8-KRegulation FD

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Regulation FD Disclosure (Oct 14, 2004)

Filed October 14, 2004For Securities:AIG

Summary

This Form 8-K filing by American International Group, Inc. (AIG) on October 14, 2004, announces the company's estimated total losses from a series of major natural disasters. These include Hurricanes Charley, Frances, Ivan, and Jeanne, as well as Typhoons Chaba, Songda, and Meari in Japan. The disclosure provides investors with crucial information regarding the financial impact of these significant catastrophic events on AIG's operations and profitability during that period. The press release, attached as an exhibit, details the aggregate financial exposure AIG anticipates from these combined weather events. Investors should pay close attention to these figures as they represent a direct, quantifiable impact on the company's earnings and reserves. This announcement is important for understanding AIG's risk management and its ability to absorb such substantial claims.

Key Highlights

  • 1AIG issued an estimated total loss figure related to Hurricanes Charley, Frances, Ivan, and Jeanne.
  • 2AIG also provided an estimate for losses stemming from Typhoons Chaba, Songda, and Meari in Japan.
  • 3The filing disseminates information regarding the financial impact of multiple significant natural disasters.
  • 4This 8-K filing serves as a Regulation FD disclosure, ensuring timely and broad public dissemination of material information.
  • 5The announcement aims to inform investors about the company's exposure to catastrophic weather events.
  • 6A press release detailing these loss estimates is included as an exhibit.

Frequently Asked Questions

The primary purpose of this filing is to publicly disclose AIG's estimated total losses resulting from several major hurricanes and typhoons that occurred in late 2004. This is done to comply with Regulation FD, ensuring all investors have access to this material information simultaneously.

The filing mentions Hurricanes Charley, Frances, Ivan, and Jeanne, as well as Typhoons Chaba, Songda, and Meari (which occurred in Japan).

The specific estimated total losses are detailed in the press release dated October 14, 2004, which is attached as Exhibit 99.1 to this Form 8-K filing.

This information is important for investors as it provides a quantitative estimate of the financial impact of significant catastrophic events on AIG's earnings and reserves. It helps investors assess the company's risk exposure and its ability to manage and absorb such claims.