This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

A.M. Best Affirms Ratings Of American International Group, Inc. And Its U.S. Property Casualty Subsidiaries

Stocks in this article: AIG

A.M. Best has affirmed the issuer credit rating (ICR) of “bbb” of American International Group, Inc. (AIG) (New York, NY) [NYSE:AIG]. Concurrently, A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the ICRs of “a” of AIG’s U.S. property/casualty subsidiaries (collectively referred to as the AIG PC U.S. Insurance Group [AIG PC US]), headquartered in New York, NY. At the same time, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of American International Reinsurance Company Ltd. (AIRCO), a Bermuda-domiciled reinsurer. The outlook for the above ratings is stable. (See below for a detailed listing of the companies and ratings.)

The ratings for the members of AIG PC US reflect its supportive level of risk-adjusted capitalization, generally solid operating earnings and its leadership position in the global commercial lines insurance market. Offsetting rating factors include recent underwriting results, which remain well below the group’s historical levels, A.M. Best’s expectation of continued adverse development of prior years’ loss reserves and the group’s exposure to natural and man-made catastrophe losses. The stable outlook reflects AIG’s position in the U.S. commercial market; its ability to lead, attract and retain clients by leveraging its significant global capacity, extensive product offerings and innovation; as well as its greater emphasis on technical pricing and predictive modeling. The group continues to generate positive operating returns despite challenges in restoring underwriting profitability. While reserve development remains a concern, the stable outlook suggests that any future reserve development will be within a level acceptable to A.M. Best. A.M. Best also expects that the group will continue to maintain a supportive level of risk-adjusted capitalization through favorable net earnings while providing shareholder dividends to its parent in accordance with historical norms.

AIG PC US’ risk-adjusted capitalization declined in 2013, primarily as a result of sizeable dividend payments to AIG. However, the resulting level of risk-adjusted capitalization continues to be supportive of the ratings.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs