american international group (AIG) Key Developments
American International Group, Inc. Declares Dividend, Payable on June 25
Apr 30 15
American International Group, Inc. has declared a dividend of $0.125 per share on common stock, par value $2.50 per share. The dividend is payable on June 25, 2015, to stockholders of record at the close of business on June 11, 2015.
American International Group, Inc. Announces Consolidated Earnings Results for First Quarter Ended March 31, 2015
Apr 30 15
American International Group, Inc. announced consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported pre-tax income from continuing operations of $3,776 million or $1.78 diluted per share, pre-tax operating income of $2,527 million, net income attributable to the company of $2,468 million or $1.78 diluted per share, after-tax operating income attributable to the company of $1,691 million compared to the pre-tax income from continuing operations of $2,273 million or $1.12 diluted per share, pre-tax operating income of $2,556 million, net income attributable to the company of $1,609 million or $1.09 diluted per share, after-tax operating income attributable to the company of $1,741 million for the same quarter a year ago. The company announced that the return on equity - after-tax operating income, excluding AOCI and DTA of 8.4% against 8.4% same quarter a year ago. The company announced that the Book value per share excluding AOCI and DTA grew 14% from the first quarter of 2014 to $60.69. The company announced that the Pre-tax operating income increased to $1.5 billion in the first quarter of 2015 from $1.4 billion in the prior-year quarter, primarily due to improved underwriting results from Property Casualty and Mortgage Guaranty, partially offset by lower net investment income from Property Casualty and Institutional Markets.
AIG Presents at The 3rd Annual Sunshine Backed Bonds Conference, May-01-2015 09:00 AM
Apr 27 15
AIG Presents at The 3rd Annual Sunshine Backed Bonds Conference, May-01-2015 09:00 AM. Venue: Marriott New York Downtown, 85 West Street, New York, NY 10006, United States. Speakers: Tom N. Denkler, Head of Esoteric ABS.
American International Group Inc. Reaches $40 Million Settlement in Employee Pension Plan Lawsuit
Apr 27 15
American International Group Inc. announced that the company agreed to pay $40 million to settle allegations that the company's employee pension plans improperly invested in the company's stock as the company headed into the financial crisis. The proposed deal will cover participants in AIG's plans from August 7, 2007 through May 1, 2009.
American International Group Opens Centre for Shared Services in Sofia
Apr 23 15
The American International Group (AIG) launched a centre for shared services in the Bulgarian capital city of Sofia. The centre will support the company's activities in 17 European countries. It has already employed 350 specialists and the company plans to raise their number to 500 by end-2015.