Based in New York, American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions. Valued at $51.49 billion by market cap, the company provides a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services globally. These offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide for retirement security.
Shares of this insurance major have outperformed the broader market considerably over the past year. AIG has gained 39.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.1%. In 2024 alone, AIG stock is up 14.5%, surpassing SPX’s 10.4% rise on a YTD basis.
