AIG Repurchases Warrants from U.S. Treasury

Fri Mar 1, 2013 11:53am EST

* Reuters is not responsible for the content in this press release.

NEW YORK--(Business Wire)--
American International Group, Inc. (NYSE: AIG) announced today that it completed
the repurchase of warrants issued to the United States Department of the
Treasury (U.S. Treasury) in 2008 and 2009. The warrant issued in 2008 provided
the right to purchase approximately 2.7 million shares of AIG common stock at
$50.00 per share, and the warrant issued in 2009 provided the right to purchase
up to 150 shares of AIG common stock at $0.00002 per share. AIG and the U.S.
Treasury agreed upon a repurchase price of approximately $25 million for the
warrants. The U.S. Treasury does not have any residual interest in AIG after
AIG`s repurchase of these warrants. 

"With AIG repurchasing all outstanding warrants issued to the U.S. Treasury, we
are turning the final page on America`s assistance to AIG," said Robert H.
Benmosche, AIG President and Chief Executive Officer. "We appreciate the
opportunities this support allowed and are proud to have returned to America
every cent plus a profit of $22.7 billion." 

American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries and jurisdictions. AIG
companies serve commercial, institutional, and individual customers through one
of the most extensive worldwide property-casualty networks of any insurer. In
addition, AIG companies are leading providers of life insurance and retirement
services in the United States. AIG common stock is listed on the New York Stock
Exchange and the Tokyo Stock Exchange. 

Additional information about AIG can be found at | YouTube: | Twitter: @AIG_LatestNews | LinkedIn:

AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International Group,
Inc. For additional information, please visit our website at All
products and services are written or provided by subsidiaries or affiliates of
American International Group, Inc. Products or services may not be available in
all jurisdictions, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent third
parties. Certain property-casualty coverages may be provided by a surplus lines
insurer. Surplus lines insurers do not generally participate in state guaranty
funds, and insureds are therefore not protected by such funds.

American International Group, Inc.
Liz Werner, 212-770-7074
Jon Diat, 917-239-9241
Jim Ankner, 917-882-7677

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