American International Group

What American International Group does

American International Group, Inc. (NYSE: AIG) is a global property and casualty insurance company headquartered in New York and founded in 1919 as American International Underwriters in Shanghai. Following the completion of its five-year separation from the life and retirement business through the divestiture of its Corebridge Financial stake (final tranche closed May 7, 2026 for $710 million), AIG now operates as a focused P&C insurer offering liability, financial lines, property, global specialty (including marine, aviation, energy, and construction), personal lines, accident and health, and reinsurance products to commercial and individual customers across North America, EMEA, Asia-Pacific, and the Caribbean/Latin America region.

The company's core technology includes an agentic AI specialty underwriting platform developed in collaboration with McGill and Partners and built on Palantir's Foundry, which integrates McGill's tech-enabled data with AIG's underwriting criteria to manage insurance capacity in near real time across subscription insurance markets. AIG distributes products through brokers, agents, direct channels, and international partner agencies (e.g., Selkridge Insurance Agency in Antigua) and has deployed approximately $1.6 billion (25% of capacity) into McGill and Partners' specialty portfolio. Revenue is generated primarily through property and casualty insurance premiums (Q1 2026 net premiums written of $5.6 billion, up 24% YoY) and underwriting income ($774 million in Q1 2026, more than tripling YoY at an 87.3% combined ratio), supplemented by investment returns and one-time divestiture proceeds.

AIG's business model has shifted from a diversified financial conglomerate toward a capital-disciplined, technology-enabled P&C specialist. Recent strategic actions include a ~$2.1 billion minority investment in Convex Group (~35% stake), a $642 million stake in Onex Corporation (9.9%) with a $2 billion three-year fund commitment, a strategic investment partnership with CVC committing up to $2 billion (AIG's first collaboration with a European-headquartered asset manager), and the final Corebridge exit. The company returned capital to shareholders through an 11% dividend increase (to $0.50 quarterly, ~2.7% yield) and 9.5% YoY share-count reduction via buybacks in Q1 2026.

Name

American International Group

Legal name

American International Group, Inc.

Website

https://aig.ag

Company type

Public

Founded year

1919

Operating status

Operating

Headcount range

10,001+ employees

Short description

American International Group is a global property and casualty insurer offering liability, property, specialty, personal, accident and health, and reinsurance products to commercial and individual customers. Following its Corebridge Financial divestiture, AIG now operates as a focused P&C specialist with agentic AI underwriting.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Insurance Carriers (5241), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Large Commercial Package (National Accounts) (FSAJAFAC)

Keywords

• Property casualty insurance
• Commercial insurance
• Personal insurance
• Specialty insurance
• Reinsurance services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Property and Casualty Insurance Premiums: AIG generates revenue primarily through property and casualty insurance premiums. Q1 2026 net premiums written reached $5.6 billion, representing 24% year-over-year growth.
2. Underwriting Income: Net underwriting income from General Insurance operations, which more than tripled year-over-year to $774 million in Q1 2026 with combined ratio of 87.3%.
3. Investment Returns: Returns from investment portfolio including private equity holdings and strategic investments in Convex and Onex.
4. Asset Divestitures: Proceeds from strategic divestitures including the sale of Corebridge Financial stake for $710 million, completing AIG's five-year separation from life and retirement business.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

American International Group is a global property and casualty insurer offering commercial and personal insurance products including Liability, Financial Lines, Property, Global Specialty, Personal Lines, Accident and Health, General Insurance, and Reinsurance. Following the divestiture of Corebridge Financial, AIG is focused on its General Insurance franchise distributed through brokers, partner agencies, and direct enterprise sales channels worldwide.

Product overview

American International Group operates as a global property and casualty insurance company offering a broad portfolio of insurance products. The company provides Liability, Financial Lines, Property, Global Specialty, Personal Lines, Accident and Health, and Reinsurance products. The General Insurance segment (commercial and personal property casualty) is the core focus following AIG's strategic exit from its life and retirement business (Corebridge Financial).

