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New York-based American International Group, Inc. (AIG) offers insurance products for commercial, institutional, and individual customers. Valued at a market cap of $44.7 billion, the company’s offerings include commercial and industrial property insurance, such as business interruption and package insurance, as well as general liability, environmental coverage, commercial auto liability, workers' compensation, excess casualty, and crisis management insurance, among others.
This insurance company has lagged behind the broader market over the past 52 weeks. AIG has declined 1.8% over this time frame, while the broader S&P 500 Index ($SPX) has surged 16.6%. Moreover, on a YTD basis, the stock is up 6.6%, compared to SPX’s 7.8% return.