OverviewSuggest Edit

American International Group (AIG) is an insurance company. It provides a range of property-casualty insurance, life insurance, retirement solutions, and other financial services to businesses and individuals. The company delivers its portfolio of solutions through a multichannel distribution network and franchising.
TypePublic
Founded1919
HQNew York, NY, US
Websiteaig.com
Employee Ratings3.7
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2021)36,600(-18%)
Job Openings1,779
Revenue (FY, 2021)$52.1 B(+20%)
Share Price (May 2022)$58.6
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at AIG

Peter Zaffino

Peter Zaffino

Director, President & Chief Executive Officer
Kevin Hogan

Kevin Hogan

EVP and Chief Executive Officer, Life and Retirement
David McElroy

David McElroy

EVP and Chief Executive Officer, General Insurance
Rose Marie Glazer

Rose Marie Glazer

EVP, Chief Human Resources Officer
Sabra Purtill

Sabra Purtill

EVP, Chief Risk Officer
Claude Wade

Claude Wade

EVP, Global Head of Operations & Shared Services and Chief Digital Officer
Show more

AIG Office Locations

AIG has offices in New York, Lexington, Oranjestad, Sydney and in 110 other locations
New York, NY, US (HQ)
175 Water St
Lexington, KY, US
P.O. Box 14294
Oranjestad, AW
L.G. Smith Blvd. 160 Sun Plaza, Suite 202
Sydney, AU
192 Pitt St
Wien, AT
Herrengasse 1-3
Elsene, BE
Pleinlaan 11
Show all (120)

AIG Financials and Metrics

AIG Revenue

Embed Graph
View revenue for all periods
AIG's revenue was reported to be $52.06 b in FY, 2021
USD

Revenue (FY, 2021)

52.1b

Gross profit (FY, 2021)

24.1b

Gross profit margin (FY, 2021), %

46.3%

Net income (FY, 2021)

9.9b

Market capitalization (13-May-2022)

48.6b

Closing stock price (13-May-2022)

58.6

Cash (31-Dec-2021)

2.2b

EV

76.6b
AIG's current market capitalization is $48.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

49.5b47.4b49.7b43.7b52.1b

Revenue growth, %

(5%)(4%)5%

Cost of goods sold

30.0b31.2b29.2b24.8b27.9b

Gross profit

19.5b16.2b20.5b18.9b24.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

11.7b11.6b11.5b12.5b12.6b12.9b14.4b9.4b10.2b14.5b10.7b12.8b

Cost of goods sold

6.6b6.4b9.2b7.6b6.8b7.9b7.3b7.4b6.8b5.1b7.0b6.9b

Gross profit

5.1b5.2b2.2b4.8b5.8b5.1b7.2b2.0b3.5b9.3b3.7b6.0b

Gross profit Margin, %

44%45%20%39%46%39%50%21%34%64%35%46%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

2.9b2.8b2.2b

Accounts Receivable

10.3b11.3b12.4b

Total Assets

525.1b586.5b596.1b

Long-term debt

35.4b37.5b30.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

2.6b2.9b3.4b2.7b3.4b3.2b2.8b2.8b2.7b

Accounts Receivable

12.7b12.6b11.8b12.1b12.8b11.8b13.8b14.3b13.6b

Total Assets

512.9b522.3b525.1b510.5b569.4b577.2b584.4b598.3b594.8b

Long-term debt

35.8b36.3b35.3b25.3b29.2b28.7b26.4b26.2b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

