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American International Group, Inc. Message Board

  • futureripplemovers futureripplemovers Feb 14, 2014 9:18 AM Flag

    AIG Reports Fourth Quarter 2013 Net Income Attributable to AIG of $2.0 Billion and Diluted Earnings Per Share of $1.34

    AIG Reports Fourth Quarter 2013 Net Income Attributable to AIG of $2.0 Billion and Diluted Earnings Per Share of $1.34

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    • Fourth quarter 2013 after-tax operating income attributable to AIG of $1.7 billion; after-tax operating income per diluted share attributable to AIG of $1.15
    • Full year 2013 pre-tax insurance operating earnings exceed $10 billion; growth in all core insurance operations
    • On February 13, 2014, AIG’s Board of Directors announced a 25 percent increase in AIG’s quarterly dividend to $0.125 per share; and authorized the repurchase of additional shares of AIG Common Stock, with an aggregate purchase price of up to $1.0 billion, resulting in an aggregate remaining repurchase authorization of approximately $1.4 billion
    • Announced an agreement to sell International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. in the fourth quarter of 2013 for total consideration of approximately $5.4 billion
    • Book value per share grew 3 percent from year end 2012 to $68.62; book value per share excluding accumulated other comprehensive income (AOCI) grew 11 percent from year end 2012 to $64.28
    • Cash dividends and loan repayments to AIG Parent from insurance subsidiaries totaled $4.1 billion in the fourth quarter of 2013; $8.7 billion for the full year of 2013

    NEW YORK--(BUSINESS WIRE)--Feb. 13, 2014-- American International Group, Inc. (NYSE: AIG) today reported net income attributable to AIG of $2.0 billion or $1.34 per diluted share for the quarter ended December 31, 2013, compared to a net loss of $4.0 billion or $2.68 per diluted share for the fourth quarter of 2012. The year ago quarter included a $4.4 billion net loss associated with the sale of ILFC and pre-tax catastrophe losses of $2.0 billion from Storm Sandy ($1.3 billion after tax). Full year 2013 net income attributable to AIG was $9.1 billion, or $6.13 per diluted share, compared with $3.4 billion, or $2.04 per diluted share, for the full year of 2012.

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