|AIG ISSUES STATEMENT REGARDING TRADING ACTIVITY|
NEW YORK --April 22, 2002--American International Group, Inc. (AIG) has issued the following statement regarding trading activity in its stock today:
AIG stock is trading down significantly. We have observed considerable short selling in the stock and have requested the New York Stock Exchange and the Securities and Exchange Commission to investigate this activity.
AIG is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter of commercial and industrial insurance in the United States, and the second-largest U.S. life insurer. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.