American International Group, Inc. operates as an insurance company worldwide. The company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance, and other financial services to customers in approximately 100 countries and jurisdictions. The company’s offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide for retirement security. Segments The company operates in Commercial Insurance and Consumer Insurance segments. Commercial Insurance segment The Commercial Insurance segment provides insurance products and services for commercial and institutional customers. This segment includes property casualty networks, a mortgage guaranty insurer, and an institutional retirement and savings business. Commercial Insurance’s operating segments consist of property casualty, mortgage guaranty and institutional markets. Property Casualty Product Lines Property: The company’s products include commercial, industrial and energy-related property insurance products and services that cover exposures to man-made and natural disasters, including business interruption. Specialty: The company’s products include aerospace, environmental, political risk, trade credit, surety and marine insurance, and various small and medium sized enterprises insurance lines. Financial: The company’s products include professional liability insurance for a range of businesses and risks, including directors and officers liability, fidelity, employment practices, fiduciary liability, cybersecurity risk, kidnap and ransom, and errors and omissions insurance. Property Casualty products are primarily distributed through a network of independent retail and wholesale brokers, and through a newly acquired the U.S. managing general agent and insurance program administrator. Mortgage Guaranty Product Lines Mortgage insurance protects mortgage lenders and investors against the increased risk of borrower default related to high loan-to-value mortgages. Mortgage Guaranty products and services are directly distributed to a range of mortgage originators, including national mortgage, community and money center banks, as well as through builder-owned, regional mortgage and Internet-sourced lender and credit unions. Institutional Markets Product Lines The company’s products primarily include stable value wrap products, structured settlement and terminal funding annuities, high net worth products, corporate- and bank-owned life insurance and guaranteed investment contracts. Institutional Markets products are primarily distributed through specialized marketing and consulting firms and structured settlement brokers. Business Strategy The company’s business strategy is to strive to be its customers’ most valued insurer by offering innovative products, superior service and access to an extensive global network; improve its business portfolio through risk selection by using enhanced data, analytics and the application of science to deliver superior risk-adjusted returns; reorganize its operating model into ‘modular’, more self-contained business units to enhance decision making, transparency and accountability; and grow its higher-value businesses while investing in transformative opportunities, continuing initiatives to modernize its technology and infrastructure, advancing its engineering capabilities, innovating new products and client risk services, and delivering a better client experience. Consumer Insurance segment The Consumer Insurance segment is a franchise that offers a portfolio of retirement, life insurance and personal insurance products offered through multiple distribution networks. Its operating segments consist of Retirement, Life, and Personal Insurance. Retirement Product Lines Fixed Annuities: The company’s products include single and flexible premium fixed annuities and single premium immediate and deferred income annuities. The Fixed Annuities product line maintains its position in the U.S. bank distribution channel by designing products collaboratively with banks and offering an adminis
american international group
175 Water Street
New York, NY 10038
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