AIG Expects 4Q Charge Of $4.1B For Loss ReservesThe New York insurance company said Wednesday that it also reached a deal with the Treasury Department allowing it to keep $2 billion in proceeds from the sale of its life insurance divisions.
AIG Completes Sale Of 2 Life Insurance UnitsAIG, which agreed to the sale in September, said it will keep its remaining insurance businesses in Japan.
AIG To Issue Warrants As Part Of Gov't Exit PlanAIG will issue 75 million warrants on Jan. 19 to shareholders of record Jan. 13. Shareholders who exercise the warrants stand to gain 36 percent if AIG's stock price retains its current level of about $61.
AIG Set To Repay $37 Billion In Bailout MoneyAIG said it closed its sale of American Life Insurance Co. Monday to MetLife Inc. for $16.2 billion. It said last week that it raised $20.51 billion through an initial public offering for AIA Group Ltd.
AIG Reaches Deal To Repay Gov't Bailout MoneyNew York-based AIG was one of the hardest hit financial companies by the credit crisis and received the largest bailout the government doled out.
Report: AIG, Government Discuss Bailout RepaymentThe plan would begin with the Treasury Department converting $49 billion in preferred stock it holds in AIG into common shares, according to the report.