AIG (AIG) Declares $0.32 Quarterly Dividend; Adds $3B to Stock Buyback Program

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Go back to AIG (AIG) Declares $0.32 Quarterly Dividend; Adds $3B to Stock Buyback Program

AIG Reports Third Quarter 2016 Results

November 2, 2016 4:20 PM EDT

Board of Directors Authorizes Repurchase of $3.0 Billion of Additional Shares of AIG Common Stock

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today reported net income of $462 million, or $0.42 per diluted share, for the third quarter of 2016, compared to a net loss of $231 million, or $0.18 per diluted share, in the prior-year quarter.

Net income during the quarter included after-tax net realized capital losses of $526 million, or $0.48 per diluted share, which largely reflected higher foreign exchange losses related to the British pound weakening following the Brexit vote. The... More

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

November 2, 2016 4:19 PM EDT

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 $3.0 billion. During the nine-month period ended September 30, 2016, AIG repurchased approximately $8.5 billion of AIG Common Stock and $263 million in warrants to purchase shares of AIG Common Stock (the Warrants), pursuant to prior authorizations from the Board of Directors. AIG repurchased an additional approximately $946 million of AIG Common Stock through November 2, 2016. AIGs aggregate... More

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

November 2, 2016 4:19 PM EDT

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 $3.0 billion. During the nine-month period ended September 30, 2016, AIG repurchased approximately $8.5 billion of AIG Common Stock and $263 million in warrants to purchase shares of AIG Common Stock (the Warrants), pursuant to prior authorizations from the Board of Directors. AIG repurchased an additional approximately $946 million of AIG Common Stock through November 2, 2016. AIGs aggregate... More