Company
American International Group, Inc.
Headquarters: New York, NY, United States
Founded: December 19, 1919
Employees: 36,600
CEO: Mr. Peter Salvatore Zaffino
Market Cap
$49.03 Billion
USD as of July 1, 2024
American International Group, Inc. Categories
United States Financials Insurance—DiversifiedUnited States Financials United States Insurance—Diversified
Company Description
AIG is a global insurance company offering a diverse range of insurance products, including general liability, environmental, casualty, professional liability, and property insurance to commercial, institutional, and individual customers, alongside an array of specialized insurances and life and retirement services.
Top Competitors by Market Capitalization
Industry: Insurance—Diversified
| Company | Market Cap (USD) |
|---|---|
| Allianz SE | $110.54 B |
| AXA SA | $77.31 B |
| Zurich Insurance Group AG | $75.40 B |
| Generali | $39.71 B |
| Arch Capital Group Ltd. | $36.85 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, plan administrative, and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. The company was founded in 1919 and is headquartered in New York, New York.
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Stocks & Indices
American International Group, Inc. has the following listings and related stock indices.
Stock: NYSE: AIG wb_incandescent
Stock: BCBA: AIG wb_incandescent
Stock: Bovespa: AIGB34 wb_incandescent
Stock: FSX: AINN wb_incandescent
Stock: NYSE: AIG.PR.A wb_incandescent
Product & Services
General insuranceHealth insuranceVehicle insuranceTravel insuranceHome insuranceLife insuranceMortgage loansInvestment managementMutual fund
Key People
Founder(s): Cornelius Vander Starr
Brian Duperreault (Executive Chairman) Peter Zaffino (President and CEO)
Financials
Revenue: US$52.06 billion (2021)
Operating income: US$5.92 billion (2021)
Net income: US$9.359 billion (2021)
Total assets: US$596.11 billion (2021)
Total equity: US$65.96 billion (2021)