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Healthcare

BRIEF-AIG CEO Says Expects IPO Of Life And Retirement Business In Q1 Or Q2 Next Year - Conf call

Nov 5 (Reuters) - American International Group Inc:

* AIG CEO SAYS EXPECTS TO REDEEM OR REPURCHASE AN ADDITIONAL $1 BILLION OF DEBT IN Q4 - CONF CALL

* AIG CEO SAYS EXPECTS TO REPURCHASE A MINIMUM OF $900 MILLION OF COMMON STOCK THROUGH YEAR-END

* AIG CEO SAYS NOW EXPECTS TO ACHIEVE A SUB-90 ACCIDENT YEAR COMBINED RATIO, EXCLUDING CATASTROPHE LOSSES, FOR FULL YEAR 2022

* AIG CEO SAYS EXPECTS ANY Q4 CATASTROPHE LOSSES TO BE ‘LIMITED’

* AIG CEO SAYS CONTINUES TO EXPECT IPO OF LIFE AND RETIREMENT BUSINESS IN EITHER Q1 OR Q2 OF 2022

* AIG CEO SAYS EXPECTS TO RETAIN MORE THAN 50% INTEREST IN LIFE AND RETIREMENT BUSINESS IMMEDIATELY AFTER THE IPO

* AIG CEO SAYS WILL CONTINUE TO CONSOLIDATE LIFE AND RETIREMENT’S FINANCIAL STATEMENTS UNTIL CO FALLS BELOW 50% OWNERSHIP THRESHOLD Further company coverage:

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