17. American International Group
Sure, AIG turned in the worst underwriting results among the nation's big insurers -- paying out nearly 30% more on claims and expenses than it received in premiums. Still, AIG swung to a tidy profit last year after a disastrous 2009. For that bit of financial wizardry, credit outspoken CEO Robert Benmosche, who's defying all odds turning around the beleaguered insurance giant. The company has repaid billions to the government -- including its entire obligation to the Fed -- and regained access to credit and debt markets. A recent move: unloading two insurance units for $37 billion. --P.N. |
| Key financials |
$ millions |
% change
from 2009 |
| Revenues |
104,417.0 |
1.2 |
| Profits |
7,786.0 |
N.A. |
| Assets |
683,443.0 |
— |
| Stockholders' equity |
85,319.0 |
— |
| Market value (3/25/2011) |
65,589.8 |
— |
| Profits as % of |
|
| Revenues |
7.5 |
| Assets |
1.1 |
| Stockholders' equity |
9.1 |
| Earnings per share |
|
| 2010 $ |
11.60 |
| % change from 2009 |
N.A. |
| 2000-2010 annual growth rate % |
-13.0 |
| Total return to investors |
% |
| 2010 |
92.2 |
| 2000-2010 annual rate |
-29.0 |
| 4 | Allstate | 89 | 31,400.0 | | 5 | Travelers Cos. | 106 | 25,112.0 | | 6 | Hartford Financial Services | 117 | 22,383.0 | | 7 | Nationwide | 127 | 20,265.0 | | 8 | United Services Automobile Assn. | 145 | 17,946.1 | | 9 | Progressive | 164 | 14,963.3 | | 10 | Loews | 168 | 14,621.0 | | 11 | Chubb | 185 | 13,319.0 | | 12 | Assurant | 285 | 8,527.7 | | 13 | American Family Insurance Group | 358 | 6,491.8 | | 14 | Fidelity National Financial | 398 | 5,740.3 | | 15 | Erie Insurance Group | 461 | 4,890.0 | | 16 | W.R. Berkley | 475 | 4,724.1 | | 17 | American Financial Group | 489 | 4,497.0 |
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