Last $54.02 USD
Change Today -0.15 / -0.28%
Volume 8.3M
AIG On Other Exchanges
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As of 8:04 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

american international group (AIG) Snapshot

Open
$54.28
Previous Close
$54.17
Day High
$54.62
Day Low
$53.97
52 Week High
09/19/14 - $56.56
52 Week Low
02/3/14 - $46.80
Market Cap
77.1B
Average Volume 10 Days
8.4M
EPS TTM
$5.43
Shares Outstanding
1.4B
EX-Date
09/9/14
P/E TM
9.9x
Dividend
$0.50
Dividend Yield
0.88%
Current Stock Chart for AMERICAN INTERNATIONAL GROUP (AIG)

american international group (AIG) Details

American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The AIG Property Casualty segment offers casualty insurance products that cover general liability, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance; industrial energy-related and commercial property insurance products, which cover exposures to man-made and natural disasters; aerospace, environmental, political risk, trade credit, surety and marine insurance products for small and medium sized enterprises; and various forms of professional liability insurance products. It also provides personal accidental and supplemental health products for individuals, employees, associations, and other organizations; and life products, as well as a range of travel insurance products and services for leisure and business travelers. This segment distributes its insurance products and services through brokers, agents, and direct marketing and partner organizations, as well as the Internet. The AIG Life and Retirement segment offers a suite of products and services to individuals and groups, including term life insurance, universal life insurance, accident and health insurance, fixed and variable group annuities, administrative and compliance services, mutual funds, and financial planning. This segment distributes its products through banks, broker-dealers, financial advisors, independent marketing organizations, insurance agents, structured settlement brokers, benefit consultants, and direct-to-consumer platforms. The company also provides private residential mortgage guaranty insurance and direct investment book services; and derivatives intermediary services. American International Group, Inc. was founded in 1919 and is based in New York, New York.

64,000 Employees
Last Reported Date: 02/20/14
Founded in 1919

american international group (AIG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $988.3K
Executive Vice President of Investments
Total Annual Compensation: $987.3K
Advisor
Total Annual Compensation: $2.3M
Compensation as of Fiscal Year 2013.

american international group (AIG) Key Developments

American International Group, Inc. Announces Executive Changes

American International Group has named Philip Fasano to the newly created role of Executive Vice President and Chief Information Officer. According to a company release, Fasano, who will join AIG in October, will report to AIG President and Chief Executive Officer, Peter D. Hancock. Fasano joins AIG from Kaiser Permanente, where he was Executive Vice President and Chief Information Officer. At AIG, Fasano will be responsible for oversight of the company's global information technology, including reviewing and updating technology systems and platforms, along with data management and security.

American International Group, Inc. to Redeem 8.250% Notes Due 2018

American International Group, Inc. announced that it will redeem all of its outstanding 8.250% Notes Due 2018 (CUSIP Nos. 026874BT3, 026874BU0 and U02687CB2) (the "Notes") on October 27, 2014 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price per $1,000 principal amount of Notes as determined in accordance with the indenture governing the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. The Notes are part of the Direct Investment book ("DIB") and will be repaid using cash allocated to the DIB. As of September 26, 2014, $1,982,806,000 aggregate principal amount of the Notes were outstanding. The Notes are held only in book-entry form through The Depository Trust Company ("DTC"). DTC will redeem the Notes in accordance with its procedures.

AIG Opens New Treasury Centre in Dublin

AIG announced the establishment of its EMEA Treasury Operations Centre in Dublin, creating 20 new jobs. The Operations Centre will form part of the already established Dublin Investment Centre that provides Investment Administration services to AIG globally. Phase one of the establishment of the new Treasury Operations Centre is already in progress with a number of Twenty treasury management positions in total will be filled in support of the new Dublin Treasury Operations Centre. The project has been supported by the Department of Jobs through IDA Ireland. The establishment of the new Treasury Operations Centre is part of AIG's Treasury Transformation Initiative, which aims to establish an integrated, cohesive global treasury organization that safeguards AIG's liquidity, transaction execution and banking relationships in a cost effective environment.

 

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Industry Analysis

AIG

Industry Average

Valuation AIG Industry Range
Price/Earnings 9.0x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 8.8x
TEV/Sales 0.2x
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