Life Insurance Weekly Recap: AIG, MetLife
The past week did not see much movement in the stock prices of life insurance companies AIG (NYSE:AIG) and MetLife (NYSE:MET). There were changes to AIG’s leadership structure and MetLife presented at the Asia Investor Conference in Tokyo.
Below we discuss the abovementioned events from the week ended September 19.
AIG
AIG announced a new leadership structure after Peter Hancock took over as CEO earlier in the month. While much of the company’s executive team remains the same, the company is hoping that the new structure will help to integrate the company’s various businesses and streamline its strategy. [1]
AIG’s stock was largely steady throughout the week, We have a price estimate of $52 for the company’s stock, which is slightly below the current market price.
See our complete analysis of AIG here
MetLife
MetLife presented at the Asian Investor Conference held in Tokyo, discussing the importance of the Asian market and especially Japan going forward. Outlining its business strategy, the company emphasized the importance of emerging markets to its growth story. [2]
MetLife’s stock was up slightly for the week. We have a price estimate of $59 for the company’s stock.
See our complete analysis of MetLife here
Notes:- AIG Announces Leadership Team, AIG Press Release [↩]
- Asian Investor Conference Presentation, MetLife Presentations [↩]