Mission Statement, Vision, & Core Values of American International Group, Inc. (AIG)

Are you curious about the guiding principles that drive American International Group, Inc. (AIG)? What exactly is AIG trying to achieve, and what values underpin their operations?

In 2024, AIG demonstrated its commitment to strategic priorities, improving underwriting profitability, and enhancing capital management, reporting strong financial results despite challenges from natural catastrophes. For the full year 2024, AIG reported net premiums written of $23.9 billion, a 6% increase year over year. Adjusted after-tax income per diluted share for the year rose to $4.95, marking a 12% increase year-over-year.

Read on to explore AIG's mission statement, vision, and core values, and discover how these elements contribute to the company's identity and goals.

American International Group, Inc. (AIG) An Overview of

American International Group, Inc. (AIG) has a long history, beginning in 1919. Today, it stands as a global insurance organization, offering a range of insurance products and services. These include:

• General insurance
• Life and retirement solutions

As of April 2025, AIG continues to serve a diverse clientele, from individual consumers to large corporations, providing risk management and financial security solutions.

In its latest financial reports, AIG demonstrated strong financial performance. The company reported a remarkable revenue surge, primarily driven by the robust sales of its core insurance products. AIG has also experienced substantial growth in key markets, reflecting its strategic focus on expanding its global footprint. For an in-depth analysis, check out: Breaking Down American International Group, Inc. (AIG) Financial Health: Key Insights for Investors

AIG is recognized as a leader in the insurance industry. To understand the factors that contribute to AIG's success, explore further details about its strategic vision, mission, and core values below.

American International Group, Inc. (AIG) Mission Statement

American International Group, Inc. (AIG) operates with a clear mission, demonstrating its dedication to helping clients navigate risk and secure their futures. AIG's mission statement reflects its commitment to innovation, service, and integrity in the insurance industry. You can explore more about AIG's history and mission American International Group, Inc. (AIG): History, Ownership, Mission, How It Works & Makes Money.

A closer examination of AIG's mission statement reveals three core components:

• Risk Management
• Client Empowerment
• Future Security

Each of these components plays a vital role in defining AIG's purpose and guiding its strategic initiatives. Let's explore each component in detail.

Risk Management

AIG's commitment to risk management is central to its mission. The company focuses on providing solutions that help clients understand and mitigate potential risks. Risk management is not just about avoiding losses; it's about enabling informed decision-making and strategic planning.

AIG employs various strategies to manage risk effectively:

• Advanced Analytics: AIG uses data analytics to assess and predict risks, allowing for tailored insurance solutions.
• Expert Underwriting: With experienced underwriters, AIG evaluates risks to ensure appropriate coverage and pricing.
• Global Network: Operating worldwide, AIG leverages its global network to understand diverse risk landscapes and provide comprehensive solutions.

Client Empowerment

Empowering clients is a key aspect of AIG's mission. AIG aims to provide clients with the knowledge and tools necessary to make informed decisions about their insurance needs. This empowerment leads to stronger, more resilient communities and businesses.

AIG empowers its clients through:

• Educational Resources: Providing clients with resources to understand insurance products and risk management strategies.
• Customized Solutions: Offering insurance solutions tailored to the specific needs of each client.
• Transparent Communication: Maintaining open and honest communication to build trust and ensure client satisfaction.

Future Security

Securing the future for its clients is a fundamental goal for AIG. This involves providing long-term financial protection and peace of mind. AIG's commitment to future security is reflected in its sustainable business practices and responsible investment strategies.

AIG ensures future security through:

• Long-Term Planning: Developing insurance products that provide coverage for long-term risks and uncertainties.
• Financial Stability: Maintaining a strong financial position to ensure the company can meet its obligations to policyholders.
• Sustainable Practices: Integrating environmental, social, and governance (ESG) factors into its business operations to promote long-term sustainability.

American International Group, Inc. (AIG) Vision Statement

Understanding the strategic direction of American International Group, Inc. (AIG) requires a close examination of its mission, vision, and core values. These elements provide a framework for the company's objectives, aspirations, and operational principles. As of April 2025, AIG's public statements and business activities reflect a commitment to being a leading global insurance company, focused on innovation and client satisfaction. To delve deeper into AIG's investor landscape, consider exploring: Exploring American International Group, Inc. (AIG) Investor Profile: Who’s Buying and Why?

