10-K/APeriod: FY2010

AMERICAN INTERNATIONAL GROUP, INC. Annual Report (Amendment), Year Ended Dec 31, 2010

Filed March 31, 2011For Securities:AIG

Summary

This filing represents Amendment No. 1 to AMERICAN INTERNATIONAL GROUP, INC.'s (AIG) 2010 Annual Report on Form 10-K, filed on March 31, 2011. The primary purpose of this amendment is to add specific certifications related to Section 111(b)(4) of the Emergency Economic Stabilization Act of 2008. These certifications are provided by the Principal Executive Officer (Robert H. Benmosche, President and CEO) and the Principal Financial Officer, ensuring compliance with regulatory requirements during a period of significant government oversight following the 2008 financial crisis. While this amendment does not introduce new financial statements or operational details, it underscores AIG's ongoing commitment to transparency and regulatory adherence. Investors should note that these certifications are a procedural addition, reinforcing the company's governance structure and its responsiveness to the conditions set by the U.S. government during its period of financial restructuring. The inclusion of these exhibits is crucial for understanding AIG's compliance framework in the context of its government-supported recovery efforts.

Financial Highlights

28 data points
Beta

Revenue

$72.83B

Net Income

$10.06B

13.8% Net Margin

Total Assets

$683.44B

Cash & Equivalents

$1.56B

Free Cash Flow

$16.60B

Financial Statements
Beta
Revenue$72.83B
SG&A Expenses$10.16B
Operating Income$11.08B
Interest Expense$6.74B
Net Income$10.06B
Shares Outstanding (Basic)136.59M
Shares Outstanding (Diluted)136.65M

Key Highlights

  • 1Amendment No. 1 to AIG's 2010 Form 10-K filed on March 31, 2011.
  • 2Addition of Rule 13a-14(a)/15d-14(a) certifications as Exhibit 31.
  • 3Inclusion of specific certifications from the CEO and CFO pursuant to Section 111(b)(4) of the Emergency Economic Stabilization Act of 2008 (Exhibits 99.1 and 99.2).
  • 4These certifications pertain to AIG's compliance and governance during its period of government assistance.
  • 5The filing emphasizes regulatory compliance and procedural adherence.
  • 6Robert H. Benmosche, President and CEO, signed the report, indicating his direct oversight.

Frequently Asked Questions

The main purpose of this Amendment No. 1 is to add specific certifications required by the SEC and the Emergency Economic Stabilization Act of 2008. These certifications ensure that the Principal Executive Officer and Principal Financial Officer are attesting to the accuracy and completeness of the company's disclosures and compliance with specific regulations.

No, this filing is primarily a procedural amendment to add exhibits. It does not introduce new financial statements, updated financial results, or significant changes in business operations. The core financial information for 2010 would have been presented in the original Form 10-K filing.

These certifications are required because AIG received significant financial assistance from the U.S. government under the Troubled Asset Relief Program (TARP), which was established by the Emergency Economic Stabilization Act of 2008. The certifications ensure accountability and compliance with the terms and conditions associated with this government support during the company's restructuring period.

The amendment was signed by Robert H. Benmosche, President and Chief Executive Officer of AIG. This signifies his direct authorization and acknowledgment of the certifications and compliance measures being filed with the SEC.