AMERICAN INTERNATIONAL GROUP Business Summary

American International Group, Inc. (AIG) operates as a leading global property and casualty insurance organization, generating revenue primarily through insurance premiums, policy fees, and net investment income from its diversified asset portfolio. Following the strategic deconsolidation of its life and retirement unit, Corebridge Financial, in 2025, AIG has transitioned into a pure-play general insurance provider. The company’s operations are structured into three primary segments: North America Commercial, International Commercial, and Global Personal insurance. AIG leverages a vast global distribution network and high-capacity underwriting to manage complex risks for multinational corporations and high-net-worth individuals. It competes directly with global industry giants such as Chubb Limited, Zurich Insurance Group, and The Travelers Companies. Within this competitive landscape, AIG maintains a dominant position in the commercial and specialty lines markets, characterized by five consecutive years of underwriting profitability leading into 2026. Founded in 1919 by Cornelius Vander Starr in Shanghai, AIG is currently undergoing a planned leadership transition. Peter Zaffino, who served as Chairman and CEO during the company’s multi-year turnaround, is transitioning to the role of Executive Chairman by mid-2026. He is succeeded by Eric Andersen, who joined as President and CEO-elect in February 2026 following a distinguished 30-year career at Aon, where he served as President. The executive team is further anchored by Sabra Purtill as Executive Vice President and Chief Financial Officer, and Jon Hancock as CEO of General Insurance. The company’s Board of Directors is led by Independent Director John G. Rice, former Vice Chairman of GE. As a publicly traded entity on the NYSE, AIG’s institutional ownership is dominated by major asset managers including Vanguard, BlackRock, and State Street, reflecting its status as a cornerstone of the global financial services sector.