16. American International Group
The good news: AIG chief Robert Benmosche is making good on his promise to repay $180 billion in government bailout money. The company sold two insurance operations earlier this year for $50 billion, most of which will go to repaying its debt to the government. The bad news: AIG lost $11 billion last year. Then there's the company's ugly balance sheet -- $140 billion in debt, $150 billion worth of credit default swaps -- its numerous legal entanglements, government investigations, and inability to hold onto key executives. It all makes AIG stock, which has gyrated wildly in the past year, better to ogle that own. --P.N. |
| Key financials |
$ millions |
% change
from 2008 |
| Revenues |
103,189.0 |
829.3 |
| Profits |
-10,949.0 |
N.A. |
| Assets |
847,585.0 |
— |
| Stockholders' equity |
69,824.0 |
— |
| Market value (3/26/2010) |
4,615.8 |
— |
| Profits as % of |
|
| Revenues |
-10.6 |
| Assets |
-1.3 |
| Stockholders' equity |
-15.7 |
| Earnings per share |
|
| 2009 $ |
-90.48 |
| % change from 2008 |
N.A. |
| 1999-2009 annual growth rate % |
N.A. |
| Total return to investors |
% |
| 2009 |
-4.5 |
| 1999-2009 annual rate |
-31.4 |
| 4 | Liberty Mutual Insurance Group | 71 | 31,094.0 | | 5 | Hartford Financial Services | 97 | 24,701.0 | | 6 | Travelers Cos. | 98 | 24,680.0 | | 7 | Nationwide | 118 | 20,751.0 | | 8 | United Services Automobile Association | 132 | 17,557.6 | | 9 | Progressive | 161 | 14,563.6 | | 10 | Loews | 165 | 14,123.0 | | 11 | Chubb | 176 | 13,016.0 | | 12 | Assurant | 268 | 8,700.5 | | 13 | American Family Insurance Group | 344 | 6,453.4 | | 14 | First American Corp. | 361 | 5,972.8 | | 15 | Fidelity National Financial | 366 | 5,857.7 | | 16 | W.R. Berkley | 463 | 4,431.2 | | 17 | American Financial Group | 478 | 4,320.6 | | 18 | Erie Insurance Group | 484 | 4,255.4 |
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Interactives
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See how revenues and profits at America's 25 largest companies have risen and fallen over the past decade.
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From a single store in 1962 to more than 4,300 outlets today, see how the biggest retailer has expanded.
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