Differentiator

Problem solved

Functional benefit

Products and services

• Liability Insurance Coverage for legal liabilities arising from business operations, products, or professional services for commercial customers.
• Financial Lines Insurance products covering financial losses from risks such as crime, fidelity, and professional liability for commercial customers.
• Property Insurance Coverage for physical assets including buildings, equipment, and inventory against damage or loss for commercial customers.
• Global Specialty Specialty insurance products including marine, aviation, energy, and construction coverage for complex global commercial risks.
• Personal Lines Insurance products for individuals including home, auto, and personal umbrella coverage.
• Accident and Health Coverage for medical expenses and disability benefits resulting from accidents or health-related events for businesses and individuals.
• General Insurance Property and casualty insurance underwriting including commercial and personal lines, with focus on underwriting income generation as AIG's core operating segment post-Corebridge exit.
• Reinsurance Insurance for insurers, providing capacity and risk transfer solutions for AIG's global book and third-party clients, including specialty reinsurance and the Convex whole account quota share.

Quantifiable outcome

• Underwriting income more than tripled year-over-year to $774 million in Q1 2026
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature2 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• McGill and PartnersflagshipTechnology or Integration · 16 March 2026AIG announced collaboration with McGill and Partners to deploy agentic AI to the subscription insurance market. AIG is investing approximately $1.6 billion (25% capacity) into McGill and Partners' specialty portfolio. The partnership integrates Palantir's Foundry platform with McGill's tech-enabled data and AIG's underwriting criteria to manage insurance capacity in near real time, potentially transforming how specialty risk portfolios are analyzed and served.
• PalantircoreTechnology or Integration · 16 March 2026Palantir's Foundry platform is integrated into AIG's agentic AI underwriting system with McGill and Partners, enabling real-time data analysis and capacity deployment for specialty insurance underwriting.
• Convex GroupcoreStrategic or Co-development Partner · 9 February 2026AIG completed minority investment in Convex Group (approximately 35% stake for $2.1 billion). AIG gained board representation rights and began participating in a whole account quota share of Convex's underwriting portfolio from January 1, 2026, with plans to expand ceded volumes through 2028.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Everest Group: Global specialty (re)insurer offering reinsurance, insurance, and specialty solutions — directly comparable to AIG's Reinsurance and Global Specialty lines and a relevant peer for underwriting cycle benchmarks.
• Liberty Mutual Insurance: U.S. and global P&C insurer with significant commercial, specialty, and personal lines operations — overlapping with most of AIG's General Insurance product set.
• Chubb Limited: Global property and casualty insurer offering commercial, personal, and specialty lines through a broad international network — the closest direct P&C peer to AIG's refocused portfolio and a frequent benchmark for combined ratio and specialty pricing.
• Zurich Insurance Group: Swiss-headquartered global P&C insurer with comparable commercial, specialty, and personal lines franchises across EMEA, Americas, and Asia-Pacific — a natural international benchmark for AIG's global specialty operations.
• The Travelers Companies: Major U.S. property and casualty insurer with strong commercial, personal, and specialty capabilities. Comparable in product breadth, distribution through brokers/agents, and underwriting discipline against AIG's General Insurance segment.
• Arch Capital Group: Specialty P&C and reinsurance underwriter with strong combined ratio performance — directly comparable to AIG's Global Specialty segment and the type of pure-play specialty competitor AIG is repositioning toward.
• The Hartford Financial Services Group: P&C and group benefits insurer with a strong commercial lines franchise in the U.S. Comparable to AIG's commercial and specialty operations, particularly in middle-market and large commercial segments.

Regional players

• QBE Insurance Group: Australia-headquartered global P&C insurer with commercial and specialty capabilities — particularly relevant for comparing AIG's Asia-Pacific and EMEA specialty operations.

Broad incumbents

• Allianz SE: Global insurance and asset management giant with material P&C, life, and asset management operations. Overlaps with AIG in commercial and specialty P&C globally, but with a much broader portfolio than AIG's post-Corebridge focus.

Emerging players

• Markel Group: Specialty insurer combined with significant operating company investments (Markel Ventures). Comparable to AIG's specialty underwriting business and the kind of specialty-focused capital allocator AIG is emulating through its Convex/Onex/CVC deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/AIG
• Facebookfacebook.com/AIGInsurance
• LinkedInlinkedin.com/company/aig
• Instagraminstagram.com/aiginsurance
• Xx.com/aiginsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American International Group