American International Group, Inc. AIG

Company Overview

American International Group, Inc. (AIG) is a global insurance organization that provides commercial and personal insurance products, retirement-related solutions through affiliated businesses, and risk management services. The company primarily operates in the property and casualty insurance industry, with a historical presence in life insurance and retirement products that has narrowed following strategic divestitures. According to disclosures in SEC filings and company annual reports, AIG’s core operations are focused on underwriting commercial insurance risks, high-net-worth personal insurance, specialty lines, and reinsurance-related activities. Its principal revenue drivers include insurance premiums, underwriting income, investment income generated from its insurance float, and fees from related insurance services.

AIG serves multinational corporations, middle-market businesses, institutional clients, public entities, and affluent individual customers across multiple industries including aviation, energy, financial services, healthcare, construction, transportation, and cybersecurity. The company traces its origins to 1919, when Cornelius Vander Starr founded an insurance agency in Shanghai, China. Over the following decades, AIG expanded into one of the world’s largest insurance conglomerates through acquisitions and international expansion. The company underwent major restructuring after the 2008 financial crisis, during which it received U.S. government support and subsequently divested numerous assets to repay obligations and simplify operations. More recent strategic evolution has centered on streamlining the business around general insurance and improving underwriting profitability.