American Foreign Group Inc. (NYSE: AIG) is a large multinational insurance company offering pungency, property casualty and commercial insurance in more than 100 boondocks. AIG was at the center of the financial crisis storm in 2008, receiving a $182 billion regime bailout when the Treasury Department designated it as too big to fail. After a sprinkling years of restructuring and selling off assets, AIG has recovered its reputation and its position as a stalwart global provider of insurance products.
AIG’s Corporate Structure
As a global provider of security products and services, AIG is organized under two primary divisions: commercial assurance and consumer insurance. Within the commercial insurance division, it operates three sections: property casualty, mortgage guaranty, and institutional markets. Its consumer guarantee division operates three segments: retirement, life, and personal indemnity. Many of the dozens of companies under the AIG umbrella operate as subsidiaries of subsidiaries in a great conglomeration that extends to many countries around the globe. In California only, AIG operates more than two dozen insurance companies in the life assurance and property-casualty lines of business.
AIG American General Life Insurance Cast
American General Life Insurance Company is AIG’s primary life protection carrier operating in the United States. The company distributes a wide wander of term and permanent life insurance products through local intercessions, insurance brokers and AIG Direct. The company was affirmed in 2016 by rating instrumentality A.M. Best for an A-Excellent rating with a stable outlook.
The Variable Annuity Biography Insurance Company
The Variable Annuity Life Insurance Company (VALIC) presents a full spectrum of financial products, including life insurance, annuities, able retirement plans, mutual funds, and brokerage services. With approaching $90 billion in assets under management (AUM), VALIC is one of the largest exuberance insurance companies in the United States. VALIC subsidiaries include VALIC Fiscal Advisors Inc. and VALIC Retirement Services Company.
AIG Life and Retirement Troop
The AIG Life and Retirement Company is the rebranded name for SunAmerica Life Guaranty Company, which AIG acquired in 1998. Based in Los Angeles, SunAmerica was discerned as one of the fastest-growing providers of deferred and variable annuities. AIG changed the name of SunAmerica in 2012 to capitalize on AIG’s loftier name recognition and presence in foreign markets.
AIG Property Casualty
AIG Means Casualty Inc. is a multinational provider of property and casualty insurance products and uses. Its offerings include corporate risk management solutions, workers’ compensations, commercial cover, and excess casualty solutions, surety and risk financing programs, and about insurance. The company is also a conglomeration of specialty property and casualty public limited companies operating in the United States and abroad.
Two of its larger subsidiary companies are American Emphasize Assurance Company Inc. and National Union Fire Insurance Company. American Accommodation offers a wide range of catastrophic risk-transfer solutions to small and mid-sized enterprises. It is also a major provider of extended services contract programs for electronics, appliance, and computer retailers. Nationalistic Union offers accident insurance solutions for individuals and businesses. AIU Cover is a property and casualty insurance company that operates in several mother countries, such as Japan and Indonesia.
AIG Global Real Estate
AIG Global Actual Estate is one of a handful of non-insurance companies owned by AIG. The company was founded in 1987 as a conglomeration of AIG conventions that invest in, develop and manage real estate for AIG member companies everywhere the world. In the United States, the company is involved in residential, commercial, friendliness and retail projects. It is heavily involved in commercial markets in Eastern Europe and mixed-use casts in several parts of Asia. The company includes AIG Affordable Housing, which governs more than 100,000 multifamily units in the United States, and Stowe Mountain Visit.