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American International Group Inc (NYSE: AIG) |
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Price: $76.2100
$-0.65 
-0.846%
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| Day's High:
| $76.70999908447266
| Week Perf:
| -0.2 %
|
| Day's Low: |
$ 75.94 |
30 Day Perf: |
-4.7 % |
| Volume (M): |
2,926,426 |
52 Wk High: |
$ 86.21 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$76.89 |
| Open: |
$76.08 |
52 Wk Low: |
$70.36 |
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| Market Capitalization (Millions $) |
40,664 |
| Shares
Outstanding (Millions) |
534 |
| Employees |
22,100 |
| Revenues (TTM) (Millions $) |
26,636 |
| Net Income (TTM) (Millions $) |
2,966 |
| Cash Flow (TTM) (Millions $) |
-313 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Company Profile: American International Group, Inc. (AIG)
Overview:
American International Group, Inc. (AIG), a Delaware corporation, serves as a holding company with a diverse range of insurance and insurance-related activities globally. AIG is primarily involved in General Insurance and Life Insurance operations, alongside significant activities in Financial Services and Retirement Services & Asset Management.
Core Operations:
1. General Insurance:
- AIGs General Insurance subsidiaries are multi-line companies providing comprehensive property and casualty insurance solutions. The key subsidiaries include:
- American Home Assurance Company
- National Union Fire Insurance Company of Pittsburgh, Pa.
- New Hampshire Insurance Company
- Lexington Insurance Company
- The Hartford Steam Boiler Inspection and Insurance Company
- Transatlantic Reinsurance Company
- United Guaranty Residential Insurance Company
2. Life Insurance:
- AIGs Life Insurance sector offers a myriad of products, such as:
- Individual and group life insurance
- Annuities
- Endowments
- Accident and health policies
- Financial and investment products including fixed and variable annuities, and guaranteed investment contracts.
- Prominent subsidiaries involved include:
- American Life Insurance Company (ALICO)
- AIG Star Life Insurance Co. Ltd.
- SunAmerica Life Insurance Company
3. Financial Services:
- AIG provides a broad spectrum of financial services through:
- International Lease Finance Corporation (ILFC) – a leader in commercial aircraft leasing
- AIG Financial Products Corp. (AIGFP) – offering customized financial products
- American General Finance, Inc. – providing consumer and premium financing solutions
4. Retirement Services & Asset Management:
- AIG offers numerous investment products and services, including variable annuities and mutual funds, alongside asset management for individual and institutional investors through:
- The Variable Annuity Life Insurance Company (VALIC)
- AIG SunAmerica Asset Management Corp. (SAAMCo)
Investment Strategy:
AIG’s investment policy emphasizes high-quality fixed-income securities while also diversifying with marketable equities, aimed at preserving policyholder surplus and generating net investment income.
Competitive Landscape:
AIG operates in a highly competitive insurance market, particularly within the United States, where it faces competition from approximately 3,000 other insurers. The Life Insurance and Retirement Services divisions contend with around 1,800 life insurance companies. Internationally, AIG competes with both larger U.S. insurers and local firms in various markets.
Regulatory Environment:
The insurance, financial services, and asset management sectors are subject to intense regulatory scrutiny domestically and internationally. AIG remains vigilant in navigating this complex landscape, characterized by increasing consumer focus and the presence of competitive threats from banks, investment banks, and non-bank financial institutions.
Conclusion:
American International Group, Inc. continues to leverage its extensive portfolio of insurance and financial services to combat competition and regulatory changes while aiming for sustained growth across its global operations.
Company Address: 1271 Avenue of the Americas New York 10020 NY
Company Phone Number: 770-7000 Stock Exchange / Ticker: NYSE AIG
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Customers Net Income grew by |
AIG's Customers Net Profit Margin grew to |
54.37 % |
13.08 %
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| Business Update
Published Mon, Dec 16 2024 5:42 AM UTC
In a strategic maneuver aimed at bolstering its market presence, American International Group, Inc. (AIG) has announced the launch of a new reinsurance syndicate, Syndicate 2478, set to commence operations at Lloyd’s of London on January 1, 2025. This initiative, reportedly backed by a multi-year strategic relationship with Blackstone, aims to further AIG’s ambitions wit...
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| Business Update
Published Fri, Dec 13 2024 4:24 PM UTC
AIG Expands Strategic Moves with Upsized Tender Offers, Exclusive Partnership, and Travel Insurance Divestiture American International Group, Inc. (NYSE: AIG), a global leader in the insurance and financial services sector, is setting the stage for transformative growth and strategic positioning with three significant announcements. Each of these decisions underscores AIG s ...
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| Business Update
Published Sat, Dec 14 2024 5:53 AM UTC
AIG s Strategic Maneuvers: New Entrants, Asset Offloads, and Structural Evolution The global insurance giant, American International Group, Inc. (AIG), is making significant strides across its operational landscape, marked by strategic expansions, asset divestitures, and corporate restructuring, that are poised to redefine its future positioning in the financial services sec...
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| Dividend
Published Thu, Aug 1 2024 6:38 AM UTC
On July 30, 2024, American International Group, Inc. (NYSE: AIG) released its financial results for the second quarter, revealing a remarkably successful quarter marked by impressive underwriting outcomes across all business segments. AIG s Chairman and Chief Executive Officer, Peter Zaffino, celebrated this period as one of the most significant in the company s history...
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| Business Update
Published Fri, Jul 26 2024 7:25 AM UTC
CSIMarket.com In a significant shift within the insurance landscape, Private Client Select Insurance Services LLC (PCS), a prominent independent Managing General Underwriter, has forged a strategic alliance with Ryan Specialty, a notable player in the insurance sector. Under the terms of this newly announced distribution partnership, Ryan Specialty will serve as PCS s excl...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
5.41 $ |
| Revenues (TTM) |
49.92 $
|
| Cash Flow (TTM) |
- |
| Cash |
78.75 $
|
| Book Value |
76.14 $
|
| Dividend (TTM) |
1.85 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
1,205,249 |
| Net
Income per Employee (TTM) |
134,208 |
| Receivable Turnover Ratio (TTM) |
- |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.16 |
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| Per Share |
|
| Earnings (TTM) |
5.41 $
|
| Revenues (TTM) |
49.92 $ |
| Cash Flow (TTM) |
- |
| Cash |
78.75 $
|
| Book Value |
76.14 $ |
| Dividend (TTM) |
1.85 $ |
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0.18%