SEC Comment Letter for AMERICAN INTERNATIONAL GROUP, (AIG) — Nov 30, 2010
AMERICAN INTERNATIONAL GROUP, INC.
Date: Nov. 30, 2010 · CIK: 0000005272 · Accession: 0000000000-10-071306
AI Filing Summary & Sentiment
File numbers found in text: 001-8787
Letter
November 17, 2010 Mr. Robert H. Benmosche President and Chief Executive Officer American Internati onal Group, Inc. 180 Maiden Lane New York, New York 10038 Re: American International Group, Inc. Form 10-Q for the Fiscal Qu arter Ended September 30, 2010 File No. 001-8787
Dear Mr. Benmosche:
We have reviewed your November 12, 2010 response to our November 10, 2010 letter and have the following comments. Please respond to this letter within te n business days by providing the requested information or by advising us when you will provide the requested response. If you do not believe a comment applies to your facts and circ umstances, please tell us why in your response. Please furnish us a letter on EDGAR under the fo rm type label CORRESP that keys your responses to our comments. After reviewing the information provided, we may raise additional comments and/or request that you amend your filing.
Item 2. Management’s Discussion and Analys is of Financial Condition and Results of Operations General:
1. Please provide proposed new disclosure that includes the information provided in your responses to prior comments one and three. Notes to Consolidated Financial Statements
1. Summary of Significant Accounting Policies
Recapitalization, page 12
2. You appear to indicate that In ternational Lease Finance Corpor ation will be sold prior to Closing of the Recapitalization Plan, under which you followed an accelerated time
Mr. Robert H. Benmosche American International Group November 17, 2010 Page 2
frame to dispose of AGF, AIG Edison and AI G Star in the third quarter of 2010. Please disclose the assets and liabilities for Intern ational Lease Finance Corporation. Also, tell us your basis for not classifying this busine ss as held for sale at September 30, 2010.
Please contact Frank Wyman, Staff Accountant, at (202) 551-3660 or Joel Parker, Accounting Branch Chief, at (202) 551-3651, if you have any questions re garding the comments. In this regard, do not hesitate to contact me at (202) 551-3679.
Sincerely,
Jim B. Rosenberg Senior Assistant Chief Accountant
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November 17, 2010 Mr. Robert H. Benmosche President and Chief Executive Officer American Internati onal Group, Inc. 180 Maiden Lane New York, New York 10038 Re: American International Group, Inc. Form 10-Q for the Fiscal Qu arter Ended September 30, 2010 File No. 001-8787 Dear Mr. Benmosche: We have reviewed your November 12, 2010 response to our November 10, 2010 letter and have the following comments. Please respond to this letter within te n business days by providing the requested information or by advising us when you will provide the requested response. If you do not believe a comment applies to your facts and circ umstances, please tell us why in your response. Please furnish us a letter on EDGAR under the fo rm type label CORRESP that keys your responses to our comments. After reviewing the information provided, we may raise additional comments and/or request that you amend your filing. Item 2. Management’s Discussion and Analys is of Financial Condition and Results of Operations General: 1. Please provide proposed new disclosure that includes the information provided in your responses to prior comments one and three. Notes to Consolidated Financial Statements 1. Summary of Significant Accounting Policies Recapitalization, page 12 2. You appear to indicate that In ternational Lease Finance Corpor ation will be sold prior to Closing of the Recapitalization Plan, under which you followed an accelerated time Mr. Robert H. Benmosche American International Group November 17, 2010 Page 2 frame to dispose of AGF, AIG Edison and AI G Star in the third quarter of 2010. Please disclose the assets and liabilities for Intern ational Lease Finance Corporation. Also, tell us your basis for not classifying this busine ss as held for sale at September 30, 2010. Please contact Frank Wyman, Staff Accountant, at (202) 551-3660 or Joel Parker, Accounting Branch Chief, at (202) 551-3651, if you have any questions re garding the comments. In this regard, do not hesitate to contact me at (202) 551-3679. Sincerely, Jim B. Rosenberg Senior Assistant Chief Accountant