American International Group
Stock Symbol: AIG
70 Pine St
American International Group Industry:
Insurance (Prop. & Casualty)
American International Group Description:
AIG is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter of commercial & industrial insurance in the US, & the second-largest U.S. life insurer. Its member companies write a wide range of general insurance & life insurance products for commercial, institutional & individual customers through a variety of distribution channels in approximately 130 countries & jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the US & is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
American International Group Financial Summary:
American International Group is a holding company engaged in insurance and insurance-related activities in the U.S. & abroad. AIG's primary activities are general & life insurance operations. For the six months ended 6/30/05, revenues rose 15% to $53.97B. Net income before accounting change rose 43% to $7.68B. Revenues reflect higher premiums and investment income. Net income benefited from improved operating margins.
American International Group Business Summary:
American International Group, Inc. (AIG) is a holding company that, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG's primary activities include both General Insurance, and Life Insurance & Retirement Services operations. In the United States, AIG underwrites commercial and industrial insurance, and AIG American General is a life insurer. Global businesses also include financial services, retirement services and asset management. Financial services businesses include aircraft leasing, financial products, trading and market making. Its global consumer finance business is led in the United States by American General Finance. It also has United States retirement services businesses through AIG SunAmerica and AIG VALIC, and is engaged asset management for individual and institutional markets, with investment management capabilities in equities, fixed income, alternative investments and real estate.