American International Group, Inc. (AIG) is a holding company which, 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. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG’s United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, American International Group, Inc.'s revenues totaled $76.03B, up from $34.86B. Net loss applic. to common decreased 91% to $3.37B. Revenue reflects increased income from other realized capital gains and higher gross profit margin. Lower loss reflects a decrease in Policy acquisition & other insurance expenses, lower other operating expenses and decreased policyholder benefits expenses.
Company Address
American International Group, Inc.
70 Pine Street New York NY 10270
P: +1212.7707000 F: +1212.9431125