American International Group, Inc.

News and overview for American International Group, Inc.

New year rebranding will complete takeover of AIG
Honolulu Advertiser, The | 5 days 1 hour 20 minutes ago
AIG Hawaii Insurance Co. said it will change its name to Farmers Insurance Hawaii Inc. at the start of next year to reflect its new ownership under Farmers Insurance Group.


NOVEMBER 19, 2009, 6:57 A.M. ET Taiwan Rejects Bid for Nan Shan
Barron's (subscription required) | 5 days 1 hour ago
TAIPEI -- Taiwan's government has turned down an application by a consortium led by China Strategic Holdings Ltd. to buy American International Group Inc.'s Taiwanese unit, although the Hong Kong-based company said Thursday it plans to resubmit its application to the island's regulators.


Watchdog: Gov't may have overpaid to bail out AIG
Yahoo! | 7 days 6 hours 40 minutes ago
WASHINGTON – Officials handling the multibillion dollar bailout of insurance giant American International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.


US HOT STOCKS: GE, AIG, Sunoco, Starbucks, Fannie Mae
Wall Street Journal, The | 17 days 17 hours 7 minutes ago
U.S. stocks traded higher Friday as the Dow Jones Industrial Average rose 4 points to 10009, the S&P 500 climbed 1 point to 1068 and the Nasdaq Composite gained 4 points to 2109. Among the companies whose shares are actively trading in the session are General Electric Co. (GE), American International Group Inc. (AIG) and Sunoco Inc. (SUN).


Goldman Sachs was exposed to AIG losses: Government report
Business Insurance | 5 days 20 hours 46 minutes ago
Goldman Sachs Group Inc. could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc., according to a government report.


Goldman was exposed to AIG losses: govt report
Canada.com | 5 days 20 hours 17 minutes ago
YORK -- Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.


Officials mismanaged AIG bailouts, may have overpaid to stabilize company, watchdog says
Star Tribune (Minneapolis-St. Paul, Minn.) | 7 days 8 hours 13 minutes ago
WASHINGTON - Officials handling the multibillion dollar bailout of insurance giant American International Group Inc.


Watchdog: Gov't may have overpaid to bail out AIG by The Associated Press
National Public Radio | 7 days 9 hours 59 minutes ago
Officials handling the multibillion dollar bailout of insurance giant American International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.


New York Fed Caved In to AIG Creditors
Wall Street Journal, The | 7 days 6 hours 56 minutes ago
The Federal Reserve Bank of New York caved in to demands by American International Group Inc.'s trading partners that they be paid in full for complex securities they had insured with the company, saving some of the world's biggest banks from potentially large losses, according to a government audit.


Report Rebuts Goldman Claim
Wall Street Journal, The | 6 days 7 hours 45 minutes ago
For more than a year, Goldman Sachs Group Inc. has maintained that it wouldn't have suffered material losses had the government allowed one of its major trading partners, American International Group Inc., to collapse.


Goldman Was Exposed to AIG Losses: Government Report
ABC News | 5 days 20 hours 5 minutes ago
NEW YORK (Reuters) - Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc , according to a government report.


UPDATE:Taiwan Regulator Demands More Papers For Nan Shan Deal
Wall Street Journal, The | 5 days 4 hours 6 minutes ago
(Adds comments from China Strategic and AIG.) By Jessie Ho Of DOW JONES NEWSWIRES TAIPEI (Dow Jones)--Taiwan's governmentturned down an application by a consortium led by China Strategic Holdings Ltd. (0235.HK) to buy Nan Shan Life Insurance Co., American International Group Inc. (AIG)'s Taiwanese unit, asking for more documents.


Watchdog: Gov't overpaid to bail out AIG
Monterey County Herald (Calif.), The | 7 days 13 hours 16 minutes ago
WASHINGTONOfficials managing the multibillion dollar bailout of insurance giant American International Group Inc. bungled the first rescue and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.


Goldman was exposed to AIG losses - govt report
Reuters | 5 days 22 hours 59 minutes ago
NEW YORK, Nov 18 (Reuters) - Goldman Sachs Group Inc (GS.N) could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc (AIG.N), according to a government report.


Taiwan Rejects Bid for AIG Unit
Wall Street Journal, The | 4 days 6 hours 34 minutes ago
Taiwan's government has rejected an application by a consortium led by China Strategic Holdings Ltd





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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