We're maintaining our fair value estimate for the wide-moat firm.
Hurricanes and other disasters resulted in $1.5 billion in catastrophe losses for the insurer.
AIG needs only a modest improvement to be materially undervalued.
We expect limited losses within our coverage and will maintain our fair value estimates and moat ratings for all the P&C insurers we cover.
Experian, Equifax, and TransUnion can profitably expand in multiple directions.
The company is sustaining its strong growth trajectory, but we think the current market price is overly rich.
The new CEO's background inspires confidence that he can fix issues.