| AMERICAN INTERNATIONAL GROUP (AIG) www.aig.com | | Industry Group Code: 524126 | | | | Ranks within this company's industry group: | | Sales: 2 | Profits:2 |
| | | Underwriters-Business: | | Property/Casualty: | Y | | Specialty: | Y | | Group Life: | Y | | Group Health: | Y | | | | | | |
| | Underwriters-Personal: | | Automobile: | Y | | Homeowners: | Y | | Health: | | | Supplemental Health.: | | | Life: | | | | |
| | Other Insurance: | | Financial Guaranty: | | | Title Insurance: | | | Worker's Comp.: | | | Reinsurance: | | | | | |
| | Services: | | Labs/Tests: | | | Info./Data Publishing: | | | Claims Adjusting: | | | Worker's Comp. Therapy: | | | Specialty Services: | | | |
| | Technology: | | Software: | | | Online Services: | Y | | Specialty Tech.: | | | | | | | | |
| | Consulting/Brokers: | | Insurance Brokers: | | | Risk Mgt. Services: | Y | | Safety Consulting: | Y | | Asset Management: | Y | | | | |
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| TYPES OF BUSINESS: | BRANDS/DIVISIONS/AFFILIATES | Insurance, Direct Property & Casualty
Life Insurance
Consumer Loans
Retirement Products
Asset Management & Private Equity
Equipment Leasing
Reinsurance
Automotive Insurance
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| AIG Risk Management
AIG Environmental
Lexington Insurance Company
Transatlantic Holdings, Inc.
United Guaranty Corporation
International Lease Finance Corporation
AIG Financial Products Corp.
American General Finance, Inc.
| | CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. | Edward M. Liddy, CEO
Rodney O. Martin, COO
Martin J. Sullivan, Pres.
Peter Tulupman, Mgr.-Public Rel.
David L. Herzog, Sr. VP/Controller
Kathleen E. Shannon, Sec.
Robert M. Sandler, Exec. VP-Domestic Personal Lines
Edmund S.W. Tse, Sr. Vice Chmn., Life Insurance
Jay S. Wintrob, Exec. VP-Retirement Svcs.
Edward M. Liddy, Chmn.
| | Phone: 212-770-7000 | | Fax: 212-509-9705 | | Toll-Free: 877-638-4244 | Address: 70 Pine St.
New York, NY 10270 US |
| | GROWTH PLANS/SPECIAL FEATURES | American International Group, Inc. (AIG) until recently was one of the largest underwriters of commercial and industrial insurance in the world. The firm's member companies offered a range of insurance products through a variety of distribution channels in 130 countries. Operations included AIG Risk Management, which provided insurance and risk management programs for large corporate customers; AIG Environmental, which focused specifically on working with clients with environmental exposures; and Lexington Insurance Company, which writes surplus lines for risks that conventional insurance companies do not cover. AIG also offered a number of other services, such as reinsurance, mortgage guaranty and Domestic Personal Lines operations which provided automobile insurance through aigdirect.com and AIG Agency Auto as well as AIG Private Client Group, a provider of a range of coverages for high-net-worth individuals. AIG’s financial service businesses offered aircraft and equipment leasing (through International Lease Finance Corporation), capital markets risk management (through AIG Financial Products Corp.), consumer finance (through American General Finance, Inc. and AIG Consumer Finance Group, Inc.) and insurance premium finance services (through Imperial A.I. Credit Companies, Inc.). In the fall of 2008, the U.S. government announced a $120 billion bailout of AIG in order to prevent the firm from being forced into bankruptcy. This bailout, in the form of loans at high interest rates and warrants giving the government the right to own up to 80% of the firm's stock, gave the government effective control of the company. AIG is selling off assets as quickly as possible in order to repay the loan. The biggest potential problem was AIG's massive obligations in the form of credit default swaps (CDS) that it had underwritten. While the business unit that wrote these CDS created only a small portion of AIG’s revenues, it exposed the firm to extremely high potential risks. The company hopes to refocus primarily as a U.S. property and casualty company, with foreign general insurance and life insurance operations.
AIG offers its employees a wide variety of insurance plans, a health care reimbursement account and a health advisory program. |
| FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full amount. Yr. 2007 note: Fiscal 2007 results were not available for all companies at press time. For this company, yr. 2007 is for months. | | 2007 Sales: | $110,064,000 | ( months) | 2007 Profits: | $6,200,000 | ( months) | | 2006 Sales: | $113,387,000 | | 2006 Profits: | $14,048,000 | | | 2005 Sales: | $108,905,000 | | 2005 Profits: | $10,477,000 | | | 2004 Sales: | $97,666,000 | | 2004 Profits: | $9,839,000 | | | 2003 Sales: | $81,303,000 | | 2003 Profits: | $9,274,000 | | Stock Ticker: AIG | Employees: 116,000 | Fiscal Year Ends: 12/31 |
| SALARIES/BENEFITS: | | Pension Plan: Y | ESOP Stock Plan: | Profit Sharing: | | Savings Plan: Y | Stock Purch. Plan: Y | | | | | | Top Exec. Salary: $1,000,000 | Bonus: $3,625,000 | | Second Exec. Salary: $942,000 | Bonus: $1,223,000 |
| OTHER THOUGHTS: | LOCATIONS: ('Y' = YES) | | Apparent Top Female Officers: 3 | W | SW | MW | SE | NE | INTER. | | Hot Spots for Advancement for Women/Minorities: Y | Y | Y | Y | Y | Y | Y |
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