AIG (AIG) Plans to Accelerate Streamlining Strategy; Maintains Active Dialogue with Icahn

AIG (NYSE: AIG) 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.

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