Subscribe

60 - AIG

People exit the AIG building in New York's financial district March 19, 2015. American International Group Inc shareholders will seek final approval of $970.5 million in settlements resolving claims the company misled investors ahead of the 2008 financial crisis. AIG has agreed to pay $960 million, while its auditors at Price Waterhouse Coopers have agreed to pay $10.5 million. REUTERS/Brendan McDermid TPX IMAGES OF THE DAY - GF10000031798 - Brendan McDermid — Reuters
People exit the AIG building in New York's financial district March 19, 2015. American International Group Inc shareholders will seek final approval of $970.5 million in settlements resolving claims the company misled investors ahead of the 2008 financial crisis. AIG has agreed to pay $960 million, while its auditors at Price Waterhouse Coopers have agreed to pay $10.5 million. REUTERS/Brendan McDermid TPX IMAGES OF THE DAY - GF10000031798 Brendan McDermid — Reuters

It’s been a tumultuous stretch for AIG, which replaced CEO Peter Hancock in 2017, less than three years after he started. The insurance company, which nearly collapsed during the financial crisis, has been struggling to improve its results for years under pressure from activist investor Carl Icahn, who ultimately sold his stake this spring. AIG’s new CEO, former employee Brian Duperreault, still has work to do to accomplish a turnaround. While the more than $6 billion loss the insurer booked last year was largely due to a charge from the new tax law, the triple whammy of hurricanes, California wildfires and the Mexican earthquake didn’t help either.

More from FORTUNE

Key Metrics & Financials (Last Fiscal Year)

Previous Rank55
Revenues ($M)$49520
Revenue Percent Change-5.4%
Profits ($M)$-6084.0
Profits Percent Change%
Assets ($M)$498301
Market Value — as of March 29, 2018 ($M)$49145
Employees49800

Company Facts

Employees49800
SectorFinancials
IndustryInsurance: Property and Casualty (Stock)
HQ LocationNew York City
CEOBrian Duperreault
CEO Title-
Websitewww.aig.com
Years on Fortune 500 List24

See Full List

Outbrain

More from FORTUNE