AIG CEO Robert Benmosche weighs in on Q4 earnings. AIG stands for ability to ensure properties and is about risk diversification, he says.» Read More
*AIG raises quarterly dividend to 12.5 cents per share. Feb 13- Insurer American International Group Inc on Thursday raised its quarterly dividend by 25 percent and reported it swung to a profit in the fourth quarter, compared with a year-earlier loss, sending its shares up in after-market trading.
Dec 16- American International Group Inc said it would sell its aircraft-leasing business to AerCap Holdings NV in a deal valued at about $5.4 billion excluding debt, ending a four-year effort to sell its biggest non-insurance business.
Dec 16- American International Group Inc said it would sell its aircraft-leasing business to AerCap Holdings NV in a deal valued at about $5.4 billion, marking the insurer's exit from its last non-core business. The deal includes $3 billion in cash and 97.56 million newly issued AerCap common shares, AIG said on Monday.
Dec 12- U.S. insurer American International Group is in talks to sell its aircraft leasing business to AerCap Holdings NV, a person briefed on the discussions said.
Dec 12- Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports. Netherlands- based AerCap, the world's largest independent aircraft lessor, may team up with other bidders for International Lease Finance Corp, the reports said.
Dec 12- Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, Bloomberg reported, citing people with knowledge of the matter. Netherlands- based AerCap, the world's largest independent aircraft lessor, may team up with other bidders for International Lease Finance Corp, Bloomberg reported.
Oct 31- American International Group Inc reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which almost went under during the financial crisis.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
Once the poster child for the U.S. financial crisis, the insurer's business is now thriving, and the stock has doubled since August of 2009. CNBC's Mary Thompson reports on the company's turnaround.
Jim Cramer explains why he is backing American International Group, even though it is heavily held by hedge funds.
Robert Benmosche, president & CEO of AIG, explains what stands out to him about the company's earnings.
AIG announced Friday that it had repaid its final debt to the U.S. Treasury of its $22.7 billion government bailout.
CNBC's Mary Thompson has been following AIG's board meeting and offers details. Meanwhile Robert Benmosche, AIG CEO, explains why he decided not to join Hank Greenberg's lawsuit.
The U.S. Treasury is selling its remaining stake in insurer American International Group, bringing an end to government ownership of the company about four years after a $182 billion bailout.
*EPS of $1.13 vs 86 cent Street view. The remaining stake pertains to AIG shares the Treasury Department owns in exchange for capital it infused. Last quarter, the Treasury Department sold $26.5 billion worth of AIG shares, including approximately $8 billion purchased by AIG.
"We don't know exactly what happened; I'm just as surprised as anybody else," said AIG's CEO, Robert Benmosche, to CNBC's Bob Pisani, on the sudden departure of Citi's CEO, Vikram Pandit.
CNBC's Mary Thompson reports on the latest details of AIG's shareholder meeting today, saying AIG's CEO Robert Benmosche is "feeling well and ready to stay with the company beyond 2012."
CNBC's Mary Thompson reports the latest details from AIG's annual shareholder meeting and CEO Robert Benmosche's plans to restructure the company and return to profitability.
American International Group reported Q1 EPS of $1.65 versus an estimate of $1.12. Robert Benmosche, AIG president and CEO, offers insight on the company's latest strategy.
Once all bailout funds are repaid, AIG CEO Bob Benmosche on Monday said the insurer will produce a profit of up to $10 billion for taxpayers.