What is American International Group?
{{Infobox Company |company_name = American International Group, Inc. |company_logo = AIG wordmark.svg |company_type = [[Public company|Public]] ({{nyse|AIG}})<br>(80% owned by [[Federal Reserve System|U.S. Government]]) |foundation = Flag of China (1912–1928).svg |founder = [[Cornelius Vander Starr]] |location = {{flagicon|USA}} [[70 Pine Street]],<br>[[New York City, New York]] |key_people = [[Robert B. Willumstad]]<br><small>(Outgoing [[CEO]])</small><br>[[Edward M. Liddy]]<br><small>(Incoming [[CEO]])</small> |area_served = Worldwide |num_employees = 116,000 (''2008'') |industry = [[Insurance]] [[Financial Services]] |products = [[Insurance]] [[Annuity (US financial products)|Annuities]] [[mutual fund]]s [[Financial Products]] |revenue = {{loss}} [[United States Dollar|US$]] 110.064 Billion (''2007'') |operating_income = {{loss}} [[United States Dollar|US$]] 8.943 Billion (''2007'') |net_income = {{loss}} [[United States Dollar|US$]] 5.36 Billion (''2nd Quarter 2008'') |assets = [[United States Dollar|US$]] 1.050 Trillion ('' 2nd Quarter 2008'') |equity = {{decrease}} [[United States Dollar|US$]] 78.09 Billion (''2nd Quarter 2008'') |homepage = {{url|http://www.aig.com}} }} '''American International Group, Inc.''' (AIG) ({{nyse|AIG}}, {{Tyo|8685}}, {{Ise|AIN}}) is a major American [[insurance]] corporation based in [[New York City]]. The company's [[United Kingdom|UK]] headquarters are in [[London, England|London]], its Continental Europe operations are based in [[Paris, France|Paris]] and its Asian HQ is in [[Hong Kong]]. According to the 2008 [[Forbes]] [[Forbes Global 2000|Global 2000]] list, AIG was the 18th-largest company in the world. It became part of the [[Dow Jones Industrial Average]] on April 8, 2004. On September 16, 2008, the U.S. [[Federal Reserve Bank]] announced its plan to lend the insurer $85 billion, U.S. dollars, in exchange for a 79.9% equity stake in the company.<ref>[https://www.nytimes.com/2008/09/17/business/17insure.html Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake]</