Item 8.01. Other Events
On October 12, 2009, American International Group, Inc. (AIG) announced
that it had entered into an agreement to sell the 97.57 percent share of Nan
Shan Life Insurance Company, Ltd. (Nan Shan) held through its subsidiaries to a
consortium for approximately $2.15 billion. As a result of this transaction, AIG
expects to meet the criteria for "held-for-sale" accounting with respect to Nan
Shan and recognize a loss of approximately $1.4 billion net of taxes in the
fourth quarter of 2009.
The press release announcing the agreement to sell Nan Shan is included as
Exhibit 99.1 to this Form 8-K and is incorporated into this Item 8.01 by
reference.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 Press release of American International Group, Inc. dated
October 12, 2009.
Table of Contents