NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE:AIG) today issued the following statement:
AIG has taken numerous steps to streamline its businesses, narrow focus, improve financial performance and return capital to shareholders as discussed on the third quarter earnings call on Tuesday, November 3, 2015.
The company intends to take additional actions to further accelerate its previously announced strategy. AIG will communicate these actions and provide an update on its continuous and proactive steps to drive shareholder value to the financial community in the near term and in advance of the fourth quarter earnings report.
AIG maintains an active dialogue with shareholders, including Carl Icahn. As previously stated, Management and the Board have carefully reviewed a separation of AIG’s businesses on many occasions, including in the recent past, and have concluded it did not make financial sense.
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.