Analysts cautiously optimistic despite AIG earnings miss

Despite a big earnings miss, American International Group
(AIG)'s results last week (2 May) were met with tentative
optimism by a number of analysts covering the beleaguered
insurer's stock.
Operating profits more than halved from $1.7bn to $773mn
year-on-year despite a modest improvement in the combined ratio of
its core P&C commercial insurance business.
At $0.65 a share, operating profits were well below the $1.00 a
share consensus forecast from Wall Street analysts.
The fall in profits w