American International Group

American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 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 the title sponsor of the AIG Women's Open golf tournament. In 2023, for the sixth consecutive year, DiversityInc named AIG among the Top 50 Companies for Diversity list.

American International Group, Inc.
Company typePublic
Traded as
  • NYSE: AIG
  • S&P 100 component
  • S&P 500 component
IndustryFinancial services
FoundedDecember 19, 1919 (1919-12-19) in Shanghai, China
FounderCornelius Vander Starr
Headquarters1271 Avenue of the Americas,
New York City, New York
,
U.S.
Area served
Worldwide
Key people
Peter Zaffino (chairman and CEO)
Products
Revenue US$46.80 billion (2023)
US$3.858 billion (2023)
Net income
US$3.614 billion (2023)
AUM US$365 billion (March 31, 2023)
Total assets US$539.3 billion (2023)
Total equity US$45.35 billion (2023)
Number of employees
c.25,200 (2023)
SubsidiariesTATA AIG
Websiteaig.com
Footnotes / references

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 (~$79.7 billion in 2023) in shareholder equity.

During the financial crisis of 2007–2008, the Federal Reserve bailed the company out for $180 billion and assumed controlling ownership stake, with the Financial Crisis Inquiry Commission correlating AIG's failure with the mass sales of unhedged insurance. AIG repaid $205 billion (~$269 billion in 2023) to the United States government in 2012.

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