Nokia says that it won’t accept any new business in Iran in 2019, adding that its operations in the country this year will be limited to delivering on existing contracts.
Berkshire Hathaway’s (BRK.B) diversified holdings and focus on manufacturing have allowed it to garner high growth in its core operating performance in 2018.
Of the 18 analysts covering American International Group (AIG) in March and April, six recommended “strong buy,” four recommended “buy,” seven recommended “hold,” and one recommended “sell.”
In American International Group’s (AIG) General Insurance segment, North American net premiums fell between 2016 and 2017, from $13.9 billion to $11.4 billion.
Prudential Financial’s (PRU) individual annuities segment’s adjusted operating income rose by $119 million to $541 million in 4Q17 from $422 million in 4Q16.
The Trump administration has initiated a trade war with China and its allies by levying duties on imported goods in order to protest unfair trade practices.
AIG’s Canadian business unit, AIG Canada, announced on February 13, 2018, that it had made the list of Canada’s Top 100 Employers of the younger generation.
AIG’s International operations of its General Insurance segment posted an adjusted pretax loss of $399.0 million in 4Q17 compared to $441.0 million in 4Q16.
Chubb’s (CB) net income in 4Q17 was $1.5 billion compared to $1.6 billion in 4Q16. It saw a rise in net premiums earned, from $7.1 billion in 4Q16 to $7.2 billion in 4Q17.
Despite the $32.9-billion hit the top five banks took in their fourth-quarter earnings, US banks (XLF) are generally very positive about the new tax plan.
Last week, US stocks closed the week on a very strong note mainly driven by strong earnings growth. All 11 sectors in SPY reported positive earnings growth.
Most countries tend to issue debt to fund their deficits and keep paying interest on these borrowings. These revenues are generated through taxes from companies and individuals.
Tax rate cuts The US Senate has approved cutting tax rate from 35% to 21%, which could present windfall gains to corporates and long-term adjustments in operating flow generation. Whereas the tax break will likely be profitable for equity investors such as Berkshire Hathaway (BRK.B), companies engaged in US exports have weakened due to growing expectations of a […]
Analyst ratings Wall Street analysts have assigned Berkshire Hathaway (BRK.B) a premium valuation over the years due to its ability to beat index (SPX-INDEX) (SPY) returns without substantial risk. Analysts have given Berkshire an NTM (next-12-month) price target of $321,300, implying growth of 4.2% from its current price. Of the five analysts covering Berkshire, three have recommended […]
Claims could subside The insurance sector (IYF) faced headwinds and losses in 3Q17 due to hurricanes across the US East Coast. Berkshire Hathaway (BRK.B), AIG (AIG), Prudential Financial (PRU), MetLife (MET), and other reinsurers faced headwinds and underwriting losses in 3Q17, which were partially offset by gains from debt and equity investments. In 4Q17, claims are […]
In this series, we’ll look into Berkshire Hathaway’s 4Q17 division-wise performance, performance expectations, investments, repurchases and payouts, and valuation.
On an NTM (next-12-months) basis, American International Group (AIG) has a price-to-earnings ratio of ~11.6x compared to its peers’ average of ~13.9x, which implies lower valuations.
In January 2018, Tom Bolt will become AIG’s chief underwriting officer. Bolt has more than 30 years of experience in the reinsurance and insurance industry.
American International Group’s (AIG) Personal Insurance division reported net premiums earned of $8.3 billion in 9M17 compared to $8.5 billion in 9M16, reflecting a 2.0% fall.
American International Group’s (AIG) Individual Retirement business posted pretax operating income of $1.8 billion in 9M17 versus $1.7 billion in 9M16, reflecting a rise of 5.0%.
American International Group’s (AIG) Liability and Financial Lines business saw a decline in net premiums earned to $6.5 billion in 9M17 from $8.1 billion in 9M16, reflecting a 20.0% fall.
Marginal fall MetLife’s (MET) operating earnings in the EMEA (Europe, the Middle East, and Africa) region fell from $74 million in 3Q16 to $71 million in 3Q17. Its total EMEA operating revenue fell from $702 million to $711 million, primarily due to higher premiums. In the EMEA region, MetLife’s premiums rose to $527 million from $500 million between 3Q16 […]
Berkshire Hathaway (BRK.B) reported losses before tax of $963 million in 3Q17 compared to earnings before taxes of $1.4 billion in the corresponding period last year.
The Fed is targeting a rate hike in December 2017 and at least three more rate hikes in 2018 to bring the Fed fund rate in the range of 2.25% and 2.5%.