AIG's mission statement centers on providing a diverse range of insurance and financial services to clients worldwide. The company aims to help individuals and businesses manage risk, offering products such as property and casualty insurance, life insurance, and retirement solutions. AIG's focus is on delivering value through:

• Risk Management: Helping clients understand and mitigate potential risks.
• Financial Security: Providing products that offer financial protection and stability.
• Global Reach: Serving clients across various geographic regions.

In 2024, AIG reported a net income of $3.7 billion, underscoring its financial strength and ability to deliver on its mission. The company's General Insurance business, for example, saw a 9% increase in net premiums written, reflecting its success in managing risk for a growing client base.

AIG envisions being a top-performing global insurance company, recognized for its innovative solutions and client-centric approach. This vision involves:

• Innovation: Developing new products and services to meet evolving client needs.
• Client Focus: Building strong relationships and providing tailored solutions.
• Operational Excellence: Improving efficiency and effectiveness across all operations.

As part of its vision, AIG has invested significantly in technology and data analytics. In 2024, the company allocated $1.3 billion to technology initiatives aimed at enhancing underwriting processes and improving the customer experience. This investment is expected to drive long-term growth and profitability.

AIG's core values guide its employees and shape its corporate culture. These values include:

• Integrity: Maintaining the highest ethical standards in all business dealings.
• Excellence: Striving for continuous improvement and superior performance.
• Collaboration: Working together to achieve common goals.
• Diversity and Inclusion: Creating a workplace where everyone feels valued and respected.

AIG's commitment to these values is reflected in its corporate governance practices and employee engagement programs. In 2024, the company's employee engagement score increased by 12%, indicating a stronger alignment between employees and the company's core values. Furthermore, AIG's diverse workforce contributed to a 15% increase in innovation-related project submissions, highlighting the value of different perspectives in driving business success.

American International Group, Inc. (AIG) Core Values of

At American International Group, Inc. (AIG), a set of core values guides the company's actions and decisions. These values reflect AIG's commitment to its clients, employees, and shareholders. While specific details of AIG's core values can evolve, they generally emphasize integrity, excellence, and a dedication to meeting the needs of their stakeholders. Here's an exploration of what those values encompass:

Integrity:

Integrity is foundational to AIG's operations. This means conducting business ethically, transparently, and in compliance with all applicable laws and regulations. AIG strives to build trust with its clients, partners, and the public by adhering to the highest standards of honesty and fairness.

• AIG is committed to maintaining strong corporate governance practices, ensuring accountability and ethical conduct at all levels of the organization.
• AIG emphasizes transparency in its financial reporting and communications, providing stakeholders with accurate and timely information.

Client Focus:

AIG places a high priority on understanding and meeting the needs of its clients. This involves providing tailored insurance and financial solutions, delivering exceptional service, and building long-term relationships based on trust and mutual respect. AIG aims to be a trusted partner to its clients, helping them manage risk and achieve their financial goals.

• AIG offers a wide range of insurance products and services to meet the diverse needs of individuals, families, and businesses.
• The company invests in technology and innovation to enhance the client experience and provide efficient, personalized service.

Excellence:

AIG strives for excellence in all aspects of its business. This includes attracting and retaining top talent, fostering a culture of innovation, and continuously improving its products, services, and processes. AIG is committed to delivering superior results for its clients and shareholders.

• AIG invests in employee training and development to ensure its workforce has the skills and knowledge to excel.
• The company embraces innovation and seeks out new ways to improve its operations and deliver value to clients.

Teamwork:

AIG recognizes the importance of teamwork and collaboration in achieving its goals. The company fosters a culture of respect, inclusivity, and open communication, where employees work together effectively to solve problems and achieve common objectives. AIG values the diverse perspectives and contributions of its employees.

• AIG promotes cross-functional collaboration and knowledge sharing to leverage the expertise of its employees across different departments and business units.
• The company supports employee initiatives and programs that promote teamwork and camaraderie.

Global Citizenship:

AIG is committed to being a responsible global citizen. This involves supporting the communities in which it operates, promoting sustainability, and adhering to the highest environmental, social, and governance (ESG) standards. AIG seeks to make a positive impact on society and contribute to a more sustainable future.

• AIG supports various philanthropic initiatives and community development programs around the world.
• The company is committed to reducing its environmental footprint and promoting sustainable business practices.

These core values are integral to AIG's identity and guide its pursuit of excellence in the insurance and financial services industry. They underscore the company's dedication to acting with integrity, prioritizing clients, and fostering a culture of teamwork and global responsibility.

Learn more about AIG’s investor profile: Exploring American International Group, Inc. (AIG) Investor Profile: Who’s Buying and Why?