2010, the Company closed the sale of a portion of its asset management business to Pacific Century Group.In November 2010, MetLife, Inc. acquired American Life Insurance Company from American International Group, Inc. In December 2010, Fortress Investment Group LLC acquired 80% interest in American General Finance Inc. from the Company.
Statistics Symbol
AIG
EPS:
-45.42
Current Price
$43.00
Market Capitalization:
$28.90B
52 week range
$21.54
Beta
3.75
Avg Volume
9.73M
Shares Outstanding
672.14M
Financials American International Group, Inc. (NYSE:AIG) engendered total revenue of $19.09 million in current quarter which is noticeably less than previous quarter’s revenue of $36.52 million. Moreover, net income is negative that resulted in lower EPScompared to last quarter’s EPS. The company’s cash flow from operation (CFO) stood at $13.57 billion as contrasted to last quarter’s cash flow from operation which was placed at $9.12 billion. CFOis kept increasing which is a good sign and it shows if this trend continuous than company would not face any problem to repay its debts. The company’s total assets accumulate up to $871.96 billion as per its latest financials as on September 30, 2010. Fixed assets claim to have the highest contribution in the total assets. The company’s current assets and total liabilities and equity build up to $791.13billion and 80.84 billion respectively.
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