Summary
American International Group, Inc. (AIG) filed an 8-K on February 16, 2021, to report its financial results for the fourth quarter and full year ended December 31, 2020. The filing primarily incorporates by reference a press release detailing these results and also announced a regular cash dividend payment to common and preferred stockholders. Investors should note that the core financial performance details are within the referenced press release (Exhibit 99.1), which is not provided in full here. However, the 8-K confirms the company's operational reporting and its commitment to returning capital to shareholders through declared dividends.
Key Highlights
- 1AIG reported its financial results for the quarter and year ended December 31, 2020, via a press release on February 16, 2021.
- 2The press release, attached as Exhibit 99.1, is incorporated by reference and contains the detailed financial information.
- 3The company's Board of Directors declared a cash dividend of $0.32 per share on its Common Stock.
- 4A cash dividend of $365.625 per share on its Series A 5.85% Non-Cumulative Perpetual Stock was also declared.
- 5Each depositary share representing a 1/1,000th interest in the preferred stock will receive a dividend of $0.365625.
- 6The filing confirms AIG is not an emerging growth company, meaning it does not elect to use extended transition periods for new accounting standards.
Frequently Asked Questions
The detailed financial results are provided in the press release dated February 16, 2021, which is attached as Exhibit 99.1 to this 8-K filing and incorporated by reference.
AIG declared a cash dividend of $0.32 per share on its Common Stock and a cash dividend of $365.625 per share on its Series A 5.85% Non-Cumulative Perpetual Stock (or $0.365625 per depositary share).
No, AIG is not an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.