American International Group

MetLife, Inc. (NYSE: MET) announced that it had signed an agreement with American International Group (NYSE: AIG) to buy AIG's American Life Insurance Co. for around $15.5 billion. American International Group will receive $6.8 billion in cash and approximately $8.7 billion in MetLife stock....

Employees of Bank of America Corporation's (NYSE: BAC) investment bank and Global Markets unit are set to receive over 4$ billion in bonus pay for 2009, according to a person familiar with the situation. Financial institutions such as Bank of America, JPMorgan Chase & Co. (NYSE: JPM), American...

MetLife, Inc. (NYSE: MET) announced late Tuesday that the company's profits plummeted 70% due to investment losses of over $5 billion dollars. MetLife's 4th quarter net income was $289 million, or 35 cents per share, down 70% from a year earlier when the company earned $954 million, or $1.20 per...

The stock price of insurer Genworth Financial Inc. (NYSE: GNW) climbed to a 52 week high on Friday when the company reported quarterly results that beat analyst expectations. Genworth Financial reported that 4th quarter net income available to common shareholders rose to $40 million, or 8 cents per...

According to the Securities and Exchange Commission, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reinsurer General Re has agreed to pay nearly $100 million to settle several charges and a lawsuit related to the company's involvement in accounting frauds by American International Group (NYSE: AIG...

American International Group (NYSE: AIG), the global insurance group that is 80% owned by the government, intends to list its Asian life insurance unit on the Hong Kong stock exchange, sources familiar with the matter said Thursday. Analysts said AIG could expect to earn $20 billion from the...