Discounted valuation American International Group (AIG) has a one-year forward price-to-earnings ratio of 20.4x, whereas its peers’ average ratio is 21.0x. National General Holdings (NGHC), Allstate (ALL), and Arch Capital Group (ACGL) have ratios of 18.8x, 15.1x, and 29.2x, respectively. AIG’s lower valuation is mainly due its significant catastrophe losses of $3 billion in 3Q17 and its […]
Higher losses American International Group’s (AIG) personal insurance division saw catastrophe losses of $297 million in 3Q17, compared with $27 million in 3Q16. The substantial rise in losses was mainly due to windstorm and hailstorm losses, which stood at $206 million in 3Q17 and $26 million in 3Q16. Over the last 12 months, AIG has had a […]
New business American International Group’s (AIG) life insurance division’s sales rose to $110 million in 3Q17 from $75 million in 3Q16. This rise was mainly due to universal life insurance sales, which made up 39% of new business sales in 3Q17 and 27% in 3Q16. Over the last 12 months, AIG has had a net income margin of -4.8%. […]
Marginal fall American International Group’s (AIG) consumer insurance division’s total operating revenue fell 1% from $6 billion in 3Q16 to $5.9 billion in 3Q17. The marginal fall was mainly due to lower net investment income and premiums. The division’s premiums fell 2% to $3.2 billion in 3Q17 from $3.3 billion in 3Q16. Whereas AIG has a beta of […]
Net investment income and premiums American International Group’s (AIG) group retirement division saw its premiums fall marginally to $8 million in 3Q17 from $9 million in 3Q16. The division’s net investment income fell 5% from $554 million in 3Q16 to $524 million in 3Q17. This fall was mainly due to lower income from alternative investments. Whereas AIG […]
Assets under administration and premiums American International Group’s (AIG) individual retirement business saw its premiums fall 41% to $22 million in 3Q17 from $37 million in 3Q16. In 3Q17, the division’s assets under administration stood at $147.8 billion, due to positive equity markets and a favorable net flow related to index annuities. Whereas AIG has an enterprise value […]
Strong “buy” ratings Of the 19 analysts covering American International Group (AIG), two have recommended “sell,” six have recommended “hold,” seven have recommended “strong buy,” and four have recommended “buy.” Peer recommendations Of the 15 analysts covering Arch Capital Group (ACGL), one has recommended “strong sell,” eight have recommended “hold,” four have recommended “strong buy,” and two have recommended […]
Total operating revenue In 3Q17, American International Group’s (AIG) commercial insurance division’s total operating revenue comprised net investment income and premiums. In 3Q17, AIG’s commercial insurance division’s total operating revenue fell to $4.6 billion from $5.4 billion in 3Q16, a 15% fall. This fall was mainly due to premiums falling 15%, from $4.5 billion in 3Q16 […]
Total expenses rise American International Group’s (AIG) total benefits, losses, and expenses rose a substantial 20% from $12.1 billion in 3Q16 to $14.6 billion in 3Q17. This rise was mainly due to policyholder benefits and losses rising. In 3Q17, AIG incurred policyholder benefits and losses of $10.3 billion, compared with $7.5 billion in 3Q16, a […]
American International Group (AIG), which released its 3Q17 results earlier this month, saw its revenue fall 9% to $11.8 billion in 3Q17 from $12.9 billion in 3Q16.
AIG’s revenue and earnings in 2015 and 2016 American International Group’s (AIG) revenue fell 9% and 10% in 2015 and 2016, respectively. Its US and Japanese revenue rose in 2015 before falling in 2016, and revenue from Europe and other regions fell in both years, along with revenue from premiums, policy fees, and other income. Its […]
Large US banks borrowing from the FHLB System more than doubled in the past decade. The advances stood at $706 billion or 65% of its assets as of June.
Berkshire Hathaway Insurance segment is expected to see a YoY rise in revenues due to the sale of policies in automotive, property, and reinsurance offerings.
Chubb Limited (CB) reported net investment income of ~$1.5 billion in 1H17 compared to ~$1.4 billion in 1H16, reflecting a 9.6% increase. CB generated an 11% return on equity on a trailing-12-month basis.
According to Brian Duperreault, chief executive officer of American International Group (AIG), a company in any industry has to take the digitization path for long-term growth and success.
American International Group (AIG) is expected to announce its earnings for 3Q17 on November 2, 2017. Wall Street analysts have provided a high estimate of $0.90 for AIG’s 3Q17 EPS.
Berkshire Hathaway (BRK.B) saw subdued profits in its Insurance segment in 2Q17, mainly due to higher claims. The trend is set to get stronger in the second half of 2017
