Last $51.98 USD
Change Today -1.07 / -2.02%
Volume 5.5M
AIG On Other Exchanges
New York
As of 3:19 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

american international group (AIG) Snapshot

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52 Week High
06/20/14 - $56.00
52 Week Low
07/31/13 - $45.50
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american international group (AIG) Details

American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The AIG Property Casualty segment offers casualty insurance products that cover general liability, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance; industrial energy-related and commercial property insurance products, which cover exposures to man-made and natural disasters; aerospace, environmental, political risk, trade credit, surety and marine insurance products for small and medium sized enterprises; and various forms of professional liability insurance products. It also provides personal accidental and supplemental health products for individuals, employees, associations, and other organizations; and life products, as well as a range of travel insurance products and services for leisure and business travelers. This segment distributes its insurance products and services through brokers, agents, and direct marketing and partner organizations, as well as the Internet. The AIG Life and Retirement segment offers a suite of products and services to individuals and groups, including term life insurance, universal life insurance, accident and health insurance, fixed and variable group annuities, administrative and compliance services, mutual funds, and financial planning. This segment distributes its products through banks, broker-dealers, financial advisors, independent marketing organizations, insurance agents, structured settlement brokers, benefit consultants, and direct-to-consumer platforms. The company also provides private residential mortgage guaranty insurance and direct investment book services; and derivatives intermediary services. American International Group, Inc. was founded in 1919 and is based in New York, New York.

64,000 Employees
Last Reported Date: 02/20/14
Founded in 1919

american international group (AIG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $2.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $988.3K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $1.5M
Executive Vice President of Life & Retirement...
Total Annual Compensation: $1.2M
Executive Vice President of Investments
Total Annual Compensation: $987.3K
Compensation as of Fiscal Year 2013.

american international group (AIG) Key Developments

Sources Say QBE May Revive Asset Sale Plan

QBE Insurance Group Ltd. (ASX:QBE) is planning to sell assets. Sources stated that the company is expected to resume the sales process for its $1 billion-plus mid-market US insurance business through Merrill Lynch around September 2014, after it was recently put on hold. Several industry groups are expected to bid for the business when it is back up for sale. According to the news report, it is understood that firms looking to increase market share or move into new geographies are among those most likely to show interest. Sources added that potential suitors may include The Chubb Corporation (NYSE:CB), ACE INA International Holdings, Ltd., Allstate Insurance Company, American International Group, Inc. (NYSE:AIG), The Hartford Financial Services Group, Inc. (NYSE:HIG) (Hartford Insurance), and Zurich, sources said. Sources have said the company could sell Winterthur for the $1.2 billion. According to the news report, QBE declined to comment.

American International Group Announces Final Results of its Tender Offers

American International Group, Inc. announced the final results as of 11:59 p.m., New York City time, on July 10, 2014 of its previously announced cash tender offers for up to $1.8 billion maximum aggregate purchase price of the junior subordinated debentures issued or guaranteed by AIG listed in the table below under the caption 'Junior Tender Offer' and up to $700 million maximum aggregate purchase price of the senior notes and debentures issued or guaranteed by AIG listed in the table below under the caption 'Senior Tender Offer', pursuant to its offer to purchase dated June 12, 2014. The complete terms of the tender offers, including certain capitalized terms used but not defined herein, are set forth in the Offer to Purchase and, as applicable, the related letter of transmittal. As of the Expiration Date, the principal amount of Securities of each series outstanding and validly tendered and accepted by AIG, the Acceptance Priority Level (where applicable) and the Total Consideration per $1,000, GBP 1,000 or EUR 1,000 principal amount are as set forth in the table below. The Total Consideration includes an early participation amount of $50, GBP 50 or EUR 50 per $1,000, GBP 1,000 or EUR 1,000 principal amount, as applicable, of Securities validly tendered prior to 5:00 p.m., New York City time, on June 25, 2014 and accepted for purchase.

AIG Financial Distributors Appoints John D. Stout as Senior Vice President, Sales Training and Development

AIG Financial Distributors announced that it has appointed John D. Stout as Senior Vice President, Sales Training and Development, effective immediately. In the newly created position, Mr. Stout will launch and lead AIG Financial Distributors University, implementing strategies to develop current sales professionals and also train future generations of financial advisors and agents. He will report directly to Steve Maginn, President and CEO, AIG Financial Distributors. After earning an M.A. and Ph.D. in industrial and organizational psychology from the University of Houston, Mr. Stout served in a series of increasingly important executive positions at LIMRA International, MetLife, Foresters, and Futurity Insurance Group. His responsibilities spanned organizational, leadership, management, and sales force development. Most recently Mr. Stout headed JD Stout Consulting, LLC, providing comprehensive consulting services for life and annuity companies.


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AIG Competitors

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Industry Average

Valuation AIG Industry Range
Price/Earnings 9.2x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 9.0x
TEV/Sales 0.2x

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