Friday, August 7, 2009

Don't Look Now, But AIG is Acting like an Insurance Company

AIG posted earnings this AM and the insurance company posted its first profit since 2007--a whopping seven quarters in a row. In its release, AIG stated its investment losses narrowed--probably from taking the conservative philosophy when making those investment decisions; like all insurance companies should be doing. I suppose eliminating the urge to invest in Mortgage-backed securities has begun to help AIG. Stock is trading higher in pre-open.

Todd M. Schoenberger
LandColt Trading, Inc.

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