American International Group Inc

NYSE AIG

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American International Group Inc Payables Turnover 3 year CAGR for the year ending December 31, 2022: 37.68%

American International Group Inc Payables Turnover 3 year CAGR is 37.68% for the year ending December 31, 2022, a 955,639.89% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • American International Group Inc Payables Turnover for the year ending December 31, 2022 was 0.30, a 172.08% change year over year.
  • American International Group Inc Payables Turnover for the year ending December 31, 2021 was 0.11, a 2.96% change year over year.
  • American International Group Inc Payables Turnover for the year ending December 31, 2020 was 0.11, a -6.83% change year over year.
  • American International Group Inc Payables Turnover for the year ending December 31, 2019 was 0.12, a 4.26% change year over year.
NYSE: AIG

American International Group Inc

CEO Mr. Peter Salvatore Zaffino
IPO Date Sept. 7, 1984
Location United States
Headquarters 1271 Avenue of the Americas, New York, NY, United States, 10020
Employees 25,000
Sector Financial Services
Industry Insurance - diversified
Description

American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance. This segment offers marine, energy-related property insurance, aviation, political risk, trade credit, trade finance, and portfolio solutions, as well as operates reinsurance business; voluntary and sponsor-paid personal accident, and supplemental health products; and personal auto and personal property insurance. Its Life and Retirement segment offers individual retirement products, including variable, fixed index, and fixed annuities, as well as retail mutual funds; group retirement products comprising record-keeping, plan administrative and compliance services, financial planning, and advisory solutions; life insurance, including term and universal life insurance; and institutional markets products, which includes wrap products, structured settlement, pension risk transfer annuities, corporate and bank-owned life insurance, high net worth, and guaranteed investment contract products. It distributes its products through a network of brokers, agents, advisors, banks, and other distributors. The company was founded in 1919 and is headquartered in New York, New York.

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StockViz Staff

September 19, 2024

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