AIG CEO: Business Exposure Levels Are 'Managable'

American International Group Chief Executive Martin Sullivan said Wednesday that exposure levels throughout its businesses, including consumer finance and mortgage insurance, were "manageable."


Sullivan, speaking at a presentation to investors, said negative results in the housing market would persist, but AIG could hold devalued investments until recovery.

Sullivan said the possibility that its AIG financial products unit would sustain a loss was "close to zero."

He said he expected five-year adjusted earnings per share growth to be 10 percent to 12 percent and return on equity to be 15 percent to 16 percent.

In premarket trading AIG was trading at $57.46, up 3.6 percent from its adjusted close of $55.45 ex-dividend.


  • Albert Essien, CEO of Ecobank, talks about the biggest challenges the bank faces, and investment opportunities in Africa.

  • The first round of U.S. banks stress tests show that all 31 banks have passed. John Blank, chief equity strategist at Zacks Investment Research, weighs in with his reaction.

  • All 31 banks have passed the first round of the Federal Reserve's stress tests. Cole Smead, managing director & portfolio manager at Smead Capital Management, discusses whether its time to get bullish on banks.