Company

American International Group, Inc.

Headquarters: New York, NY, United States

Founded: December 19, 1919

Employees: 36,600

CEO: Mr. Peter Salvatore Zaffino

show_chart NYSE: AIG

Market Cap

$54.31 Billion

USD as of April 1, 2022

history Market Cap History

American International Group, Inc. market capitalization over time

Evolution of American International Group, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of American International Group, Inc.

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.

Wikipedia Introduction

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of January 1, 2019, AIG companies employed 49,600 people. The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is a sponsor of AIG Women’s Open (golf) and of New Zealand Rugby (AIG All blacks). AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list. According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world. On December 31, 2017, AIG had $65.2 billion in shareholder equity. During the financial crisis of 2007–2008, the Federal Reserve bailed the company out for $180 billion and assumed control, with the Financial Crisis Inquiry Commission correlating AIG's failure with the mass sales of unhedged insurance. AIG repaid $205 billion to the United States government in 2012.

Source: Wikipedia, retrieved on March 31, 2022, 8:41 p.m.

Stocks & Indices

American International Group, Inc. has the following listings and related stock indices.


Stock: NYSE: AIG

Stock: BCBA: AIG

Stock: Bovespa: AIGB34

Stock: FSX: AINN

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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)

Details

Headquarters:

175 Water Street

New York, NY 10038

United States

Phone: 212-770-7000