AIG

AIG

AIG

Overview
Date Founded

1919

Headquarters

2938 Paddock Brook Ln, Houston, TX, 77038, US

Type of Company

Public

Employees (Worldwide)

49.6K

Industries

Other Insurance Services
Insurance: Property & Casualty
Reinsurance
Insurance Brokerage
Investment Services & Portfolio Management

Company Description

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Associate General Counsel & Assistant Secretary

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Investment Officer

Chief Executive Officer, General Insurance & Global Chief Operating Officer

Executive Vice President, General Counsel & Interim Head of Human Resources

Executive Vice President, Chief Auditor

Vice President, Deputy General Counsel & Corporate Secretary

Chief Executive Officer, North America General Insurance

Chief Risk Officer & Executive Vice President

Board of Directors

Former Chief Executive Officer at Northwest Airlines Corp.

President & Chief Executive Officer at AIG

Chairman at Marblegate Asset Management LLC

Member, Leadership Team at Eli & Edythe Broad Foundation

Former Corporate Vice President & President at Northrop Grumman Corp.

Co-Founder at Granite Broadcasting Corporation

Former Partner, Department of Professional Practice at KPMG LLP

Chairman & Partner at White Oak Global Advisors LLC

Paths to AIG
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AIG
Owners & Shareholders
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Price Associates' investment approach is based on the belief that fundamental proprietary research drives value-added, active investment management. The firm maintains a global research platform that includes interconnected teams of research analysts. Their strategy begins with bottom-up analysis. Price Associates uses both qualitative and quantitative analysis to evaluate investment opportunities. Portfolios are created with a commitment to diversification and a strict attention to valuation appropriate to the chosen investment universe. The firm focuses its analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer. Price Associates' Private Asset management Group provides balanced, equity and fixed-income investment management services to meet the needs of individuals, trusts, endowments, foundations, institutions, retirement plans and IRAs and other entities.

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Harris uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. The firm's investment philosophy spans across large, mid and small cap companies. In addition, Harris may hedge a client's exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris believes purchasing businesses at a discount to intrinsic value minimizes risk while providing substantial profit potential. The firm uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. Harris generates their research ideas from a variety of internal and external sources. The firm's research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

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Barrow, Hanley, Mewhinney & Strauss has a strict definition of value. Our equity portfolios exhibit below-market price-to-earnings ratios, below-market price-to-book ratios, and above-market dividend yields, regardless of market conditions. As a result, each of our clients is assured that we will do our part to maintain the style integrity of their overall portfolio. In fixed income, we define value as temporarily mispriced securities with yield-to-maturity advantages over Treasury bonds of comparable maturity. We identify each opportunity from the bottom up, building a duration-neutral portfolio designed to "out-yield" the market. In this way, Barrow Hanley seeks to achieve higher total returns for our fixed income clients with below-benchmark volatility. Mutual Fund Sub-Advisory Services Stability of investment team, strict adherence to style and uniformity of process are hallmarks of Barrow Hanley. Through an investment in a Barrow Hanley sub-advised mutual fund, individual investors are able to access the research-driven, bottom-up approach to active security selection that is utilized by major pension plans, foundations and endowments, and other institutional investors worldwide. Barrow Hanley currently serves as a sub-advisor to more than 30 equity and fixed income mutual funds. In addition to sub-advising an array of nationally-recognized mutual funds in the U.S., we sub-advise a number of internationally-based funds.

Recent Transactions
Details Hidden

The Carlyle Group LP purchases DSA Reinsurance Co. Ltd. from AIG

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AIG purchases Glatfelter Insurance Group

Details Hidden

AIG, Kayne Anderson MLP/Midstream Investment Co. purchase Kayne Anderson Energy Development Co.

Transaction Clients

Advised on Arch Capital Group Ltd. issued USD Common Shares

Insider Transactions
Details Hidden
Transaction Advisors
Auditor

Advised onAIG issued Common Stock

Legal Advisor

Advised onAIG purchases SunAmerica, Inc.

Legal Advisor

Advised onAerCap Holdings NV purchases International Lease Finance Corp. from AIG

Legal Advisor

Advised onAerCap Holdings NV purchases International Lease Finance Corp. from AIG

Legal Advisor

Advised onRuentex Group, Ruen Chen Investment Holding Co., Ltd. purchase Nan Shan Life Insurance Co., Ltd. from AIG

Global Coordinator

Advised onAIG issued Common Stock

Advisors & Consultants
Advisor

Chairman, New York City Capital Markets at CBRE, Inc.

