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AIG > SEC Filings for AIG > Form 8-K on 15-Oct-2009All Recent SEC Filings

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Form 8-K for AMERICAN INTERNATIONAL GROUP INC


15-Oct-2009

Other Events


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.


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