Last $54.96 USD
Change Today +0.365 / 0.67%
Volume 1.2M
As of 10:23 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

american international group (AIG) Snapshot

Open
$54.91
Previous Close
$54.59
Day High
$55.00
Day Low
$54.86
52 Week High
09/19/14 - $56.56
52 Week Low
02/3/14 - $46.80
Market Cap
76.9B
Average Volume 10 Days
6.9M
EPS TTM
$5.99
Shares Outstanding
1.4B
EX-Date
12/2/14
P/E TM
9.2x
Dividend
$0.50
Dividend Yield
0.87%
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

AIG Appoints Kjeld Binger as Chief Executive Officer

AIG announced the appointment of Mr. Kjeld Binger as its new Chief Executive Officer. Mr. Binger brings more than 15 years of experience in the airport sector and is the former CEO of Copenhagen Airports International, ASUR in Mexico, and DAE Airports in Dubai, as well as serving as chairman and a board member of various airport companies.

American International Group, Inc. Announces Executive Changes

American International Group, Inc. announced that it has named Charlie Shamieh Chief Executive Officer, Life, Health, and Disability Insurance. Alessa Quane, currently Chief Risk Officer for Commercial Insurance, will assume Mr. Shamieh's responsibilities as Corporate Chief Actuary, overseeing Global Actuarial and Value Management. Mr. Shamieh will report to Kevin Hogan, Chief Executive Officer, Consumer Insurance, and Ms. Quane will report to David Herzog, Chief Financial Officer. The appointments take effect in March 2015. Mr. Shamieh has more than 28 years of industry experience, having held senior insurance and reinsurance executive positions across three continents. Since joining the company in 2007, he has made significant contributions, including building the risk functions in each of the company’s insurance businesses and, in 2011, establishing the first integrated corporate actuarial function. In this role, he also led the company’s insurance company regulatory and rating agency capital and asset-liability management efforts, as well as value-based management initiatives. Prior to joining the company, Mr. Shamieh held senior insurance and reinsurance executive positions at Munich Re Group, AMP, Mercer, Deloitte, and Oliver, Wyman & Company.

American International Group, Inc. Announces Launch of Polaris Select Investor

American International Group, Inc. announced the launch of Polaris Select Investor, a new variable annuity that offers clients a deep and broad investment platform for their long-term investment accumulation needs. Polaris Select Investor is issued by the company, except in New York where it is issued by The United States Life Insurance Company in the City of New York. The new variable annuity offers clients more investment choice with 33 top-tier money managers and 90+ portfolios that cross 22 asset classes, as well as professionally designed asset allocation models. Polaris Select Investor also provides enhanced access to alternative and risk-managed investment strategies once reserved for hedge funds and institutional investors. Additional product highlights include enhanced investment flexibility with three different ways to invest. Clients have the option to build a customized allocation, choose an asset allocation model designed by Ibbotson Associates, Inc._or choose a Select Strategy that combines a model with a pre-selected allocation of six alternative investments. Valuable family protection with an optional Return of Purchase Payment Death Benefit available for an additional annualized cost. More control through the power of tax deferral. Clients may benefit from tax-free transfers between portfolios, tax-free rebalancing and tax-deferred growth of investment earnings for greater long-term growth potential.

 

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AIG:US $54.95 USD +0.36

AIG Competitors

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Zurich Insurance Group AG SFr.298.00 CHF 0.00
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Industry Analysis

AIG

Industry Average

Valuation AIG Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 8.6x
TEV/Sales -- Not Meaningful
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