AIG rising from the ashes

Remember AIG? Once the world’s largest insurance company, until it went bust and was rescued by the U.S. government in 2008, the company expects to generate sustainable profits in the coming years.

Read: Fed preps sale of AIG assets

The group’s share price is pushing toward the level at which the U.S. Treasury Department would break even on its 74% stake, and the company has built up large tax credits after sustaining massive losses since the onset of the financial crisis, and after last year’s surge in weather-related catastrophes.

Read more on how these credits can be offset against future tax liabilities, and how AIG has repaid the majority of the loans and support received in its rescue.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.