AIG (AIG) Raises Quarterly Dividend 14.3% to $0.32; 2.5% Yield

AIG Reports Fourth Quarter 2015 After-Tax Operating Loss of $1.3 Billion or $1.10 Per Diluted Share

February 11, 2016 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today reported an after-tax operating loss of $1.3 billion, or $1.10 per diluted share, for the fourth quarter of 2015, compared to after-tax operating income of $1.4 billion, or $0.97 per diluted share, in the prior-year quarter. Full year 2015 after-tax operating income was $2.9 billion, or $2.19 per diluted share, compared to $6.6 billion, or $4.58 per diluted share, for full year 2014. The fourth quarter operating loss was primarily due to adverse prior year loss reserve development, and lower returns on alternative investments.

On a reported basis, AIG recognized a net loss of... More

AIG Board of Directors Authorizes Repurchase of Additional Shares of AIG Common Stock, Declares Increased Common Stock Dividend

February 11, 2016 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced the following actions taken by its Board of Directors:

Authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $5.0 billion. During 2015, AIG repurchased approximately $10.7 billion of shares of AIG Common Stock, pursuant to prior authorizations from the Board of Directors. AIG made additional repurchases of approximately $2.5 billion through February 11, 2016. AIGs aggregate remaining share repurchase authorization, inclusive of todays announced $5.0 billion authorization, is approximately $5.8 billion.... More

AIG Announces Expansion of Board of Directors and Nominates Two New Directors

February 11, 2016 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) said today that its Board of Directors has agreed to expand the size of the AIG Board from 14 seats to 16 seats.

The Board will nominate its existing Board of Directors, as well as John Paulson, President of Paulson & Co., and Samuel Merksamer, a Managing Director of Icahn Capital LP, as the slate of directors to be included in AIGs proxy statement for election at the 2016 AIG Annual Meeting of Shareholders.

Douglas M. Steenland, AIG Chairman of the Board, said:... More