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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 23, 2005 at 08:00 PM
An industry analyst is lowering his earnings estimates for American International Group because of recent accounting adjustments and potential legal penalties for the company.[@@]
But the analyst, Andrew S. Kligerman of UBS Investment Research, New York, says, despite its legal and accounting problems, he still sees AIG “as a strong, leading global insurer.”
The company’s restated accounting figures will reduce its book value by a net $300 million, he says. That could be further reduced by civil and regulatory penalties as well as further restatements, Kligerman says.
He is predicting operating earnings this year for AIG of $12.6 billion on revenue of $108.8 billion, up from an estimated $11.5 billion in earnings on $98.3 billion in revenue last year.
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