AIG expects L&R to deliver $400mn-$600mn dividend after IPO
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AIG expects L&R to deliver $400mn-$600mn dividend after IPO

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AIG is expecting its life and retirement (L&R) business to deliver an annual dividend of between $400mn and $600mn after the division’s IPO, representing a 2%-3% yield on book value, CEO Peter Zaffino told analysts during a Q4 earnings call.

Zaffino said the L&R unit had declared a dividend payable to AIG in the amount of $8.3bn, which will be funded by L&R debt issuances and paid prior to the listing.


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