The article (link below) basically describes in a very technical and unbiased way what a mess AIG has become. The article specifically references that the one "bright spot" for AIG is a 9% reduction in expenses or a savings of $140 million dollars with a 3 year plan to reduce expenses by $1 billion. Essentially, with all of the rifs that we have already seen, this only equates to 14% of the planned reductions over the next 3 years. We still 86% or $860,000,000 in expense reductions that have not been announced. That's going to equal massive rifs over the next several years.
Other notable quotes....."It has been a terrible year for AIG shareholders with the stock losing 40% of its value. In the low 30s, shares are trading at levels seen in 2012". Also, "General insurance pre-tax income fell to $175 million from $980 million last year and the combined ratio worsened from to 106 from 97.8 last year."
https://seekingalpha.com/article/4364493-aig-faces-significant-headwinds-stock-is-too-low