American International Group

TypePublic
Traded asNYSE: AIG S&P 100 component S&P 500 component
Industry Financialservices
FoundedDecember 19, 1919; Shanghai, China
FounderCornelius Vander Starr
Headquarters NewYork City, New York, U.S.
Area servedWorldwide
Websiteaig.com

Products: – General insurance – Health insurance – Vehicle insurance – Travel insurance – Home insurance – Life insurance – Mortgage loans – Investment management – Mutual fund

  • 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.
  • 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.
  • 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.

Business

  • AIG offers property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services.

Subsidiaries

  • AIG Europe S.A.
  • American General Life Insurance Company
  • American Home Assurance Company
  • Lexington Insurance Company
  • National Union Fire Insurance Company of Pittsburgh, PA
  • The United States Life Insurance Company in the City of New York
  • The Variable Annuity Life Insurance Company (VALIC)
  • American International Group UK Ltd.
  • AIG General Insurance Co. Ltd.
  • Validus Reinsurance, Ltd.

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