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NEW YORK--June 19, 2006--American International Group, Inc. (AIG) announced today that it filed an Amendment on Form S-3 to its Registration Statement (the Registration Statement) originally filed in March 2006, relating to shares of common stock of AIG which may be delivered by Starr International Company, Inc. (SICO) to AIG employees pursuant to SICO's Deferred Compensation Profit Participation Plans.

In connection with the review of the Registration Statement by the Staff of the Securities and Exchange Commission (SEC), as is customary, AIG received comments regarding both the Registration Statement and AIG's periodic reports incorporated by reference into the Registration Statement. In response to these comments, AIG today filed amendments to its Annual Report on Form 10-K for the year ended December 31, 2005 (Form 10-K/A) and its Current Report on Form 8-K, dated November 9, 2005 (Form 8-K/A). These filings resolve the SEC Staff's comments by providing expanded disclosure and do not involve any restatement of AIG's financial statements.

AIG also announced today that it has filed an Amendment to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2005 (Second Quarter 2005 Form 10-Q/A). The Second Quarter 2005 Form 10-Q/A completes the previously announced restatements of AIG's financial statements, as more fully described in AIG's Annual Report on Form 10-K/A for the year ended December 31, 2005. AIG is now able to resume registered offerings on short form registration statements (i.e., Form S-3).

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

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