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AIG plans to cut at least 3% of annual expenses through 2017

AIG is planning to cut annual general operating costs by 3% to 5% through 2017.

By Jing Cao, Bloomberg, Zachary Tracer, Bloomberg | Updated on February 17, 2015
AIG logo from headquarter offices in Manhattan's financial district. (AP Photo/Bebeto Matthews)

(Bloomberg) — American International Group Inc., the largest commercial insurer in the U.S. and Canada, is planning to cut annual general operating costs by 3% to 5% through 2017.

The figure fell 4.8% to $8.72 billion last year, New York-based AIG said Friday in a presentation on its website.

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