American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.[4] As of January 1, 2019, AIG companies employed 49,600 people.[5] The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary.[6][7][8] General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets.[6][7][8] AIG is a sponsor of the AIG Women’s Open golf tournament.
AIG’s corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000.[9] AIG was ranked 60th on the 2018 Fortune 500 list.[10] According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world.[11] On December 31, 2017, AIG had $65.2 billion in shareholder equity.[12]
During the financial crisis of 2007–2008, the Federal Reserve bailed the company out for $180 billion and assumed control, with the Financial Crisis Inquiry Commission correlating AIG’s failure with the mass sales of unhedged insurance.[13] AIG repaid $205 billion to the United States government in 2012.[14]