AIG Conveys Its Renewal

The current market madness may be obscuring our vision.Investors need to remember that most large companies are doing very well.They have tons of cash on their balance sheets.There has been a remarkable resurgence in the corporate sector.AIG is a case in point.
AIG has actually turned the corner and our crisis is over,says CEO Robert Benmosche (pronounced Benmoshay).It is actually a strong,independent company.I'm looking at what is good and right in this country.
We provide guarantees for our customers,and that is going very well.Our fixed annuity sales have gone up dramatically.People are looking for more guarantees around their future.
I believe it's a very different world than 2008.People are trying to figure out what's gonna happen tomorrow.We've got to talk about what's positive.What's jeopardized is people being afraid to invest in their businesses.
You've got to add to the retirement age.These entitlement programs are for later in life;not for 20 years of life.
I think this is a great quarter for us.I don't think this is a long sort of trough.France has changed its retirement age.If that happens,the debt won't be as bad,Mr.Benmosche believes.
AIG is a multinational insurance and investment firm.Active in more than 130 countries and jurisdictions,it has 96,000 employees.The New York-based company was badly damaged by the financial crisis,and received much federal aid.
American International Group(AIG)

AIG At Its Core

Insurance titan AIG is going through a lot of restructuring.As they keep paying the government back for rescuing the company from the financial crisis,they have to keep accelerating the amortization,says CEO Robert Benmosche.
They'll be the largest property and casualty insurer,and one of the largest life and annuity firms.That's the core of the company.They're selling off a lot of smaller things.AIG can produce 6-8 billion dollars of profit once they complete the restructuring plan.
Now AIG is working on a liquidity plan.They want to have enough capital to withstand any future shock.They're gonna start showing that to the ratings agencies.
Right now there's a lot of capacity at AIG.They are well past their reputational issues.
Over the next couple of years,AIG won't be suffering from unrealistic prices.They think that they'll get all their issues behind them in Q4.You'll begin to see the company's earnings grow steadily over time,Mr.Benmosche believes.
AIG's global employees are returning the firm to its client-centered heritage.They are taking pride in restoring the company to a leadership position.
American International Group(AIG)

TIAA-CREF Bullet Points

Roger W. Ferguson,CEO of pension fund manager TIAA-CREF,has a number of bullet points on his mind for investors.With regard to financial reforms,there needs to be:
1.More emphasis on risk
2.More emphasis on liquidity
3.Capital,capital,capital
4.Dedication to serving the consumers.
As for retirement,investors should:
1.Start saving earlier,setting aside 10-14% of income for a safe nest egg
2.Have a good,diversified portfolio that reflects their risk appetites,selected from 10-20 options
3.Seek out objective advice from non-commission advisors
4.Realize that with living for 20-30 years in retirement,you will need guaranteed income in the form of an annuity.
TIAA-CREF is regarded as one of the most painstaking money managers active in the market today.CEO Roger W. Ferguson was Vice-Chairman of the Federal Reserve from 1999-2006.