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’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.[9] 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 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.
Traded as: NYSE: AIG; S&P 100 component; S&P 500 component
Industry: Financial services; Insurance
Founded: December 19, 1919; 100 years ago, Shanghai, China
Founder: Cornelius Vander Starr
Headquarters: New York City, New York, U.S.
Products: Insurance, Property Casualty: Commercial & Consumer, Life & Retirement, Mortgage Insurance
Website: www.aig.com