A holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. Its primary activities include General Insurance and Life Insurance & Retirement Services operations.
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AIG will exhaust both its resources and the government's patience over the course of the next couple of years. A reverse split is generally an act of desperation, and this one is no exception, though it does create a great new entry point for shorting.