| AMERICAN INTERNATIONAL GROUP (AIG) www.aig.com | | Industry Group Code: 524126 | | | | Ranks within this company's industry group: | | Sales: 2 | Profits:65 |
| | | Underwriters-Business: | | Property/Casualty: | Y | | Specialty: | Y | | Group Life: | Y | | Group Health: | Y | | | | | | |
| | Underwriters-Personal: | | Automobile: | Y | | Homeowners: | Y | | Health: | | | Supplemental Health.: | | | Life: | Y | | | |
| | Other Insurance: | | Financial Guaranty: | | | Title Insurance: | | | Worker's Comp.: | | | Reinsurance: | Y | | | | |
| | Services: | | Labs/Tests: | | | Info./Data Publishing: | | | Claims Adjusting: | | | Worker's Comp. Therapy: | | | Specialty Services: | Y | | |
| | Technology: | | Software: | | | Online Services: | | | Specialty Tech.: | | | | | | | | |
| | Consulting/Brokers: | | Insurance Brokers: | | | Risk Mgt. Services: | Y | | Safety Consulting: | | | 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
Reinsurance
Automotive Insurance
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| AIG Commerical Insurance Group
Foreign General
| | CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. | Robert H. Benmosche, CEO
Rodney O. Martin, COO
Robert H. Benmosche, Pres.
David L. Herzog, CFO/Exec. VP
Kathleen E. Shannon, Sec.
Christina Pretto, VP-Corp. Media Rel.
David L. Herzog, Sr. VP/Controller
Monika M. Machon, CIO/Sr. VP
Eric Martinez, CEO-United Guaranty Corp.
Robert G. Gifford, Pres./CEO-AIG Global Real Estate
Jay S. Wintrob, Pres./CEO-Domestic Life & Retirement Svcs.
| | 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, as well as a provider of a wide variety of financial services. In the fall of 2008, the U.S. government provided a $150 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 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. To that end, AIG plans to form a holding company which will be called AIU Holdings, Inc. It will be composed of AIG’s Commercial Insurance Group, Foreign General unit and other property and casualty operations. In September 2009, AIG announced plans to sell a portion of its investment advisory and asset management business to Bridge Partners, L.P., a unit of private investment firm Pacific Century Group (PCG) based in Hong Kong. AIG's continuing investment operation oversees approximately $480 billion in assets. Today, AIG has operations in more than 130 countries, serving commercial, institutional and individual customers, in addition to providing retirement services, financial services and asset management.
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. 2009 note: Fiscal 2009 results were not available for all companies at press time. For this company, yr. 2009 is for months. | | 2009 Sales: | | ( months) | 2009 Profits: | | ( months) | | 2008 Sales: | $92,625,000 | | 2008 Profits: | $-99,289,000 | | | 2007 Sales: | $110,064,000 | | 2007 Profits: | $6,200,000 | | | 2006 Sales: | $113,387,000 | | 2006 Profits: | $14,048,000 | | | 2005 Sales: | $108,905,000 | | 2005 Profits: | $10,477,000 | | 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: $697,921 | | Second Exec. Salary: $959,615 | Bonus: $724,901 |
| OTHER THOUGHTS: | LOCATIONS: ('Y' = YES) | | Apparent Top Female Officers: 4 | W | SW | MW | SE | NE | INTER. | | Hot Spots for Advancement for Women/Minorities: Y | Y | Y | Y | Y | Y | Y |
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