Industry Statistics, Trends and In-depth Analysis of Top Companies

 
     

Insurance Sample Profile

 
AMERICAN INTERNATIONAL GROUP (AIG)   www.aig.com
Industry Group Code: 524126   
Ranks within this company's industry group: Sales: 2Profits:2
 
Underwriters-Business:
Property/Casualty: 
Specialty: 
Group Life: 
Group Health: 
  
  
Underwriters-Personal:
Automobile: 
Homeowners: 
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:
Specialty Tech.: 
 
 
  
Consulting/Brokers:
Insurance Brokers: 
Risk Mgt. Services:
Safety Consulting:
Asset Management:
 
 
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
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:$108,905,0002005 Profits:$10,477,000
2004 Sales:$97,666,000 2004 Profits:$9,839,000
2003 Sales:$81,303,0002003 Profits:$9,274,000
Stock Ticker: AIG
Employees: 116,000
Fiscal Year Ends: 12/31
SALARIES/BENEFITS:
Pension Plan: YESOP Stock Plan: Profit Sharing:
Savings Plan: YStock Purch. Plan: Y 
  
Top Exec. Salary: $1,000,000Bonus: $3,625,000
Second Exec. Salary: $942,000Bonus: $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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