NEW YORK--(BUSINESS WIRE)--Jun. 5, 2014--
American International Group, Inc. (NYSE:AIG) today announced that its
Board of Directors has authorized the repurchase of additional shares of
AIG Common Stock with an aggregate purchase price of up to $2.00
billion. Since the end of the 2014 first quarter, AIG has repurchased
approximately $418 million of shares of AIG Common Stock. AIG’s
aggregate remaining share repurchase authorization, inclusive of today’s
announced $2.00 billion authorization, is approximately $2.12 billion.
Repurchases may be made from time to time in the open market, private
purchases, through forward, derivative, accelerated repurchase or
automatic repurchase transactions, or otherwise.
“We are very pleased that the consummation of our sale of International
Lease Finance Corporation and our strong capital position have allowed
us to authorize this share repurchase, which enables us to return a
portion of our sale proceeds directly to our shareholders,” said Robert
S. Miller, Chairman of the Board of AIG.
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which, by
their nature, are inherently uncertain and outside AIG’s control. It is
possible that actual results will differ, possibly materially, from the
anticipated results indicated in these statements. Factors that could
cause actual results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGInsurance
| LinkedIn: http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
Source: American International Group, Inc.
Liz Werner, 212-770-7074