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American International Group, Inc.

News and overview for American International Group, Inc.

Friday's biggest moving stocks - MarketWatch
MarketWatch | 17 days 6 hours 59 minutes ago
About two years ago, Starbucks ceased to be just a coffee shop. It suddenly found itself as an unwitting economic indicator.


Stocks in focus for Friday - MarketWatch
MarketWatch | 17 days 20 hours 15 minutes ago
Just how bad was October for retailers? Not even teens were spending.


Rail deal is double that of Buffett's next biggest - MarketWatch
MarketWatch | 19 days 23 hours 25 minutes ago
To find Buffett's next biggest deal, one has to go back to 1998, when the Oracle of Omaha spent $16.15 billion to acquire insurance firm General Re.


Overseer: Regulator could have limited AIG bailout - MarketWatch
MarketWatch | 6 days 21 hours 15 minutes ago
"The Federal Reserve Bank of New York's decision to treat all of AIG's counterparties equally gave each of the major counterparties effective veto power over the possibility of a concession from any other party," according to a report issued by the Special Inspector General for the Troubled Asset Relief Program.


China Strategic shares jump on Chinatrust deal - MarketWatch
MarketWatch | 5 days 17 hours ago
China Strategic shares were rose as much as 11.7% in the Hong Kong morning session, while Chinatrust shares gained 2.2% in Taipei.


Success for AIG? It depends. MarketWatch First Take - MarketWatch
MarketWatch | 17 days 4 hours 6 minutes ago
AIG's profit may suggest the rescue effort has been a success. It began by stemming the further collapse of financial institutions and endures through the profits reported by the survivors. In AIG alone, that has cost taxpayers $120.6 billion.


Free Bob Benmosche MarketWatch First Take - MarketWatch
MarketWatch | 12 days 7 hours 4 minutes ago
Reuters Robert H. Benmosche


AIG post second consecutive profit, shares fall - MarketWatch
MarketWatch | 17 days 6 hours 32 minutes ago
Third-quarter net income swung to a third-quarter profit of $455 million, or 68 cents a share, from a loss of $24.5 billion, $181.02 a share, in the year-ago period.


More Government Sachs? Don't buy it. David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 20 days 15 hours 45 minutes ago
We suspect they cheat -- that they're too cozy with the government. We worry they rig the system, manipulate our leaders, have too much influence. They seem to own the stock exchange through wheeling and dealing and Capitol Hill through connections and campaign contributions.


Tuesday's biggest gaining and declining stocks - MarketWatch
MarketWatch | 41 days 9 hours 4 minutes ago
Toolmaker Black & Decker issued a stunning earnings outlook Monday, but much of its boost comes from a tax break. It seems the one thing that everyone needs, sales growth, still proves elusive.


Chinatrust still looking to buy into Taiwan market - MarketWatch
MarketWatch | 20 days 19 hours 44 minutes ago
"We will not change this direction (of acquiring an insurer)," Chief Investment Officer Daniel IK Wu told an investor conference. He declined to provide other details or possible acquisition targets.


Moody's: AIG should be able to repay US loan, preferred stock - MarketWatch
MarketWatch | 13 days 5 hours 45 minutes ago
AIG's shares climbed 3.3% to $37.39 after hours. The stock, which underwent a 1-for-20 reverse split earlier this year, has lost about 14% in the past year.


China Strategic plans fresh fundraising, hires new executives - MarketWatch
MarketWatch | 13 days 14 hours 58 minutes ago
(Adds China Strategic's financing plan.)





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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