Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

AIG to Focus on Reducing Debt Before Paying Dividend, CEO Says

February 22, 2013

American International Group Inc. (AIG:US) will focus on lowering its obligations on bonds before returning capital to shareholders, Chief Executive Officer Robert Benmosche said today.

“Our highest priority is to make sure that we focus on getting high-cost debt out, reducing our expenses for interest, and improving our coverage ratio,” Benmosche said in a conference call today held by New York-based AIG. “As the year progresses, we will then begin to look at things like ‘could we add a dividend to the stock and also could we have some kind of modest stock buyback?’ But we’re going to wait until we’re very, very sure we’re in great shape.”

To contact the reporter on this story: Zachary Tracer in New York at

To contact the editor responsible for this story: Dan Kraut at

blog comments powered by Disqus