HALISTER: AIG 4Q Oper. Loss Wider Than Est.; Adds $5b Buyback, Boosts Div.

AIG 4Q Oper. Loss Wider Than Est.; Adds $5b Buyback, Boosts Div.

(Bloomberg) -- American International Group 4Q oper. loss $1.10/shr, est. loss 91c.
  • AIG board boosts buyback by $5b to ~$5.8b, including remaining authorization
    • AIG bought back $10.7b in shrs during 2015
  • Boosts qtrly div. to 32c/shr from 28c, est. 28c
  • 4Q P&C net premiums earned down 4% to $4.99b y/y
  • 4Q P&C net premiums written down 2% to $4.60b
  • Call 8am Friday; webcast at www.aig.com
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AIG US (American International Group Inc)

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