Shares of American International Group, Inc. (AIG) are down in post-market trading, after the company announced it expects to report third-quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion. AIG said the losses "are largely associated with multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions to our loss estimates on the California mudslides." At 5:27 p.m. EDT, AIG shares were down 4.32% at $46.51. Shares closed the regular trading session down 2.04% at $48.61. (stephen.nakrosis@wsj.com)
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the stock sank to below $45 today. multi-year low.
May 2018
Glass Lewis gave AIG’s compensation package a letter grade of “F.”
“Overall, the company paid significantly more than its peers, but performed significantly worse than its peers,” the report said.
ISS said one-time awards to Duperreault when he joined the company, including a $12 million cash bonus, were not tied to performance.
BD was paid 43.1M
How far does the stock have to sink before the CEO is held accountable. How may more employees are going to face layoffs due to these numbers. I don't think the losses include the most recent storm in Florida