American International Group facts for kids
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| Public (NYSE: AIG) (80% owned by U.S. Government) |
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| Industry | Insurance Financial Services |
| Founded | Flag of China (1912–1928).svg |
| Founder | Cornelius Vander Starr |
| Headquarters |  70 Pine Street,New York City, New York |
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Area served
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Worldwide |
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Key people
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Robert B. Willumstad (Outgoing CEO) Edward M. Liddy (Incoming CEO) |
| Products | Insurance Annuities mutual funds Financial Products |
| Revenue |  US$ 110.064 Billion (2007) |
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Operating income
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US$ 8.943 Billion (2007) |
| US$ 5.36 Billion (2nd Quarter 2008) |
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| Total assets | US$ 1.050 Trillion ( 2nd Quarter 2008) |
| Total equity | US$ 78.09 Billion (2nd Quarter 2008) |
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Number of employees
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116,000 (2008) |
American International Group, Inc. (AIG) (NYSE: AIG, TYO: 8685, ISEQ: AIN) is a major American insurance corporation based in New York City. The company's UK headquarters are in London, its Continental Europe operations are based in Paris and its Asian HQ is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was the 18th-largest company in the world. It became part of the Dow Jones Industrial Average on April 8, 2004.
On September 16 2008, the U.S. Federal Reserve Bank announced its plan to lend the insurer $85 billion, U.S. dollars, in exchange for a 79.9% equity stake in the company.
AIG announced on the same day that its board accepted the terms of the Federal Reserve Bank's loan offer.
Images for kids
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North China Daily News Building on the Bund, Shanghai (elevation): the original home of what became AIG; now the AIA building.
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AIG Headquarters in New York
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The AIG Towers of Woodland Hills, Los Angeles.
