AIG - M&A Summary and Business Overview

InsuranceCompany

AIG M&A Summary

AIG has acquired 16 companies. A total of 1 acquisition came from private equity firms. It has also divested 20 assets.

AIG’s largest acquisition to date was in 2018, when it acquired Validus Holdings for $5.6B. It’s largest disclosed sale occurred in 2010, when it sold American Life Insurance to MetLife for $16.2B. AIG has acquired in 5 different US states, and 9 countries. The Company’s most targeted sectors include insurance (94%) and business services (7%).

AIG Business Overview

Where is AIG headquartered?

AIG is headquartered in New York, New York.

What is AIG’s revenue?

AIG disclosed revenue of 56,539M USD for 2022 and 51,885M USD for 2021.

How many employees does AIG have?

AIG has 26,200 employees.

What sector is AIG in?

AIG is an insurance company.

When was AIG founded?

AIG was founded in 1919.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity16
    • M&A Sell Activity20
  • Total Sectors Invested 2
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 20
  • M&A Advisors 10

AIG

American International Group, Inc.

1271 Avenue of the Americas,
New York, New York 10020
United States,
(212) 770-7000
www.aig.com

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 16 - - - - - 16
vol $7.9B $7.9B
Sell (0.6/yr) # 17 - - - 3 - 20
vol $21.4B $4.0B $25.4B
  36

Most Recent M&A

Company Date Value Type
Laya Healthcare Ltd. 2023-08-03 732M EUR Divestiture
Little Island, Ireland · www.layahealthcare.ie
Validus Holdings Ltd. 2023-05-22 3.0B USD Divestiture
Pembroke, Bermuda · www.validusre.bm
Crop Risk Services 2023-05-01 240M USD Divestiture
Decatur, Illinois · www.cropriskservices.com
Glatfelter Insurance Group 2018-09-21 - Add-on Acquisition
York, Pennsylvania · www.glatfelters.com
Fortitude Reinsurance Co. Ltd. 2018-08-01 1.8B USD Divestiture
Pembroke, Bermuda · www.fortitude-re.com
NSM Insurance Group 2018-04-02 388M USD Divestiture
Conshohocken, Pennsylvania · www.nsminc.com
Validus Holdings Ltd. 2018-01-22 5.6B USD Add-on Acquisition
Pembroke, Bermuda · www.validusre.bm
Mt. Mansfield Co., Inc. (Stowe Mountain Resort) 2017-02-21 50M USD Divestiture
Stowe, Vermont · www.stowe.com
AIG Fuji Life Insurance Co. Ltd. (AFLI) 2016-11-15 - Divestiture
Tokyo, Japan · www.aig-fuji-life.co.jp
Ascot Underwriting Ltd. 2016-09-16 1.1B USD Divestiture
London, United Kingdom · www.ascotuw.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Glatfelter Insurance Group 2018-09-21 Volunteer Firemen's Insurance Service, Inc. 2022-05-31 1
York, Pennsylvania · www.glatfelters.com York, Pennsylvania · www.vfis.com
AIG American General Finance, Inc.    - Equity One - Popular 2008-01-23 2
Evansville, Indiana , United States
Risk Specialists Companies, Inc.    - SRO Napa 2007-04-03 1
Boston, Massachusetts Napa,, California
AIG American General Finance, Inc.    - Matrix Direct, Inc. 2007-02-28 1
Evansville, Indiana San Diego, California · www.matrixdirect.com
AIG American General Finance, Inc.    - Ocean Finance and Mortgages Ltd. 2007-01-02 1
Evansville, Indiana Tamworth,, United Kingdom · www.oceanfinance.co.uk

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 15 (94%) 7.9B (100%) 16 (80%) 25.3B (100%)
Financial Services - - 3 (15%) -
Business Services 1 (6%) - - -
Leisure - - 1 (5%) 50M (< 1%)
Total 16 $7.9B 20 $25.4B

By Geo

State/Country Buy Value Sell Value
United States 6 2.0B 11 18.8B
  Pennsylvania 2 - 1 388M
  Delaware 1 813M 2 18.1B
  Connecticut 1 1.2B 1 -
  Illinois - - 2 240M
  Wisconsin 1 - - -
  New York 1 - - -
  Arizona - - 1 -
  Vermont - - 1 50M
  Tennessee - - 1 -
  North Carolina - - 1 -
  Nebraska - - 1 -
Bermuda 2 5.6B 2 4.8B
Japan 1 - 2 -
United Kingdom 2 279M 1 1.1B
Ireland 1 - 1 732M
Thailand - - 2 -
Belgium 1 - - -
China - - 1 -
El Salvador 1 - - -
Germany 1 - - -
Taiwan 1 - - -
Domestic 6 (38%) 2.0B (26%) 11 (55%) 18.8B (74%)
Cross-border 10 (63%) 5.8B (74%) 9 (45%) 6.6B (26%)
Total 16 $7.9B 20 $25.4B

Top M&A Advisors

Financial Deals
Evercore Group
 3
BofA Securities
 2
Citigroup Investment Banking
 1
Legal Deals
Sidley
 3
Skadden, Arps, Slate, Meagher & Flom
 1
Willkie Farr & Gallagher
 1

Deal Values

buy # Total
> $1B 2 $6.8B
$100M to $1B 2 $1.1B
TOTAL $7.9B
Largest Validus Holdings Ltd.
$5.6B (2018-01-22)
sell # Total
> $1B 5 $24.0B
$100M to $1B 3 $1.4B
< $100M 1 $50M
TOTAL $25.4B
Largest American Life Insurance Co. (ALICO)
$16.2B (2010-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Strategic(s)
25%
4 (25%)
Divested to
Investor(s)
15%
3 (15%)
Strategic(s)
85%
17 (85%)

Company Summary

SECTOR

Insurance

Revenue

56,539   9% 2022
51,885   19% 2021
43,839   12% 2020
49,792   5% 2019
47,481   5% 2018
49,570   6% 2017
52,357   11% 2016
58,385   10% 2015
64,407   7% 2014
68,874   4% 2013
71,214   2012
(millions of USD) Show More Show Less

Employees

26,200

Established

1919

Public

NYSE: AIG

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