|AIG RAISES QUARTERLY COMMON STOCK DIVIDEND 66.7 PERCENT OVER PREVIOUSLY DECLARED DIVIDEND|
NEW YORK, Jan 5, 2005 -- The Board of Directors of American International Group, Inc. (AIG) has increased the quarterly cash dividend on the company's common stock to 12.5 cents per share from the previously declared 7.5 cents per share. The dividend is to be paid on March 18, 2005 to shareholders of record on March 4, 2005.
This represents an increase of 66.7 percent over the previous dividend.
AIG Chairman M. R. Greenberg said, "Over the years, AIG has had significant growth in virtually all parts of its business. In recognition of AIG's superior financial position and our confidence in our strategic plans for future growth, we are pleased to increase our cash dividend."
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 retirement services, financial 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.
SOURCE: American International Group, Inc.American International Group, Inc.
Charlene Hamrah, 212-770-7074
Joe Norton, 212-770-3144