American International Group (NYSE: AIG) To Release 2Q Results Without Conference Call

American International Group Inc. (NYSE: AIG) will release the Company's second quarter financial results without a conference call Friday as CEO Edward Liddy prepares to step down.

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AIG, which is scheduled to report earnings before the start of New York trading, will skip the presentation and question-and-answer session that accompanied results in the past, said spokeswoman Christina Pretto in an interview to Bloomberg.

Liddy and predecessors Robert Willumstad, Martin Sullivan and Maurice “Hank” Greenberg held regular conference calls to give statements on AIG’s performance and respond to analyst and shareholders’ questions. Quarterly conference calls are a very common trend for publicly traded companies.

Liddy’s successor, Robert Benmosche, replaces him on August 10. Benmosche was chairman and CEO of MetLife Inc. (NYSE: MET), the largest U.S. life insurance company, for eight years through 2006 and oversaw the company’s transition from a policyholder-owned firm to a publicly traded business.

AIG was rescued by the U.S. government from the brink of collapse with a loan bailout package worth up to $182.5 billion. The government now owns roughly 80 percent of the huge insurance company.

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