American International Group (AIG)

American International Group (AIG)

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American International Group (AIG) Profile

American International Group (AIG.xnys) is a global insurance company headquartered in New York City, United States. AIG companies employ 49.600 people and operate in more than 80 countries, including Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey, with operating assets and employees in Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia. AIG operates through 3 core segments: General Insurance, Life and Retirement, and a standalone technology-enabled subsidiary and is a sponsor of AIG Women's Open (golf) and New Zealand Rugby (AIG All blacks). American International Group stock (AIG) is listed on the New York Stock Exchange (NYSE), had a market capitalisation of $51.37B (USD) as of January 2020 and $43.34B (USD) in 2020 yearly revenue. AIG ended its decade-long sponsorship of the ALL blacks in 2021 and, in late 2021, cut investments in packaged foods and beverage stocks General Mills, Coca-Cola, Campbell, and Spam maker Hormel. According to the California Insurance Commissioner, AIG owns more than two dozen companies licensed to offer insurance in California. AIG announced in early 2022 that it selected Amazon Web Services Inc (AWS) as its preferred public cloud provider. AIG aims to modernise technology infrastructure and services and create a large-scale digital transformation for its 90M policyholders worldwide.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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