American International Group Inc

American International Group, Inc. (AIG), is a holding company, which through its subsidiaries, is engaged primarily in a range of insurance and insurance-related activities in the United States and abroad. AIG's four reportable segments include: General Insurance, Domestic Life Insurance & Retirement Services, Foreign Life Insurance & Retirement Services, and Financial Services. In March 2010, the Company closed the sale of a portion of its asset management business to Pacific Century Group.In November 2010, MetLife, Inc. acquired American Life Insurance Company from American International Group, Inc. In December 2010, Fortress Investment Group LLC acquired 80% interest in American General Finance Inc. from the Company.

AIG has listed in New York Stock Exchange since October 8,1984. AIG has P/E Ratio-1.20, Beta Coefficient 3.70, Earnings per Share-45.42, Shares Outstanding 667,256,000.

American International Group, Inc. (AIG) announced on December 27,2010, it had entered into 364-Day and 3-Year Bank Credit Facilities totaling $3 billion split evenly between the two. AIG also announced that Chartis has entered into a 1-Year $1.3 billion Letter of Credit Facility. Thirty-Six banks participated in the facilities. The facilities will be available upon the closing of the previously announced recapitalization plan with the United States Department of the Treasury, the Federal Reserve Bank of New York and the AIG Credit Facility Trust.

The signing of the AIG and Chartis facilities follows AIG's successful return to the debt market earlier this month, at which time AIG raised $2 billion selling senior unsecured notes and also established a $500 million contingent liquidity facility after more than a two-year absence from these markets.

"This success is another important vote of confidence by the market in AIG," said AIG Chief Executive Officer Robert Benmosche. "These credit facilities, combined with the debt offering and contingent liquidity facility, demonstrate that AIG has momentum and has made substantial and impressive progress this year.

"As we approach year's end, we believe we are close enough to completing our recapitalization plan that we can see the finish line," Mr. Benmosche said.

In addition to today's announcement, over the last six months AIG achieved the following milestones:

Sold an aggregate of $2.0 billion in debt, including $500 million in three-year notes and $1.5 billion in 10-year notes on December 2. Established a $500 million contingent liquidity facility on December 15. Raised $37 billion through the ALICO sale and AIA initial public offering earlier this fall. Entered an agreement to sell its AIG Star and AIG Edison life insurance companies for $4.3 billion on September 30. On September 30, announced AIG's recapitalization plan to repay the Federal Reserve Bank of New York in full, facilitate the government's ultimate exit from AIG, and repay the American taxpayer.