American International Group Inc (AIG) - Company Profile
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American International Group Inc (AIG) is a multi-line insurance group. The group provides a range of life insurance, property and casualty insurance, retirement products, and other financial services to individuals and businesses. It offers insurance products for general liability, directors and officers’ liability, property, workers’ compensation, marine, aerospace, environmental, commercial automobile liability, term life, universal life, fidelity, fiduciary liability, cyber risk, and errors and omissions. It also offers political risk insurance, accident and health insurance, personal auto insurance, travel insurance and individual and group retirement products. The group markets and distributes its products through brokers, captive and independent agents, affinity partners, retailers, and airlines and travel agents. AIG operates in the Americas, Europe, Africa, the Middle East, and Asia Pacific. AIG is headquartered in New York, the US.
Headquarters
United States of America
Address
175 Water Street, New York, 10020
Website
www.aig.com
No of Employees
25,200
Industry
Financial Services
Ticker Symbol & Exchange
AIG (NYSE)
Revenue (2022)
$46.7B
-14.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-64.4%
(2022 vs 2021)
Market Cap*
$49.7B
Net Profit Margin (2022)
XYZ
-58.4%
(2022 vs 2021)
* As of and is in US$
American International Group Inc (AIG) premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| General insurance: | Claims Management |
| General Liability Insurance | Retirement Services |
| Directors and Officers Liability Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Divestiture | In November, the company completed the sale of Validus Re to RenaissanceRe. |
| 2023 | Contracts/Agreements | In September, the company signed a transformative commercial partnership with Bearn to redefine the paradigms of insurance acquisition, retention, and policy underwriting across the US and Canada. |
| 2023 | Contracts/Agreements | In September, Corebridge Financial entered into an agreement to sell its UK life insurance business to Aviva plc. |
Competitor Comparison
| Key Parameters | American International Group Inc (AIG) | Berkshire Hathaway Inc | Allianz SE | AXA SA | MetLife Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Germany | France | United States of America |
| City | New York | Omaha | Muenchen | Paris | New York |
| State/Province | New York | Nebraska | Bayern | Ile-de-France | New York |
| No. of Employees | 25,200 | 396,500 | 157,883 | 94,705 | 45,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter Zaffino | Chairman; Chief Executive Officer | Executive Board | 2022 | 56 |
| Shane Fitzsimons | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 55 |
| Roshan Navagamuwa | Executive Vice President; Chief Information Officer | Senior Management | 2024 | - |
| Tom Bolt | Chief Risk Officer; Executive Vice President | Senior Management | 2022 | - |
| Jeanne Edwards | Chief Procurement Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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