01—Abstract
Summary
Summary of the 10-K/A filed March 13, 2009. Cited figures are marked; the original filing is the authoritative source.
This 10-K/A filing from American International Group, Inc. (AIG), dated March 13, 2009, is an amendment primarily focused on correcting the Exhibit List in Part IV.
It covers the fiscal year ended December 31, 2008, a period of significant financial turmoil. While the core financial results and business operations are not altered by this specific amendment, the filing context is crucial for investors. As a large accelerated filer, AIG was navigating the challenges of the late 2008 financial crisis, which would have implications across its vast insurance and financial services operations.
02—Key points
Key Highlights
- This filing is an Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2008.
- The primary purpose of this amendment is to correct the Exhibit List under Item 15(b) of Part IV.
- All other items of the original Form 10-K are stated to be unaffected by this amendment.
- AIG was classified as a large accelerated filer as of the reporting period.
- The aggregate market value of AIG's common equity held by non-affiliates was approximately $61.75 billion as of June 30, 2008.
- As of January 30, 2009, AIG had approximately 2.69 billion shares of Common Stock outstanding.
- The filing incorporates by reference portions of AIG's definitive proxy statement for the 2009 Annual Meeting of Shareholders into Part III.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2008filed March 13, 2009Financial Statements
FY2008 against FY2007
| Line item | FY2008FY2007 | Change |
|---|---|---|
| Revenue | -$6.84B$103.63B | −106.6% |
| SG&A Expenses | $20.83B$19.82B | +5.1% |
| Interest Expense | $15.71B$4.75B | +230.7% |
| Net Income | -$99.29B$6.20B | −1701.4% |
| Shares Outstanding (Basic) | 131.71M129.23M | +1.9% |
| Shares Outstanding (Diluted) | 131.71M129.90M | +1.4% |
05—Questions
Frequently Asked Questions
What is the main purpose of this amended 10-K filing?
The primary purpose of this Amendment No. 1 is to correct the Exhibit List within Item 15(b) of Part IV of the original Form 10-K for the year ended December 31, 2008. The core financial information and disclosures from the original filing remain unchanged by this amendment.
What financial period does this report cover?
This report covers the fiscal year ended December 31, 2008.
What is AIG's filer status and what does it imply?
AIG is classified as a 'large accelerated filer'. This status indicates that the company meets certain thresholds for market capitalization and filing history, suggesting it is a well-established public company with significant financial reporting requirements.
Are there any new financial results or operational changes disclosed in this amendment?
No, this amendment specifically states that all other Items of the 2008 Annual Report on Form 10-K are unaffected. The purpose is solely to rectify an administrative detail in the exhibit list, not to update financial performance or disclose new business developments.
06—Continue