NEW YORK--(BUSINESS WIRE)--Feb. 1, 2016--
American International Group, Inc. (NYSE:AIG) today is providing
supplemental materials on the benefits of diversification, the value of
its deferred tax assets (DTA) and the regulatory environment in relation
to the company’s designation as a non-bank SIFI.
Since announcing its strategic update on January 26, AIG has engaged
with its shareholders and it is providing the supplemental information
to address questions they have raised.
The supplemental materials, which confirm information previously
provided, are:
-
A presentation by consulting firm Oliver Wyman describing and
quantifying the benefits of diversification;
-
Additional slides on the DTA and a memorandum by Sullivan &
Cromwell LLP with respect to the DTA; and
-
An overview by the Company of AIG’s regulatory environment as it
relates to its non-bank SIFI status.
Douglas M. Steenland, AIG Non-Executive Chairman of the Board, said:
“Our Board of Directors and management are fully aligned behind the
strategy outlined on January 26. We look forward to continued
discussions with our shareholders on the strategy we have advanced.”
The supplemental information will be available on www.aig.com/strategy-update
as well as furnished with the SEC and included in the updated investor
presentation.
Additional information about AIG can be found at www.aig.com
| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160201006326/en/
Source: American International Group, Inc.
American International Group, Inc.
Liz Werner (Investors),
212-770-7074
elizabeth.werner@aig.com
or
Jon
Diat (Media), 212-770-3505
jon.diat@aig.com
or
Jennifer
Hendricks Sullivan (Media), 212-770-3141
jennifer.sullivan@aig.com