# American International Group **Source:** https://geo.sig.ai/brands/american-international-group **Vertical:** Consumer Finance **Subcategory:** Enterprise **Tier:** Leader **Website:** aig.com **Last Updated:** 2026-04-14 ## Summary New York City global commercial P&C insurer (NYSE: AIG) ~$27B FY2024 revenue; post-2008 bailout transformation complete, Corebridge life insurance spinoff, specialty lines focus competing with Chubb and Zurich. ## Company Overview American International Group, Inc. (AIG) is a New York City-based global commercial property-casualty insurance company — publicly traded on the New York Stock Exchange (NYSE: AIG) as an S&P 500 Financials component — providing commercial insurance (property, casualty, financial lines, specialty), personal insurance, and reinsurance to businesses, organizations, and individuals in 200+ countries through approximately 26,000 employees. AIG has completed a decade-long strategic transformation from the systemically important financial institution (SIFI) that required a $185 billion US government bailout during the 2008 financial crisis — divesting life insurance (AIG Life and Retirement separated as Corebridge Financial, NYSE: CRBG, with AIG owning 48% stake following Corebridge's 2022 IPO and ongoing stake sales), non-core property assets, and non-insurance financial businesses — focusing the company exclusively on global commercial and specialty P&C insurance. In fiscal year 2024, AIG reported revenues of approximately $27 billion with adjusted after-tax income growing as underwriting profitability improved following the combined ratio improvement initiatives. CEO Peter Zaffino has repositioned AIG as a "best-in-class" global commercial insurer: achieving combined ratio below 90% in its General Insurance segment, expanding the portfolio toward specialty lines (financial lines — D&O, E&O, cyber insurance; marine and energy insurance; aerospace) with superior pricing power versus commodity commercial P&C. AIG's complete exit from the low-margin high-volatility consumer auto and homeowners insurance markets (sold to Safeco/Liberty Mutual, Assurant partnerships) refocuses underwriting capacity toward commercial and specialty lines with better long-term profitability. AIG's global commercial insurance model creates competitive advantages through the cross-border international risk expertise and global program capability for multinational companies: a Fortune 500 technology company with operations in 60 countries needs property and liability insurance covering manufacturing facilities in Malaysia, office buildings in Germany, product liability in California, and directors and officers (D&O) coverage in the US — coordinated through a single global insurance program that AIG structures with local admitted policies in each jurisdiction, aggregating the program under a master policy. AIG's Lexington Insurance Company (the largest US admitted excess and surplus lines insurer) handles non-standard and high-risk property and casualty placements that standard insurance markets decline — chemical plants, offshore oil rigs, earthquake-exposed commercial real estate — generating premium revenue at higher rates than standard market admitted insurance. The specialty financial lines platform (AIG's cyber insurance, M&A representations and warranties insurance, management liability D&O) positions AIG in the fastest-growing insurance categories driven by regulatory complexity, technology risk, and transactional insurance demand. In 2025, AIG competes in global commercial P&C insurance against Chubb (NYSE: CB, $52B revenue, global commercial and personal insurance leader), Zurich Insurance (SWX: ZURN, Swiss commercial and specialty insurance), and AXA (PAR: CS, French global insurer) for large commercial account property and casualty placements, multinational program insurance mandates, and specialty lines financial and cyber risk coverage. The commercial property insurance market hardening (property rates increasing 20-30% annually in catastrophe-exposed markets following Hurricane Ian, Hurricane Harvey, and wildfire losses) benefits AIG's commercial property underwriting profitability as price increases exceed loss trend. Cyber insurance market evolution (AI-driven cyberattacks, ransomware-as-a-service, and geopolitical threat actor activity increasing cyber loss frequency and severity) requires AIG's cyber underwriting teams to continuously update cyber risk modeling and policy terms. The 2025 strategy focuses on Corebridge Financial stake reduction (monetizing remaining stake toward eventual full exit), commercial P&C underwriting profitability improvement (combined ratio toward 88-89%), and specialty lines market share expansion in financial lines, cyber, and transactional liability. ## Frequently Asked Questions ### What is American International Group (AIG)? American International Group (AIG) is one of the world's largest insurance organizations, providing property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. AIG is the largest underwriter of commercial and industrial insurance in the United States and serves 87% of the Fortune Global 500 and 83% of the Forbes 2000 companies. ### When was AIG founded? AIG was founded on December 19, 1919, when Cornelius Vander Starr established American Asiatic Underwriters in Shanghai, China. The company was later incorporated as American International Group, Inc. in 1967 and went public in 1969. ### Where is AIG headquartered and where does it operate? AIG is headquartered in New York City and has operations in more than 80 countries and jurisdictions worldwide. The company maintains a global presence with capabilities in approximately 190 countries through its operations and network partners. ### What are AIG's main products and services? AIG offers comprehensive insurance solutions including commercial property and casualty insurance, multinational insurance programs, personal insurance for high-net-worth individuals, travel insurance, employee benefits, reinsurance solutions, and specialty insurance lines covering aerospace, marine, energy, environmental liability, and cyber risks. ### Who is the CEO of AIG? Peter Zaffino serves as Chairman and Chief Executive Officer of AIG. He became CEO in March 2021 and Chairman in January 2022. Zaffino previously served as Global Chief Operating Officer after joining AIG from Marsh & McLennan in August 2017. ### What happened to AIG during the 2008 financial crisis? During the 2008 financial crisis, the Federal Reserve bailed out AIG for $180 billion and assumed a controlling ownership stake to prevent the company's collapse. AIG successfully repaid $205 billion to the U.S. government in 2012, completing its repayment obligations and regaining full independence. ### What is Corebridge Financial and its relationship to AIG? Corebridge Financial was AIG's life and retirement business unit. In September 2022, AIG completed the IPO of Corebridge, raising $1.7 billion in the largest public offering of 2022. In June 2024, AIG completed the deconsolidation of Corebridge Financial, reducing its ownership to 22.7% through a sale of a 21.6% stake to Nippon Life for $3.8 billion. ### What makes AIG different from other insurance companies? AIG distinguishes itself through its global scale serving 87% of Fortune Global 500 companies, its position as the largest commercial and industrial insurer in the United States, multinational capabilities in 190 countries, and significant investments in AI and digital technology with approximately $300 million invested in data, digital workflow, AI and talent over the last two years. ### How much revenue does AIG generate? AIG reported adjusted pre-tax income of $5.0 billion for full year 2023. The company's General Insurance business achieved a combined ratio of 88.4% in 2023, demonstrating strong underwriting discipline and operational efficiency. ### What is AIG's technology and AI strategy? AIG has invested approximately $300 million in data, digital workflow, AI and talent over the last two years. Early generative AI pilots have shown data collection and accuracy rates improved from near 75% to upwards of 90% while significantly reducing processing time. The company appointed Scott Hallworth as Chief Digital Officer in September 2025 to lead its digital, data and GenAI strategy. ### How can I contact AIG? Customers can contact AIG through www.aig.com for online services and information. The company's headquarters is located in New York City, and it maintains offices and operations in more than 80 countries worldwide. ### What are AIG's recent strategic achievements? Recent achievements include the successful deconsolidation of Corebridge Financial in 2024, returning $8.1 billion to shareholders in 2024, achieving $450 million in run-rate savings through the AIG Next program, launching reinsurance Syndicate 2478 at Lloyd's in partnership with Blackstone in January 2025, and appointing John Neal, former CEO of Lloyd's of London, as President in December 2025. ## Tags b2c, fintech, insurance, global, public, fortune500 --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*