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American International Group

Industry: Property Casualty Insurance

Fortune Rank: 16

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, 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.

American International Group

American International Group achieved revenue of $103,189.00 million in 2010 but posted a loss of $-10,949.00 million.

American International Group' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 16th compared to 245th in 2009. This was based on its 2009 revenue of $11,104 million (a change of 92 million compared to 2010) and profits of $-99,289 million (a change of $89 million compared to 2009).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then American International Group would be ranked 495th rather than 16th due to the fact it made a loss of $-10,949 million in 2010.

* US$ Million

• Address
  • American International Group
    70 Pine St
    New York
    NY
    10028
• Contact Details
  • Phone: 908-679-3150
  • Fax: N/A
  • Website: www.aig.com
  • Stock Symbol: AIG

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