Company profile
SEC EDGAR ↗- Industry
- Fire, Marine & Casualty Insurance
- Listed
- NYSE: AIG
- Incorporated
- DE
- Headquarters
- New York, NY
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $26.8B
- Net income
- $3.10B
- Total assets
- $161.3B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $26.8B | $3.10B | $161.3B |
| FY2024 | $27.3B | −$1.40B | $161.3B |
| FY2023 | $27.9B | $3.64B | $539.3B |
| FY2022 | $30.0B | $10.2B | $522.2B |
| FY2021 | $52.2B | $10.4B | $596.1B |
| FY2020 | $43.7B | −$5.94B | $586.5B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
The analyses
The Crisis Response · Decision Forks
AIG's Quieter Second Fire: Securities Lending Helped Push Losses to About $50 Billion
The story is that credit default swaps sank AIG. But a second, quieter book—securities lending—was losing money on a similar scale, and together they hit ~$50 billion by September 16, 2008. The rescue worked. The way it worked is still contested.
8 min
The Fall · Decision Forks
A Credit Downgrade, Then $32 Billion in Collateral Calls: The Mechanism That Killed AIG
The story is that AIG lost half a trillion on subprime CDS. The real number is $33.2 billion of paper losses on a $72 billion book — and the killer wasn't a single bond defaulting. It was a credit downgrade that pushed total collateral calls to $32 billion on September 15, 2008.
8 min
The Fall · Decision Forks
AIG Blamed a London Unit. The London Unit Was in Connecticut.
The story is that a rogue London desk blindsided an innocent insurance giant. But AIGFP was headquartered in Wilton, Connecticut, the riskiest loss came from a business AIGFP never touched, and the parent's own AAA rating was the trigger that pulled the whole thing down.
8 min
The Turnaround · Decision Forks
AIG Paid Taxpayers Back $22.7 Billion. The Number Is True. It's Also Incomplete.
Treasury says it made $22.7 billion bailing out AIG. The figure is real — and it quietly omits a $17.7 billion tax break and the fact that TARP's own AIG investment lost roughly $12.5 billion. The profit was real. So was the part nobody put in the press release.
8 min