Our Business

The world around us is fast challenging our perspectives on risk. Moments of vulnerability feel more frequent, more substantial and more daunting than ever. The evolving future requires rethinking the ways we approach change. In a re-envisioned world, insurance is more than a way for clients to handle what can go wrong; it is a catalyst for all that can go right. That is why AIG’s Purpose Statement is Discovering New Potential By Reimagining What AIG Can Do For You.

General Insurance

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property-casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Clients value our strong capital position and extensive risk management and claims experience, which position us as a market leader in critical lines of the insurance business.

Many of our General Insurance clients face risks directly tied to ESG issues, such as climate risk and natural disasters. General Insurance draws upon technical underwriting expertise and risk analysis to provide a range of forward-thinking, ESG-related risk solutions for our clients.

General Insurance product categories include Liability, Financial Lines, Property, Global Specialty, Crop Risk Services, Personal Lines and Accident & Health.

Life & Retirement

Life & Retirement is a unique franchise that brings together a broad portfolio of life insurance, retirement and institutional products offered through an extensive, multichannel distribution network. It holds long-standing, market-leading positions in many of the markets it serves in the U.S. With its strong capital position, customer-focused service, breadth of product expertise and deep distribution relationships across multiple channels, Life & Retirement is well positioned to serve growing market needs. 

Life & Retirement product categories include Individual Retirement, Group Retirement, Life Insurance and Institutional Markets.

On October 26, 2020, AIG announced its intention to separate its Life & Retirement business from AIG. On November 2, 2021, AIG and Blackstone Inc. (Blackstone) completed the acquisition by Blackstone of a 9.9 percent equity stake in Corebridge Financial, Inc. (Corebridge), formerly known as SAFG Retirement Services, Inc., which is the holding company for AIG’s Life and Retirement business. As part of the separation, most of AIG’s investment operations were transferred to Corebridge or its subsidiaries as of December 31, 2021.  While AIG currently believes an initial public offering is the next step in the separation of the Life & Retirement business from AIG, no assurance can be given regarding the form that future separation transactions may take or the specific terms or timing thereof, or that a separation will in fact occur. Any separation transaction will be subject to the satisfaction of various conditions and approvals, including approval by the AIG Board of Directors, receipt of regulatory approvals.

Our future ESG reporting will reflect the structural changes described above.