Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Behavioral Finance

Analyst Cuts Financial Estimates On AIG

Your article was successfully shared with the contacts you provided.

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.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.