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American International Group, commonly referred to as AIG, is an insurance organization with a longstanding history in the financial services industry. AIG sells annuities, life insurance, general property insurance and casualty insurance.

AIG Logo

AIG offers a broad range of insurance products to meet the needs of consumers in more than 80 countries worldwide. The insurer boasts a comprehensive product portfolio with a range of solutions for clients seeking financial security today and peace of mind in retirement.

About AIG

In 1919, AIG originated as the American Asiatic Underwriters Agency in Shanghai. After founder Cornelius Vander Starr extended the organization’s services worldwide and established its U.S. base in New York City, he changed the company’s name to American International Underwriters.

In the decades that followed, AIU acquired several insurance groups and expanded its market presence, officially incorporating as AIG in 1967. In 1984, AIG began trading on the New York Stock Exchange.

Today, AIG serves its clients through three business units:
  • General Insurance
  • Life & Retirement
  • Investments

On its website AIG emphasizes the common thread that connects its business units and their singular mission.

“What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty.”

Each of AIG’s business units achieves this goal through specialized product offerings, including property and casualty insurance, life insurance and annuities.

Credit Ratings

As you compare annuity providers and their products, it is important to note which insurance companies have a reputation for reliability and a track record of financial stability.

Credit rating agencies such as S&P, Moody’s, Fitch and AM Best rank insurers based on their financial strength and claims-paying abilities (CPAs)

Credit Ratings for AIG’s Core Insurance Companies as of March 18,2021
S&PMoody'sFitchA.M Best
AIG Senior DebtBBB+Baa1BBB+NR
AIG Non-Life Financial StengthA+A2AA
AIG Life Financial StrengthA+A2A+A

According to a white paper prepared by Fitch Ratings and published on the NAIC website, “As part of their regulatory oversight, the CRAs must report to regulators on an annual basis the performance of their ratings. Such default and impairment studies are a key way ratings users can judge ratings comparability.”

Annuity Products Offered by AIG

AIG issues a variety of annuities with specific features based on your needs. Current product options include variable annuities, fixed annuities and indexed annuities.

Variable Annuities

AIG offers the Polaris Variable Annuity as an option for retirement income. Variable annuities offer growth potential while protecting income and beneficiary payments. While the rate of return is not guaranteed, earnings can grow tax-deferred over time.

Fixed Annuities

For anyone looking for the security of a guaranteed interest rate and predictable payments, AIG’s American Pathway Solutions MYG is a multi-year guaranteed annuity with four guarantee periods to choose from — five, six, seven or 10 years.

Indexed Annuities

Indexed annuities, sometimes referred to as hybrids because they share the features of fixed and variable annuities, are tied to the performance of the financial markets. The Power Series Index Annuity blends upside market potential with downside protection.

Interested in Buying an Annuity?
Learn about the different types of annuities and find out which one is right for you.

Client Resources

With any annuity provider, you should receive high quality service and support throughout your purchasing journey. AIG has a professional team dedicated to helping clients prepare financially for what’s next.

AIG is also committed to their clients’ safety. The company has published a fraud warning resource on its website with helpful tips for protecting yourself and your accounts from phishing and other scams.

AIG protects your information by implementing several security measures, including:
  • Login security with secure sockets layer (SSL) technology
  • Encryption of sensitive information
  • Online security monitoring
  • Firewalls to block unauthorized access
  • Anti-virus and anti-malware protection

In addition to these protections, AIG points visitors to consumer advocacy organizations, including the Coalition Against Insurance Fraud and the National Consumers League.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: July 1, 2021

5 Cited Research Articles

Annuity.org writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. American International Group, Inc. (n.d.). About Us. Retrieved from https://www.aig.com/about-us
  2. American International Group, Inc. (n.d.). Explore AIG’s Timeline. Retrieved from https://www.aig.com/about-us/history/timeline
  3. American International Group, Inc. (n.d.). Fraud Warning. Retrieved from https://www.aig.com/fraud-warning
  4. FINRA. (2010, September 13). Equity-Indexed Annuities: A Complex Choice. Retrieved from https://www.finra.org/investors/alerts/equity-indexed-annuities-complex-choice
  5. FitchRatings. (2016, July). Not All Insurer Financial Strength Ratings Are Created Equal. Retrieved from https://www.naic.org/documents/cipr_events_impact_rating_fs_handout.pdf