AIG (AIG) Reports Q4 Loss of $2.72/Share; Approves Additional $3.5B Buyback
AIG (NYSE: AIG) reported Q4 EPS of ($2.72), may not compare to the analyst estimate of $1.18.
Capital and Liquidity Plan Actions – For the full-year 2016, AIG returned a total of $13.1 billion of capital to shareholders. AIG repurchased 47.5 million common shares for $3.0 billion and 2.4 million warrants for $46.0 million during the fourth quarter. Through February 14, 2017, AIG has repurchased an additional 18.4 million common shares for $1.2 billion. On February 14, 2017, AIG’s Board of Directors authorized an additional increase to its previous repurchase authorization of AIG Common Stock of $3.5 billion, resulting in an aggregate remaining authorization of approximately $4.7 billion. The company continues to maintain strong capital and liquidity ratios at year-end to meet the expectations of key stakeholders including clients and rating agencies.
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