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New York-based American International Group, Inc. (AIG) offers insurance products for commercial, institutional, and individual customers in North America and internationally. With a market cap of $49 billion, AIG operates through General Insurance, Life and Retirement, and Other Operations segments.
Companies worth $10 billion or more are commonly referred to as “large-cap stocks,” and AIG fits the bill perfectly. Given the company’s long-standing history, large customer base and extensive operations, its valuation above this mark is unsurprising.