AIG

AIG

AIG

Overview
Date Founded

1919

Headquarters

5795 Chamblee Dunwoody Rd, Atlanta, GA, 30338, US

Type of Company

Public

Employees (Worldwide)

46K

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

Chief Executive Officer

Interim Chairman & Chief Executive Officer

President

President

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Investment Officer

Executive Vice President & General Counsel

Executive Vice President, Chief Auditor

Vice President, Deputy General Counsel & Corporate Secretary

Chief Executive Officer, North America General Insurance

Board of Directors

Former Chief Executive Officer at Northwest Airlines Corp.

Chairman at Marblegate Asset Management LLC

Member, Leadership Team at Eli & Edythe Broad Foundation

Co-Founder at Granite Broadcasting Corporation

Former Partner, Department of Professional Practice at KPMG LLP

President & Chief Operating Officer at T. Clubb & Son Ltd

Chairman & Partner at White Oak Global Advisors LLC

Associate at Society of Actuaries

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AIG
Owners & Shareholders
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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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H&W employs an active, team-based investment approach driven by fundamental research and bottom-up security selection. The firm offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. Their investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. H&W seek to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. For investments in fixed income securities, H&W develops an outlook for credit markets, interest rates, currency exchange rates and the economy, analyzes individual credit and call risks, and uses other security selection techniques. The proportion of assets allocated to investment in securities with particular characteristics (such as quality, sector, interest rate or maturity) varies based on the firm's outlook for the US economy and the economies of other countries in the world, the financial markets and other factors. H&W's capital income strategies invest in equity and high yield fixed income securities that generate current income and are attractively valued. The allocation between high yield and equity can vary over time depending on where the firm identifies compelling opportunities. For hedged value strategy, H&W invests in long and short positions in securities consisting principally, but not solely, of publicly traded US and non-US equity and equity-related securities. The firm may also invest in preferred stocks, private securities, convertible securities, warrants, options (including covered and uncovered puts and calls and overthe-counter options), futures, swaps and other derivative instruments, bonds and other fixed income securities, ETFs, mutual funds and money market instruments. They also engages in short selling, margin trading, hedging and other investment strategies. H&W is a signatory to the United Nations-supported Principles for Responsible Investment (UNPRI).

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MIMBT maintains a flexible strategy designed to conform with various clients' individual investment objectives, whether such objectives are growth, total return, current income, tax-exempt income, asset allocation, international or global, or stability of principal. In addition, a portfolio manager will generally consider the composition of the relevant benchmark index, as well as the composition of portfolios within a competitive peer group when constructing the portfolio for a fund. This method is designed to minimize both excessive volatility within the portfolio and wide divergence in performance versus the market in a given investment style or mandate, while seeking to produce consistently above average long-term performance. MIMBT manages separate client-focused equity, debt, and balanced portfolios. They invest in the public equity and debt markets of the US, non-US, and other emerging economies. They invest in growth-oriented value stocks of small-cap, mid-cap and large-cap companies. The firm selects countries by utilizing a top-down approach and selects using fundamental analysis with a bottom-up approach.

Recent Transactions
Details Hidden

The Carlyle Group, Inc. purchases DSA Reinsurance Co. Ltd. from AIG

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AIG purchases Glatfelter Insurance Group

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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

Transaction Advisors
Auditor

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

Global Coordinator

Advised onAIG issued USD Common Stock

Co-Chair, Financial Institutions Group

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

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, property 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.

Primerica, Inc. engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies. The Investment and Savings Products segment involves retail and managed mutual funds and annuities, and segregated funds. The Corporate and Other Distributed Products segment comprises the revenues and expenses related to discontinued lines of insurance. The company was founded by Arthur L. Williams, Jr. and Angela Williams on February 10, 1977 and is headquartered in Dublin, GA.

Key Stats and Financials As of 2019
Market Capitalization
$22.8B
Total Enterprise Value
$83.3B
Earnings Per Share
$3.79
Revenue
$50.1B
Total Equity
$67.4B
Net Profit
$3.35B
Three Year Compounded Annual Growth Rate Of Revenue
-3.38%
Five Year Compounded Annual Growth Rate Of Revenue
-4.72%
Debt TEV
0.43x
Enterprise Value Sales
1.66x
TEVNet Income
24.89x
Total Debt
$36.1B
Non-Profit Donations & Grants
$2,500 - $4,999
2018
$1,000 - $2,499
2018
Non-Profit Donations & Grants Received
Political Donations
$500
2008
$1,000
2008
$500
2008
Investments
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K2 Global Partners LLC provides risk consulting and credit rating services. The firm 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 in 2009 and is headquartered in Bayside, NY.

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Charaf Corp. SA manufactures and distributes fertilizers. It offers plant and animal nutrition products and fertilizers. The company was founded in 1989 and is headquartered in Casablanca, Morocco.

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Springleaf Finance, Inc. provides mortgages, personal and debt consolidation loans. It offers consumer finance and credit insurance solutions. The firm also offers non-conforming real estate loans secured by first or second mortgages on residential real estate; life, property, and casualty insurance; and reinsurance products and services. The company was founded on February 26, 1974 and is headquartered in Evansville, IN.

Investors
Details Hidden

Founder at Icahn Enterprises LP

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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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