American International Group, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Eric Andersen
- Full Time Employees
- 22,100
- Sector
- Financial Services
- Industry
- Insurance - Diversified
- Address
- 1271 Avenue of the Americas New York City NY United States of America 10020
- IPO Date
- Jan 2, 1973
- CIK
- 0000005272
- Website
- aig.com
- Similar Companies
- Business
- American International Group, Inc. (AIG) is a global insurance organization providing a broad range of property casualty insurance, life insurance, retirement products, mortgage insurance, and related financial services. The company operates primarily through three core segments: General Insurance, which includes commercial and personal property casualty insurance globally; Life & Retirement, offering life insurance and retirement solutions; and Other Operations, comprising income from investments and corporate subsidiaries. AIG serves commercial, institutional, and individual customers in over 80 countries and jurisdictions, with headquarters in New York City and a workforce of approximately 25,200 employees. Its product portfolio includes brands such as AIG Property Casualty and AIG Life and Retirement, as well as specialized offerings like Mergers and Acquisition Insurance and Private Client high-net-worth insurance products. Recent major developments include AIG's acquisition of renewal rights for the majority of Everest Group Ltd.'s global retail insurance portfolios, a transaction expected to contribute significant premium growth without requiring additional capital. AIG also jointly acquired a 9.9% stake in the specialty insurer Convex alongside Onex Corporation, with strategic plans to enhance asset management operations via this partnership. In December 2024, AIG launched Syndicate 2478 at Lloyd’s, a reinsurance syndicate backed by Blackstone through a multi-year agreement, marking a strategic expansion in its reinsurance capabilities and fee income sources. Other notable changes include leadership restructuring in North America Commercial Insurance and the establishment of Private Client Select Insurance Services as an independent managing general agency. AIG continues to focus on underwriting discipline, technology-enhanced solutions, and diversification to drive growth. Founded in 1919, AIG maintains its position as a leading global insurer known for its diversified product suite and strategic partnerships, including collaborations with technology firms like Anthropic to integrate AI capabilities. The company ranks among the top providers serving the Fortune Global 500 and Forbes 2000 companies across multiple continents, reflecting its expansive geographic reach and comprehensive market offerings. Its evolving operations encompass new strategic initiatives designed to optimize risk management and capitalize on emerging market opportunities within the insurance and financial services industries.
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