American International Group, Inc. (AIG) is a major multinational insurance corporation with a vast global footprint. Historically a diversified financial conglomerate, AIG has recently completed a multi-year strategic transformation to become a more streamlined property and casualty (P&C) insurer. This shift culminated in the 2022 initial public offering and 2024 deconsolidation of Corebridge Financial, its former Life and Retirement segment. Today, AIG's core operations are organized around its General Insurance business, which is divided into North America and International segments. The company offers a comprehensive suite of commercial and personal insurance products, including general liability, commercial property, financial lines, specialty coverage, and personal lines such as high-net-worth and travel insurance. AIG generates revenue primarily through earned insurance premiums and net investment income from its substantial investment portfolio. Operating in approximately 190 countries and jurisdictions, AIG leverages an extensive network of brokers, agents, and direct distribution channels to serve multinational corporations, mid-sized businesses, and individual consumers. By divesting non-core assets and reducing its stake in Corebridge, AIG has significantly strengthened its balance sheet, improved underwriting profitability, and refocused on its core P&C underwriting strengths.
