Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

American International Group / Equity Bottom-Up

<ul><li>American International Group reported solid second quarter results in 2026, reflecting progress in executing its strategic priorities and delivering on financial targets outlined at its 2025 Investor Day.</li><li>The company posted an adjusted after-tax income of $1.1 billion, up 10% year-over-year, with adjusted after-tax income per diluted share of $2.</li><li>Core operating return on equity reached 11.1% for the quarter and 11.6% year-to-date.</li></ul>

American International Group reported solid second quarter results in 2026, reflecting progress in executing its strategic priorities and delivering on financial targets outlined at its 2025 Investor Day.The company posted an adjusted after-tax income of $1.1 billion, up 10% year-over-year, with adjusted after-tax income per diluted share of $2.Core operating return on equity reached 11.1% for the quarter and 11.6% year-to-date.

AIG’s Hidden Earnings Lever — Underwriting Income Just Rose 10%!

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Research Reinvented

<ul>
  <li>AIG has successfully transformed into a more focused, global property and casualty insurer following the complete separation of its Life &amp; Retirement business, Corebridge Financial.</li>
  <li>The company is demonstrating strong underwriting discipline, reversing years of underwriting losses to achieve sustained profitability and a core operating ROE exceeding 10% for the first time in over a decade.</li>
  <li>While facing competitive pressures and market volatility, AIG's strategic focus on operational efficiency, selective growth in profitable niches, and disciplined capital management positions it for future success.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  AIG has successfully transformed into a more focused, global property and casualty insurer following the complete separation of its Life &amp; Retirement business, Corebridge Financial.
  The company is demonstrating strong underwriting discipline, reversing years of underwriting losses to achieve sustained profitability and a core operating ROE exceeding 10% for the first time in over a decade.
  While facing competitive pressures and market volatility, AIG's strategic focus on operational efficiency, selective growth in profitable niches, and disciplined capital management positions it for future success.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: American International Group (AIG US) - Aug 2026

<ul><li>American Airlines Group reported strong second-quarter 2026 results characterized by significant top-line growth amid a challenging fuel expense environment.</li><li>The company achieved record quarterly revenue with a 16.3% year-over-year increase, driven by broad-based demand recovery across all regions, including strong performances in domestic hubs like Washington National, Dallas-Fort Worth, and Los Angeles; the Atlantic market led by London; the Pacific led by Japan; and Latin America bolstered by Mexico demand and reentry into Venezuela.</li><li>The revenue growth reflects execution of their commercial strategy centered on four pillars: elevating customer experience, expanding the global network, driving premium revenue, and leading in loyalty.</li></ul>

American Airlines Group reported strong second-quarter 2026 results characterized by significant top-line growth amid a challenging fuel expense environment.The company achieved record quarterly revenue with a 16.3% year-over-year increase, driven by broad-based demand recovery across all regions, including strong performances in domestic hubs like Washington National, Dallas-Fort Worth, and Los Angeles; the Atlantic market led by London; the Pacific led by Japan; and Latin America bolstered by Mexico demand and reentry into Venezuela.The revenue growth reflects execution of their commercial strategy centered on four pillars: elevating customer experience, expanding the global network, driving premium revenue, and leading in loyalty.

American Airlines Posts Record Revenue — But Fuel Changes Everything!

<ul><li>American International Group, Inc. reported a strong start to 2026, driven by robust operational and financial performance across its insurance segments.</li><li>General Insurance net premiums written increased 18% year-over-year on a constant dollar basis, with notable growth in Global Commercial Insurance (21%) and Global Personal Insurance (11%).</li><li>The company's disciplined underwriting approach contributed to improved profitability, reflected in an accident year combined ratio (as adjusted) of 86.6% for General Insurance, a 120 basis point improvement from the prior year.</li></ul>

American International Group, Inc. reported a strong start to 2026, driven by robust operational and financial performance across its insurance segments.General Insurance net premiums written increased 18% year-over-year on a constant dollar basis, with notable growth in Global Commercial Insurance (21%) and Global Personal Insurance (11%).The company's disciplined underwriting approach contributed to improved profitability, reflected in an accident year combined ratio (as adjusted) of 86.6% for General Insurance, a 120 basis point improvement from the prior year.

American International Group (AIG)’s $760 Million Capital Return: Hidden Value Or Peak Discipline?

<ul><li>American Airlines Group delivered a mixed but broadly resilient first quarter, with the discussion pointing to strong revenue momentum but also meaningful pressure from fuel, weather disruption and execution risk.</li><li>The central positive was demand strength across the network.</li><li>Management highlighted 10.8% year over year revenue growth in the quarter and guided to approximately 15% revenue growth in the second quarter, supported by strong booking trends, premium cabin demand, corporate travel recovery and better domestic pricing.</li></ul>

American Airlines Group delivered a mixed but broadly resilient first quarter, with the discussion pointing to strong revenue momentum but also meaningful pressure from fuel, weather disruption and execution risk.The central positive was demand strength across the network.Management highlighted 10.8% year over year revenue growth in the quarter and guided to approximately 15% revenue growth in the second quarter, supported by strong booking trends, premium cabin demand, corporate travel recovery and better domestic pricing.

American Airlines Group’s High-Stakes Turnaround: Premium Upselling

United States

American International Group, Inc. is an international insurance organization serving commercial, institutional and individual customers. AIG provides property-casualty insurance, life insurance and retirement services.

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American International Group (AIG US)

AIG’s Hidden Earnings Lever — Underwriting Income Just Rose 10%!

American International Group reported solid second quarter results in 2026, reflecting progress in executing its strategic priorities and...

Baptista Research

Primer: American International Group (AIG US) - Aug 2026

AIG has successfully transformed into a more focused, global property and casualty insurer following the complete separation of its Life &...

αSK Primers

American Airlines Posts Record Revenue — But Fuel Changes Everything!

American Airlines Group reported strong second-quarter 2026 results characterized by significant top-line growth amid a challenging fuel expense...

Baptista Research

American International Group (AIG)’s $760 Million Capital Return: Hidden Value Or Peak Discipline?

American International Group, Inc. reported a strong start to 2026, driven by robust operational and financial performance across its insurance...

Baptista Research

American Airlines Group’s High-Stakes Turnaround: Premium Upselling

American Airlines Group delivered a mixed but broadly resilient first quarter, with the discussion pointing to strong revenue momentum but also...

Baptista Research

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