NYSE:AIG Stock Quote
American International Group is a leading global insurance organization that provides a wide range of property and casualty insurance, life insurance, and retirement solutions
The company serves both individual and institutional clients, offering products that help manage risk and provide financial security. AIG operates in multiple markets worldwide, delivering innovative insurance solutions and services, including commercial and personal lines, accident and health insurance, and various financial products designed to meet the diverse needs of its customers. Through its extensive network and expertise, AIG aims to maintain resilience against evolving risks in an ever-changing global landscape.
Frequently Asked Questions
Does AIG offer retirement solutions?
Yes, AIG provides a variety of retirement solutions, including annuities and life insurance products that help individuals plan for their financial futures. These products are designed to offer income protection and asset growth, assisting clients in achieving their long-term retirement goals.
How does AIG manage its investments?
AIG manages its investments through a disciplined and diversified investment strategy aimed at maximizing returns while minimizing risks. The company invests in various asset classes, including fixed income, equities, and alternative investments, ensuring a balanced portfolio that supports its insurance liabilities.
How does AIG support corporate responsibility?
AIG is committed to corporate responsibility through various initiatives that focus on environmental sustainability, community engagement, and ethical governance. The company implements practices aimed at reducing its carbon footprint, supporting disaster relief efforts, and promoting diversity and inclusion within the workplace.
How does AIG support its customers?
AIG supports its customers through personalized service, comprehensive risk assessments, and tailored insurance solutions that meet their unique needs. The company has a dedicated customer service team and online resources to assist policyholders with claims, coverage inquiries, and risk management advice.
How many employees does AIG have?
As of 2023, AIG employs approximately 49,000 individuals worldwide. The company prides itself on its diverse workforce and is committed to fostering an inclusive and supportive work environment that encourages professional development and collaboration.
Is AIG publicly traded?
Yes, AIG is publicly traded on the New York Stock Exchange under the ticker symbol 'AIG'. Being a publicly traded company, AIG is subject to regulatory disclosures and provides stakeholders with financial reports, ensuring transparency in its operations and performance.
What does American International Group (AIG) do?
American International Group (AIG) is a multinational finance and insurance corporation that provides a wide range of insurance products, including property and casualty insurance, life insurance, retirement solutions, and other financial services. Founded in 1919, AIG operates in more than 80 countries, focusing on meeting the diverse needs of both individual and institutional clients through innovative insurance solutions and risk management services.
What happened to AIG in 2008?
In 2008, AIG faced a significant financial crisis due to its extensive exposure to mortgage-backed securities and credit default swaps. The company required a substantial government bailout, which totaled approximately $182 billion, to stabilize its operations and prevent a systemic collapse. Subsequently, AIG restructured its business and improved risk management practices.
What innovations has AIG introduced in the insurance sector?
AIG has pioneered several innovations in the insurance sector, including the use of technology and data analytics to streamline underwriting processes and improve customer engagement. The company has also developed unique insurance products tailored to emerging risks, such as cyber insurance, reflecting a commitment to adapting to changing market needs.
What is AIG's approach to risk management?
AIG employs a comprehensive risk management strategy that identifies, evaluates, and mitigates risks across its business operations. The company uses advanced analytics and technology to assess risk profiles, allowing them to provide tailored insurance solutions while enhancing decision-making and operational resilience.
What is AIG's commitment to sustainability?
AIG is dedicated to sustainability and making a positive impact on the environment. The firm has implemented programs aimed at reducing its carbon emissions, promoting renewable energy initiatives, and investing in sustainable business practices to support a more sustainable future.
What is AIG's financial strength rating?
AIG holds strong financial strength ratings from various rating agencies, including 'A' (Excellent) from A.M. Best and 'A' from Standard & Poor's. These ratings reflect the company's solid financial position and its ability to meet ongoing insurance obligations, reassuring policyholders and investors alike.
What is AIG's strategy for growth?
AIG's growth strategy focuses on enhancing profitability through operational efficiencies, investing in technology, and expanding its product offerings. The company aims to grow organically by strengthening its core insurance business and acquiring strategic assets that complement its portfolio.
What markets does AIG operate in?
AIG operates in both domestic and international markets, providing insurance and financial services in over 80 countries worldwide. Major markets include the United States, Europe, Asia-Pacific, and the Americas. This global presence allows AIG to cater to the varied needs of its diverse clientele.
What role does AIG play in the global insurance market?
AIG plays a significant role in the global insurance market as one of the largest providers of insurance products and services. The company's extensive reach, diverse product offerings, and risk management expertise position it as a key player in addressing the insurance needs of individuals and businesses around the world.
What types of clients does AIG serve?
AIG serves a wide range of clients, including individuals, businesses, and governmental entities. The company's products cater to both personal and commercial insurance needs, ensuring comprehensive coverage for diverse sectors such as healthcare, construction, technology, and more.
What types of insurance does AIG offer?
AIG offers a diverse range of insurance products, including property and casualty insurance, life insurance, health insurance, travel insurance, and accident and health insurance. The company also provides specialized coverage for various sectors like aviation, marine, and energy, catering to both personal and commercial insurance needs.
When was AIG founded?
AIG was founded in 1919 by Cornelius Vander Starr in Shanghai, China. Initially operating as an insurance agency, AIG expanded its service offerings and geographical reach over the years, ultimately becoming one of the largest insurance and financial services providers in the world.
Where is AIG headquartered?
AIG is headquartered in New York City, New York. The company has its global offices in various locations, but the New York headquarters serves as the central hub for its operations and strategic initiatives.
Who is AIG's current CEO?
As of 2023, Peter Zaffino is the President and CEO of AIG. He assumed the role in March 2021, after serving in various senior leadership positions within the company. Zaffino is focused on driving AIG's strategic transformation and enhancing its operational efficiency.
What is the current price of American International Group?
The current price of American International Group is 87.60
When was American International Group last traded?
The last trade of American International Group was at 3:03 pm EDT on April 2nd, 2025
What is the market capitalization of American International Group?
The market capitalization of American International Group is 66.61B
How many shares of American International Group are outstanding?
American International Group has 760.42M shares outstanding.