Multi-line Insurance

AIG (NYSE: AIG) trading halted, news pending

Yesterday, MetLife Inc. (MET) announced its projected operating earnings growth to be more than 38% year over year in 2011, which is guided in the range of $5.1–$5.5 billion or $4.75–$5.15 per share. The raised optimism reflects the company's major acquisition of American Life Insurance Co. (...

Unico American Corporation (Nasdaq: UNAM) announced today that its Board of Directors declared a cash dividend of $0.36 per share of common stock. This special cash dividend declared on December 7, 2010 is payable on December 29, 2010 to shareholders of record on December 21, 2010.

Yesterday, MetLife Inc. (MET) announced its projected operating earnings growth to be more than 38% year over year in 2011, which is guided in the range of $5.1–$5.5 billion or $4.75–$5.15 per share. The raised optimism reflects the company's major acquisition of American Life Insurance Co. (...

After several impediments in the way of disposing American International Group Inc.'s (AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay...

After several impediments in the way of disposing American International Group Inc.'s (AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay...

Doug Kass of Seabreeze Partners tweeted that with Citigroup (NYSE: C) and General Motors (NYSE: GM) no longer being completely under government control, AIG (NYSE: AIG) will be the next company to have its stake sold to the public. Shares of AIG are up 34 cents to $43.94, a gain of 0.8%.

Key Points: 3Q Earnings season effectively done -- 496 or 99.2% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92%, and a 3.74 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 355...

Key Points: 3Q Earnings season effectively done -- 496 or 99.2% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92%, and a 3.74 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 355...

The financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Travelers Auto Insurance Co. of New Jersey and Travelers of New Jersey Group, wholly owned subsidiaries of The Travelers Companies Inc. (TRV), have been withdrawn by A.M. Best Co. The rating agency has...

The financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Travelers Auto Insurance Co. of New Jersey and Travelers of New Jersey Group, wholly owned subsidiaries of The Travelers Companies Inc. (TRV), have been withdrawn by A.M. Best Co. The rating agency has...

According to an estimate released by the Congressional Budget Office (CBO) on Monday, the $700 billionTroubled Asset Relief Program (TARP), which was initiated two years back to rescue the nation's financial industry, will cost taxpayers much less than anticipated. The CBO now anticipates the...

Cusick's Corner This was an incredibly strong day across the board -- XLF had explosive segments. Plus there was a lot of rumor about the support, or not, by the Fed for the IMF. While this is not confirmed, at this stage this is that headline or emotion risk/catalyst. But if we look at the...

According to an estimate released by the Congressional Budget Office (CBO) on Monday, the $700 billionTroubled Asset Relief Program (TARP), which was initiated two years back to rescue the nation's financial industry, will cost taxpayers much less than anticipated. The CBO now anticipates the...

Moving ahead with its capital restructuring, American International Group Inc. (AIG) finally entered the debt market yesterday, two years after the company was bailed out in 2008, as it intends to vend off $2.0 billion of bonds in two parts. The company has filed a regulatory prospectus for the...