AIG Earnings Takeaways: Misses Estimates, Stock Rises On Dividend Increase And Agreement With Icahn

AIG reported disappointing fourth quarter results last week with an after-tax operating loss of $1.10 per share compared to 97 cents a share in the prior year quarter. The loss was also considerably higher than analyst consensus estimates of 93 cents a share and it was primarily driven by lower income on hedge fund investments and the company’s efforts to strengthen its reserves.  However, the stock was up after the earnings release on other important developments, including an increase in qu...