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AIG FIRST QUARTER 2004 EARNINGS TO INCORPORATE NEW REPORTING FORMAT
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NEW YORK--April 15, 2004--As previously announced, American International Group, Inc. (AIG) will report its first quarter 2004 earnings on Thursday, April 22, 2004. The first quarter 2004 earnings announcement will include a number of changes in the reporting format of AIG's Life Insurance, Retirement Services and Asset Management businesses.

The results of AIG's Life Insurance and Retirement Services businesses will be combined into a single reporting segment, reflecting the convergence of protective and retirement products and AIG's current management of these operations. Asset Management, which was previously presented with Retirement Services, will now be reported as a separate reporting segment.

A comparison of the Supplementary Earnings Data in the new and previous format and a supplement providing quarterly historical information under the new format from first quarter 2001 are available at the investor information section of www.aigcorporate.com.

American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include financial services, retirement services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, 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.


    CONTACT: American International Group, Inc., New York
             Charlene Hamrah, Investment Community
             212-770-7074
             or
             Joe Norton, News Media
             212/770-3144

    SOURCE: American International Group, Inc.