American International Group, also known as AIG, is an American multinational finance and insurance corporation. 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.

Employee Rating

3.1More
TypePublic
HQNew York, US
Founded1919
Size (employees)49,800 (est)
Websiteaig.com
AIG was founded in 1919 and is headquartered in New York, US
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Key People/Management at AIG

Brian Duperreault

Brian Duperreault

President and Chief Executive Officer
Robert Schimek

Robert Schimek

Executive Vice President and Chief Executive Officer of Commercial
Seraina Macia

Seraina Macia

EVP
Martha Gallo

Martha Gallo

Executive Vice President and Chief Information Officer
Jeffrey Hurd

Jeffrey Hurd

Executive Vice President AIG Chief Operating Officer
Claudine Macartney

Claudine Macartney

Executive Vice President Chief Human Resources Officer
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AIG Office Locations

AIG has offices in New York, Stockholm, Sapporo, Copenhagen and in 152 other locations
New York, (HQ)
175 Water St
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AIG Financials and Metrics

AIG Revenue

AIG's revenue was reported to be $49.52 b in FY, 2017
USD

Revenue (Q2, 2018)

11.6b

Net income (Q2, 2018)

931.0m

Market capitalization (4-Dec-2018)

36.1b

Closing stock price (4-Dec-2018)

40.8

Cash (30-Jun-2018)

2.1b

EV

67.7b
AIG's current market capitalization is $36.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

68.7b64.4b58.3b52.4b49.5b

Revenue growth, %

(6%)(9%)(10%)

Interest expense

2.1b1.7b1.3b1.3b1.2b

Income tax expense

360.0m2.9b1.1b185.0m7.5b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

14.8b16.1b16.1b16.7b16.0b15.7b12.8b11.8b14.7b12.9b12.6b12.5b11.8b11.7b11.6b

Interest expense

516.0m479.0m463.0m430.0m340.0m316.0m321.0m306.0m320.0m329.0m298.0m292.0m290.0m277.0m299.0m

Income tax expense

(993.0m)614.0m1.5b820.0m1.3b777.0m65.0m(58.0m)924.0m304.0m516.0m557.0m(1.1b)277.0m321.0m

Net Income

2.1b1.6b3.0b2.2b2.5b1.8b(197.0m)(203.0m)1.9b436.0m1.2b1.1b(1.7b)949.0m931.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.2b1.8b1.6b1.9b2.4b

Inventories

328.2b322.3b

Total Assets

541.3b515.6b496.9b498.3b498.3b

Accounts Payable

2.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

2.1b2.5b1.8b1.9b1.8b1.9b1.6b1.5b1.8b2.5b1.9b2.5b2.4b2.1b2.1b

Inventories

358.0b358.0b370.0b366.0b357.0b348.6b346.0b342.8b350.7b346.4b315.5b320.7b321.1b322.4b319.8b

Total Assets

541.0b547.0b529.0b527.0b521.0b510.0b502.0b502.8b510.3b514.6b500.2b499.8b503.1b499.1b496.8b

Long-term debt

42.2b39.5b38.4b36.2b32.0b30.4b30.7b32.0b33.3b32.3b30.7b31.8b31.0b33.6b33.8b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.1b7.5b2.2b(349.0m)

Cash From Operating Activities

5.9b5.0b2.9b2.4b

Cash From Investing Activities

7.1b14.3b8.5b4.7b

Long-term Borrowings

(14.2b)(16.2b)(9.8b)(4.1b)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

2.1b1.6b3.0b2.2b2.5b4.3b(197.0m)(203.0m)1.7b2.2b1.2b2.3b949.0m1.9b

Cash From Operating Activities

493.0m(968.0m)571.0m1.8b(10.4b)(9.3b)(938.0m)(340.0m)

Cash From Investing Activities

5.3b385.0m(264.0m)325.0m14.5b14.9b(2.0b)(1.5b)

Long-term Borrowings

(3.7b)(958.0m)(2.9b)(7.7b)(602.0m)(1.6b)(1.3b)(2.0b)
USDY, 2018

EV/CFO

-199.2 x

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

8 x
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AIG Operating Metrics

AIG's Customers was reported to be 90 m in FY, 2017. AIG's Transactions' Volume was reported to be $13b in FY, 2016.
FY, 2014FY, 2015FY, 2016FY, 2017

Claims Processed, units

11.60 k8.45 k

Customers

90 m90 m

Insurance Policies Owned

38.29 k31.29 k

Transactions' Volume

$13 b
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AIG Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Validus HoldingsJanuary 22, 2018$5.56 b

AIG Revenue Breakdown

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AIG revenue breakdown by business segment: 9.6% from Legacy Portfolio, 44.0% from Consumer Insurance, 7.3% from Other Operations and 39.1% from Commercial Insurance

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AIG Online and Social Media Presence

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AIG News and Updates

Chief Data Officer of AIG is Joining AI-based Data Platform Insurtech Startup

NEW YORK, December 5, 2018 /PRNewswire/ -- Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as General Manager, North America. Prior to joining Planck Resolution, Leandro was the chief data officer (CDO) and head of information management at...

AIG hit with $750 million to $800 million in fourth-quarter catastrophe losses: CEO

American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Wednesday.

AIG hit with $750 mln to $800 mln in Q4 catastrophe losses-CEO

American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Wednesday.

AIG names Mark Lyons chief financial officer

Insurer American International Group Inc on Tuesday named Mark Lyons chief financial officer, replacing Sid Sankaran.

Medical Liability Insurance Market Competitive Scenario of Leading Key Players 2017 and 2022 | Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali, Doctors Company, Marsh & McLennan, Liberty Mutual, M

Worldwide Market Reports has announced the addition of the “Global Medical Liability Insurance Market Size, Status and Forecast 2025”, Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to create value in you…

U.S. regulator told AIG to improve reinsurance disclosures

The U.S. Securities and Exchange Commission told American International Group Inc to improve disclosures about its use of reinsurance to mitigate losses in its property and casualty unit, according to correspondence made public on Friday.
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AIG Company Life and Culture

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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, Robert Schimek and Seraina Macia.

  • How many employees does AIG have?

    AIG has 49,800 employees.

  • What is AIG revenue?

    Latest AIG annual revenue is $49.5 b.

  • What is AIG revenue per employee?

    Latest AIG revenue per employee is $994.4 k.

  • Who are AIG competitors?

    Competitors of AIG include Marsh & McLennan Companies, Brighthouse Financial and Allianz.

  • Where is AIG headquarters?

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

  • Where are AIG offices?

    AIG has offices in New York, Stockholm, Sapporo, Copenhagen and in 152 other locations.

  • How many offices does AIG have?

    AIG has 156 offices.