Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Monday, January 15, 2024

American International Group, AIG Valuation


American International Group, Inc or AIG for short is undervalued, according to Wolfteam Ltd.'s projections and estimates.

With 56.42 billion USD in revenue, growing at 8.39 % with net profit margin of 18.21 %, for 2022 AIG is grossly undervalued. American International Group, Inc or AIG's intrinsic value is 142 billion USD compared to AIG's current market capitalization of 47.39 billion USD.

This is excerpt from AIG's third quarter 2023 financial report:

AIG Reports Third Quarter 2023 Results
❖ Net income per diluted share was $2.81, and adjusted after-tax income* (AATI) per diluted
share was $1.61, an increase of 92% from the prior year quarter
❖ General Insurance combined ratio was 90.5%, an improvement of 680 basis points from
the prior year quarter, including 6.9 points of catastrophe losses and 2.7 points of
favorable prior year development (PYD), net of reinsurance and prior year premiums
❖ General Insurance accident year combined ratio, as adjusted* (AYCR) was 86.3%, an
improvement of 210 basis points from the prior year quarter, driven by the outstanding
performance of the Commercial Lines AYCR of 81.7%
❖ General Insurance net premiums written (NPW) increased 1% year-over-year, or 9% on a
comparable basis*†, driven by 16% growth in Personal Insurance and 6% growth in
Commercial Lines
❖ Life and Retirement adjusted pre-tax income (APTI) was $971 million, up 24% from the
prior year quarter, benefiting from continued growth in net investment spread
❖ Returned over $1 billion to shareholders through $785 million of common stock
repurchases and $261 million of dividends in the third quarter
❖ On November 1, AIG announced the successful closing of the sale of Validus Re to
RenaissanceRe, simplifying our portfolio and allowing us to accelerate capital
management plans
❖ On October 31, Corebridge announced the closing of the sale of Laya Healthcare Limited
to AXA for €650 million, the net proceeds from which will be distributed by a special
dividend of approximately $730 million to Corebridge shareholders

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