- AIG reports first-quarter earnings per share of $1.65.
- Analysts were expecting EPS of $1.12.
- AIG's Chartis unit reported operating income of $1 billion in the first quarter of 2012, compared to a $424 million loss a year earlier.
The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.
AIG is in talks of selling Lloyd's of London insurance operations to a Canadian pension fund, a deal that could generate hundreds of millions of dollars for the insurance giant.
A federal court ruling that MetLife wasn't a 'SIFI' was seen as a victory, but an appeal creates uncertainty -- and higher costs -- for the company moving forward.