AIG RAISES QUARTERLY COMMON STOCK DIVIDEND 11.9 PERCENT
NEW YORK, May 15, 2002 -- The Board of Directors of American
International Group, Inc. (AIG) today declared a quarterly cash dividend on the
company's common stock of 4.7 cents per share, payable on September 20, 2002 to
shareholders of record on September 6, 2002. This represents an 11.9 percent
increase in the quarterly cash dividend on AIG common stock.
AIG is the world's leading U.S.-based international insurance and financial
services organization, the largest underwriter of commercial and industrial
insurance in the United States, and among the top-ranked U.S. life insurers. Its
member companies write a wide range of general insurance and life insurance
products for commercial, institutional and individual customers through a
variety of distribution channels in approximately 130 countries and
jurisdictions throughout the world. AIG's global businesses also include
financial services, retirement savings and asset management. AIG's financial
services businesses include aircraft leasing, financial products, trading and
market making, and consumer finance. AIG has one of the largest retirement
savings businesses in the United States and is a leader in asset management for
the individual and institutional markets, with specialized investment management
capabilities in equities, fixed income, alternative investments and real estate.
AIG's common stock is listed on the New York Stock Exchange, as well as the
stock exchanges in London, Paris, Switzerland and Tokyo.
CONTACT: American International Group, Inc.
Charlene Hamrah, 212/770-7074
Joe Norton, 212/770-3144