NEW YORK--(BUSINESS WIRE)--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.
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.