4.2b(5.8b)9.9b

Depreciation and Amortization

5.0b4.1b4.6b

Cash From Operating Activities

(928.0m)1.0b6.3b

Cash From Investing Activities

(5.5b)(6.2b)(3.3b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

937.0m2.3b3.3b1.7b(6.1b)(5.8b)3.9b4.1b5.8b

Depreciation and Amortization

1.3b2.7b3.8b1.9b2.6b3.2b1.4b2.4b3.6b

Cash From Operating Activities

(976.0m)(1.3b)(789.0m)(14.0m)1.3b2.2b640.0m2.8b5.8b

Cash From Investing Activities

(2.0b)(4.1b)(4.8b)(633.0m)(2.9b)(5.2b)1.5b(1.6b)(2.9b)
USDFY, 2017

Revenue/Employee

994.4k
Show all financial metrics

AIG Operating Metrics

AIG's Customers was reported to be 90 m in FY, 2017.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Countries (Customers)

8080808080808080808080808080808070

Countries (Offices)

6157555151

Customers

90 m

Offices (Overseas)

380351342268260
Show all operating metrics

AIG Acquisitions / Subsidiaries

Company NameDateDeal Size
EllipseDecember 31, 2018
Glatfelter Insurance GroupNovember 06, 2018
Validus HoldingsJanuary 22, 2018$5.56 b
Blackboard U.S. Holdings, Inc.December 31, 2017
Laya Healthcare LimitedMarch 30, 2015
Ageas ProtectDecember 31, 2014
Fuji Fire and MarineDecember 31, 2011
Travel GuardDecember 31, 2006
American General CorporationDecember 31, 2001
Franklin Life Insurance CompanyDecember 31, 1954
Show more

AIG Revenue Breakdown

Embed Graph

AIG revenue breakdown by business segment: 57.5% from General Insurance, 39.8% from Life and Retirement and 2.7% from Other

AIG revenue breakdown by geographic segment: 28.5% from International and 71.5% from North America

AIG Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

AIG Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

AIG Online and Social Media Presence

Embed Graph

AIG Company Culture

  • Overall Culture

    D+

    62/100

  • CEO Rating

    D

    60/100

  • Compensation

    B

    69/100

  • Diversity

    C-

    60/100

Learn more on Comparably

AIG News and Updates

Heritage Announces Agreement with AIG Private Client Group and Safeco

CLEARWATER, Fla., June 29, 2020 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today that it has entered into an agreement with member companies of American...

UPDATE 1-Native American casino owner sues Lloyd's, AIG over coronavirus losses

A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance.

AIG announces $500 million accelerated share buyback

American International Group Inc. said Tuesday it has entered a $500 million accelerated share buyback program with Citibank. The program is part of the bank's $2 billion repurchase authorization. Shares were not yet active premarket, but have gained 4% in the last 12 months, while the S&P 500 …

AIG profit beats on stronger underwriting in general insurance unit

Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business.

AIG swings to a profit that beats expectations

American International Group Inc. swung to a fourth-quarter profit that beat expectations, citing the favorable impact of general insurance underwriting and reinsurance actions and a favorable loss reserve development. The stock slipped 0.2% in premarket trading. Net income was $922 million, or $1.…

AIG posts profit on stronger underwriting in general insurance unit

Insurer American International Group Inc on Thursday reported a quarterly profit compared to a year-earlier loss, helped by smaller catastrophe losses and improved underwriting in its general insurance business.
Show more

AIG Frequently Asked Questions

  • When was AIG founded?

    AIG was founded in 1919.

  • Who are AIG key executives?

    AIG's key executives are Peter Zaffino, Kevin Hogan and David McElroy.

  • How many employees does AIG have?

    AIG has 36,600 employees.

  • What is AIG revenue?

    Latest AIG annual revenue is $52.1 b.

  • What is AIG revenue per employee?

    Latest AIG revenue per employee is $1.4 m.

  • Who are AIG competitors?

    Competitors of AIG include Loews, Berkshire Hathaway and Swiss Re.

  • Where is AIG headquarters?

    AIG headquarters is located at 175 Water St, New York.

  • Where are AIG offices?

    AIG has offices in New York, Lexington, Oranjestad, Sydney and in 110 other locations.

  • How many offices does AIG have?

    AIG has 120 offices.