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American International Group Inc AIG

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Underlying Improvement Continues for American International Group in First Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

AIG posted a good first quarter, in our view, as strong investment gains and improvements in underlying underwriting profitability were partially offset by elevated catastrophe losses, leading to net income of $3.9 billion. The annualized adjusted ROE for the quarter was 7%, but the company continues to show progress toward generating an acceptable return. We will maintain our $60 fair value estimate and no-moat rating.

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Company Profile

Business Description

American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. Its revenue is split roughly evenly between commercial and consumer lines.

Contact
175 Water Street
New York, NY, 10038
T +1 212 770-7000
Sector Financial Services
Industry Insurance - Diversified
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2020
Stock Type Slow Growth
Employees 45,000

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