American International Group said it has enough money on hand to pay its obligations, complete its reorganization and repay its loans for at least the next 12 months.
The declaration came in the company's filing with the Securities and Exchange Commission as it reported its first-quarter results.
The assessment was made in light of the New York-based insurer's calculation that the government would continue with its current financial commitments and that it would be able to dispose of non-core businesses. Despite the risks and uncertainty in the planning, AIG said it believes it has sufficient liquidity for 12 months.
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