AIG (AIG) Reports In-Line Q3 EPS

AIG Reports Third Quarter 2015 Results, $0.5 Billion in Restructuring Charges to Simplify Organization, Improve Efficiency and Rationalize Businesses

After-tax operating income of $691 million or $0.52 per diluted share; net loss of $231 million or $0.18 per share on a reported basis Restructuring initiatives expected to result in pre-tax restructuring and other costs of approximately $0.5 billion for organizational simplification, operational efficiency and business rationalization, and expected to generate annualized savings of approximately $0.4 billion to $0.5 billion when fully implemented. Results for the third quarter of 2015 include approximately $274 million of pre-tax restructuring and other costs, with the remainder expected to be recognized through 2017 General operating expenses, operating basis (GOE), decreased 6 percent pre-tax... More

AIG Declares Common Stock Dividend of $0.28 Per Share

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors declared a dividend of $0.28 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on December 21, 2015, to stockholders of record at the close of business on December 7, 2015.

This dividend will result in an adjustment to the exercise price of the outstanding warrants (CUSIP number 026874156) (the Warrants) to purchase shares of AIG Common Stock and an adjustment to the number of shares of AIG Common Stock receivable upon Warrant exercise. The exact... More