Insight and Intelligence on the London & International Insurance Markets

19 April 2018

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AIG to unveil ‘critical’ Q4 results

Ted Bunker 14 February 2017

AIG is under pressure to address key questions when it releases its fourth-quarter results later today.

Since announcing its huge reinsurance deal with Warren Buffett's Berkshire Hathaway last month, the main concern is the size of the "material" fourth-quarter reserve charge the New York-based insurer plans to take against P&C results.

That could mean $3bn in pre-tax terms, or $1.85 per share after tax, according to Barclays Capital analyst Jay Gelb, who said the results and tomorrow's conference call were...

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This article was published as part of issue February 2017/2

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