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AIG returns to profitability in the first half of 2017

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Magazine Issue: 
Loss of rationality [3]
Magazine date: 
Jul 2017

American International Group (AIG) reported operating result up by 33% in the first half of 2017. The expected share price of 1.2 USD increased to 1.53 USD as at 30 June 2017. This amount is higher than that expected by analysts.

This performance reflects the success of the restructuring plan initiated by AIG's former CEO, Peter Hancock. The new roadmap calls for a reduction in costs, a sale of assets deemed non-strategic, and a 25-billion-USD payment as dividend or share cessions to shareholders.

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Tue, 22/08/2017 - 09:30

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