OverviewSuggest Edit

American International Group (AIG) is a global insurance company. It provides a range of property casualty insurance, life insurance, retirement solutions, and other financial services to businesses and individuals. The compan delivers its portfolio of solutions through a multichannel distribution network and franchising.

TypePublic
Founded1919
HQNew York, US
Websiteaig.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)46,000(-7%)
Job Openings664
Revenue (FY, 2019)$49.7 B(+5%)
Share Price (Oct 2020)$32 (+2%)
Cybersecurity ratingBMore

Key People/Management at AIG

Brian Duperreault

Brian Duperreault

Chief Executive Officer, Director
Kevin Hogan

Kevin Hogan

EVP and Chief Executive Officer, Life and Retirement
David McElroy

David McElroy

EVP and Chief Executive Officer, General Insurance
Douglas A. Dachille

Douglas A. Dachille

EVP and Chief Investment Officer
Lucy Fato

Lucy Fato

EVP and General Counsel
John Repko

John Repko

EVP and Chief Information Officer
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AIG Office Locations

AIG has offices in New York, Lexington, Oranjestad, Brisbane and in 117 other locations
New York, US (HQ)
175 Water St
Lexington, US
P.O. Box 14294
Oranjestad, AW
L.G. Smith Blvd. 160 Sun Plaza, Suite 202
Brisbane, AU
Edward St
Docklands, AU
Level 13 717 Bourke Street
Perth, AU
Level 11 108 St Georges Terrace
Show all (126)

AIG Financials and Metrics

AIG Revenue

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AIG's revenue was reported to be $49.75 b in FY, 2019
USD

Revenue (Q2, 2020)

9.4b

Gross profit (Q2, 2020)

2.9b

Gross profit margin (Q2, 2020), %

30.6%

Net income (Q2, 2020)

(7.8b)

Market capitalization (22-Oct-2020)

27.6b

Closing stock price (22-Oct-2020)

32.0

Cash (30-Jun-2020)

3.4b

EV

53.4b
AIG's current market capitalization is $27.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

52.4b49.5b47.4b49.7b

Revenue growth, %

(10%)(5%)(4%)

Cost of goods sold

36.1b30.0b31.2b25.4b

Gross profit

16.2b19.5b16.2b24.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

12.6b12.5b11.8b11.7b11.6b11.5b12.5b12.6b12.9b14.4b9.4b

Cost of goods sold

7.0b7.2b11.2b6.6b6.4b9.2b7.6b6.8b6.9b6.3b6.5b

Gross profit

5.7b5.3b562.0m5.1b5.2b2.2b4.8b5.8b6.0b8.1b2.9b

Gross profit Margin, %

45%42%5%44%45%20%39%46%47%56%31%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.9b2.4b2.9b2.9b

Accounts Receivable

47.0b

PP&E

2.0b

Total Assets

498.3b498.3b492.0b525.1b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

1.9b2.5b2.4b2.1b2.1b2.7b2.6b2.9b3.4b2.7b3.4b

Accounts Receivable

45.1b46.8b46.5b

Total Assets

500.2b499.8b503.1b499.1b496.8b504.9b512.9b522.3b525.1b510.5b569.4b

Long-term debt

30.7b31.8b31.0b33.6b33.8b34.6b35.8b36.3b35.3b25.3b29.2b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(349.0m)(6.1b)61.0m4.2b

Depreciation and Amortization

4.1b3.9b5.4b5.0b

Cash From Operating Activities

2.4b(8.6b)61.0m(928.0m)

Purchases of PP&E

Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

1.2b2.3b616.0m949.0m1.9b621.0m937.0m2.3b3.3b1.7b(6.1b)

Depreciation and Amortization

1.0b2.0b2.8b1.4b2.8b3.8b1.3b2.7b3.8b1.9b2.6b

Cash From Operating Activities

(10.4b)(9.3b)(9.2b)(938.0m)(340.0m)(38.0m)(976.0m)(1.3b)(789.0m)(14.0m)1.3b

Purchases of PP&E

USDFY, 2016

Revenue/Employee

928.5k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

6.5 x
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AIG Operating Metrics

AIG's Customers was reported to be 90 m in FY, 2017. AIG's Transaction Volume was reported to be $13b in FY, 2016.
FY, 2016FY, 2017FY, 2018

Countries

80 80 80

Customers

90 m90 m

Transaction Volume

$13 b
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AIG Acquisitions / Subsidiaries

Company NameDateDeal Size
Validus HoldingsJanuary 22, 2018$5.56 b
AGC Life Insurance Company
AIG Advisors S.r.l.
AIG Aerospace Insurance Services, Inc.
AIG APAC HOLDINGS PTE. LTD.
AIG Asia Pacific Insurance Pte. Ltd.
AIG Asset Management (Europe) Limited
AIG Asset Management (U.S.), LLC
AIG Assurance Company
AIG Australia Limited
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AIG Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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AIG Revenue Breakdown

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AIG revenue breakdown by geographic segment: 34.6% from International and 65.4% from North America

AIG Online and Social Media Presence

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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 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.

AIG Wins U.K. Appeal Against Ex-Staff Over $100 Million Bonuses

AIG Wins U.K. Appeal Against Ex-Staff Over $100 Million Bonuses
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AIG Frequently Asked Questions

  • When was AIG founded?

    AIG was founded in 1919.

  • Who are AIG key executives?

    AIG's key executives are Brian Duperreault, Kevin Hogan and David McElroy.

  • How many employees does AIG have?

    AIG has 46,000 employees.

  • What is AIG revenue?

    Latest AIG annual revenue is $49.7 b.

  • What is AIG revenue per employee?

    Latest AIG revenue per employee is $1.1 m.

  • Who are AIG competitors?

    Competitors of AIG include Berkshire Hathaway, Swiss Re and Liberty Mutual Insurance.

  • 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, Brisbane and in 117 other locations.

  • How many offices does AIG have?

    AIG has 126 offices.