Legal Advisor

Co-Chair, Litigation Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Co-Chair, Financial Institutions Practice Group at Gibson, Dunn & Crutcher LLP

Clients

Fairfax Financial Holdings Limited is a holding company whose corporate objective is to achieve a high rate of return on invested capital and build long term shareholder value. The company has been under present management since September 1985.

Marcus & Millichap, Inc. engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.

Employers Holdings, Inc. engages in the provision of workers'' compensation products and services. It offers insurance focused on select small businesses in low to medium hazard industries. The company was founded in April 2005 and is headquartered in Reno, NV.

Key Stats and Financials As of 2018
Market Capitalization
$47.3B
Total Enterprise Value
$70.9B
Earnings Per Share
$-0.01
Revenue
$47.2B
Net Profit
$-6M
Total Debt
$34.5B
Total Equity
$57.3B
Enterprise Value Sales
1.5x
TEVNet Income
-11.8Kx
Debt TEV
0.49x
Three Year Compounded Annual Growth Rate Of Revenue
-6.81%
Five Year Compounded Annual Growth Rate Of Revenue
-7.08%
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
Political Donations
$500
2008
$1,000
2008
$500
2008
Investments
Details Hidden

K2 Global Partners LLC operates as a holding company with interests in providing risk consulting and credit rating services. It offers services to clients in areas including fraud and corruption strategies and solutions, transactional risk advisory, dispute resolution, and security strategies. The company was founded by Jules B. Kroll and Jeremy M. Kroll and is headquartered in Bayside, NY.

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Allied World Assurance Company Holdings, AG was established in 2001. Today the company employs staff worldwide and offers a mix of insurance and reinsurance solutions to a global clientele. Allied World maintains offices in Atlanta, Bermuda, Boston, Chicago, Dublin, Farmington, London, New York, San Francisco and Zug.

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MicroCred Nanchong is a holding company, which operates as a non-banking finance institution and provides loans for entrepreneurs and households. It offers working capital and investment capital microloans used for purchasing fixed assets, expanding business, purchasing inventories, and replacement of old equipments. The company was founded on October 24, 2007 and is headquartered in Nanchong, China.

Investors
Details Hidden

Founder at Icahn Associates Holding LLC

Details Hidden

Co-Founder at The Susan Thompson Buffett Foundation

Suppliers
Cover-All Technologies, Inc. Computer Software | Morristown, NJ

Cover-All Technologies, Inc. provides software products and business focused solutions to the property and casualty insurance industry. The company's proprietary technology solutions and services are designed to enable customers to introduce new products quickly, expand their distribution channels, reduce costs and improve service. It provides services to insurance companies, agents, brokers, and managing general agents. Cover-All Technologies was founded in 1981 and is headquartered in Fairfield, NJ.

Resources Connection, Inc. Management Consulting | Irvine, CA

Resources Connection We serve business from the inside. Partnering with client teams, we solve problems, implement initiatives and help drive change through all levels of businesses all over the world. Traditional consulting firms hire right out of school. We employ seasoned professionals so they can start adding value as soon as they begin an engagement. Our professionals are experienced problem solvers with 15-20 years experience in fields including finance and accounting, human capital, information management, internal audit, legal and supply chain. From 75 offices in North America, Europe and Asia Pacific, RGP serves 1,900 clients in 70 countries. We're a pioneering professional services firm, a global community with a new approach to consulting - from the inside out.

Cornerstone OnDemand, Inc. Pension Funds & Sovereign Wealth | Santa Monica, CA

Cornerstone OnDemand (NASDAQ:CSOD) is a global leader of cloud-based talent management software solutions. Over 11 million users across 190 countries rely on Cornerstone to maximize their potential, develop their skills and foster new levels of collaboration. Cornerstone empowers some of the world’s leading organizations, such as Starwood Hotels & Resorts, The Neiman Marcus Group, Save the Children, Turner Broadcasting System, Virgin Media and Pinkberry, to engage their workforces and leverage people performance for greater business results. Based on Cornerstone’s pure cloud architecture, Cornerstone’s comprehensive solution helps organizations manage entire employee lifecycle, from hiring through retirement.

Awards & Honors
Rank #49
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #49
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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