American International Group, Inc.

News and overview for American International Group, Inc.

Fannie Mae shares may be on late-trading radar - MarketWatch
MarketWatch | 17 days 26 minutes ago
The lender has already received more than $44 billion in government funding under a senior preferred-stock purchase agreement. See full story.


US to order exec pay cuts at bailed-out firms: NYT - MarketWatch
MarketWatch | 33 days 1 hour 16 minutes ago
US to order exec pay cuts at bailed-out firms: NYT


Consumer debt falls for record 8th straight month - MarketWatch
MarketWatch | 17 days 26 minutes ago
Credit balances had never fallen eight months in a row before in the 66-year history of the data.


Health-care vote may be delayed in House - MarketWatch
MarketWatch | 17 days 26 minutes ago
House Majority Leader Steny Hoyer, D-Md., said Friday that he expects the House will finish debate on the overhaul bill by 7 p.m. or 8 p.m. Eastern Saturday and proceed to a vote. However, reported The Wall Street Journal, he cautioned debate could stretch into next week.


U.S. stock market does double-take on jobs report - MarketWatch
MarketWatch | 17 days 3 hours 27 minutes ago
It set the stage for a back-and-forth Friday session as investors digested revisions to the payrolls data that illustrate a positive three-month trend and bode well for the future.


AerCap posts smaller third-quarter profit - MarketWatch
MarketWatch | 17 days 4 hours ago
But the Amsterdam-based company is in a strong growth position, according to Chief Executive Klaus Heinemann, as the airline industry continues to recover from a sharp drop in demand.


Pay czar hopes banks will emulate his pay limits - MarketWatch
MarketWatch | 21 days 24 minutes ago
"Will it have an impact beyond the seven companies, will there be some voluntary adoption of the structure by other Wall Street corporations?" asked Feinberg to an executive pay conference organized by the University of Maryland. "I don't know. I hope so...I think what we have done is worthy to be emulated by others in the private sector."


Greenberg's folly: stealing top talent from AIG MarketWatch First Take - MarketWatch
MarketWatch | 27 days 5 hours 14 minutes ago
Reuters Maurice "Hank" Greenberg


Are other states watching California's tax ploy? - MarketWatch
MarketWatch | 17 days 26 minutes ago
Credit cards gouge consumers


Canada stocks shake off losses as gold rises - MarketWatch
MarketWatch | 17 days 2 hours 25 minutes ago
Gold for December delivery rose as high as $1,100.50 an ounce on the New York Mercantile Exchange, and rose up to $1,101.90 an ounce in electronic trade.


Taiwan Wary Over Sale of Nan Shan Life
Wall Street Journal, The | 5 hours 20 minutes ago
American International Group Inc.'s $2.15 billion deal to sell off its Taiwan insurance operations to Hong Kong buyers is raising concerns about what might be called an Asian twist on a Greek legend: the Chinese Trojan Horse.


Obama speaks softly, carries big stick on exec pay David Callaway - MarketWatch
MarketWatch | 32 days 16 hours 45 minutes ago
After nine months of fumbling and frustration on issues from Afghanistan to the auto industry, Obama finally wielded Teddy Roosevelt's big stick on Wednesday and slammed it down on overpaid executives of the seven biggest companies bailed out by the U.S. taxpayer.


AES draws $2 billion investment from China - MarketWatch
MarketWatch | 17 days 2 hours 55 minutes ago
Bank of America Merrill Lynch economist Ethan Harris weighs in on jobs growth, consumer spending and the latest payrolls report as the nation's unemployment rate jumps to 10.2% in October.


PicksThatMove.com Announces Investment Opinion on Q, WTM, AIG, LFGB and QAU [Press Release]
Business Wire | 26 days 20 minutes ago
PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.


Czar wants $198 million in AIG pay reduced: source - MarketWatch
MarketWatch | 41 days 1 hour 12 minutes ago
Government-appointed pay czar Kenneth Feinberg wants $198 million in American International Group Inc. retention pay reduced, according to a person familiar with a bank bailout oversight report. On Sept. 1, Feinberg started a sixty-day clock to review the pay packages for top executives and employees at seven large financial institutions, including AIG, which have received $200 billion in taxpayer funds. He is expected to seek to crackdown on some of the perks and pricey packages.





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Company Overview


Company: American International Group, Inc.
Industry: Property & Casualty Insurance
Website: http://www.aigcorporate.com

Even to this day American International Group (AIG) is one of the world's largest insurance firms. While it remains in the spotlight for staggering losses and government bailouts, the company's subsidiaries are still providing insurance. AIG is a leading US provider of property/casualty and specialty insurance to commercial, institutional, and individual customers. Internationally, the company provides reinsurance, life insurance and retirement services, asset management, and financial services (including financing commercial aircraft leasing) in more than 120 countries. The US government holds more than 80% of the company, and its future remains in a state of flux.


Key Numbers

Sales in U.S. Dollars (mil.) 11,104 (2008)
One-year % Growth in Sales -89.9 (2008)
Net Income in U.S. Dollars (mil.) -99,289 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 116,000 (2008)
One-year % Growth in Number of Employees 0.0 (2008)
Fiscal Year-End December