AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG) Files An 8-K Results of Operations and Financial Condition
Item2.02.
|
Results of Operations and Financial Condition. |
On April19, 2017, American International Group, Inc. (AIG) issued
a press release announcing the estimated impact of the recent
decision by the UK Ministry of Justice to reduce the discount
rate applied to lump-sum bodily injury payouts, known as the
Ogden rate, and announcing that beginning in the first quarter of
2017, AIG will begin amortizing the deferred gain related to the
adverse development cover entered into with Berkshire Hathaway
over the expected reinsurance recovery period. A copy of the
press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K.
The information in Item 2.02 of this Current Report on Form 8-K,
including the exhibit hereto, shall not be deemed filed for the
purposes of Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section. Furthermore, the information in Item
2.02 of this Current Report on Form 8-K, including the exhibit
hereto, shall not be deemed incorporated by reference into any
filing under the Securities Act of 1933, as amended, or the
Exchange Act.
Section9 Financial Statements and Exhibits
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. | |
| 99.1 |
Press Release of American International Group, Inc. dated April19, 2017. |
About AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG)
American International Group, Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category. Commercial Insurance has three operating segments: Property Casualty, Mortgage Guaranty and Institutional Markets. Commercial Insurance segment is a provider of insurance products and services for commercial and institutional customers. Consumer Insurance also has three operating segments: Retirement, Life and Personal Insurance. Consumer Insurance is a franchise that offers a portfolio of retirement, life insurance and property casualty products through multiple distribution networks. Corporate and Other includes the Company, as well as certain legacy assets and run-off insurance businesses. AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG) Recent Trading Information
AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG) closed its last trading session down -0.52 at 58.98 with 4,841,345 shares trading hands.
