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AIG Gets IPO Approval, Releases 2010 Profit Estimate for AIA

American International Group Inc. (AIG) has recently been given approval to list its Asian life insurance unit, American International Assurance Group Ltd. (AIA), on the Hong Kong Stock Exchange, as per initial plans announced earlier this year by mid-July 2010. Additionally, AIG has released the estimated annual operating profit of AIA, which should reach at least US$2 billion (EUR 1.5 billion) by the end of the fiscal year ending 30 November 2010.

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AIA IPO Plans Moving Forward

According to recent reports citing an unidentified source, American International Group Inc. (AIG) plans to go ahead with an Initial Public Offering (IPO) of its AIA Group life-insurance unit, later on this year.

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