American International Group

Halal Rating :
Uncomfortable
Last Price $74.7
Market Cap $46.59b
1D Change

0.71 %

1 Year Change

0.4 %

Next Earnings Date

Yet to be announced

Company Overview

American International Group, Inc. (AIG) is a global insurance company providing property and casualty insurance, life insurance, retirement products, and other financial services to commercial, institutional, and individual customers. The company operates through General Insurance and Life & Retirement segments.

Revenue Sources

Pass

AIG's primary revenue comes from insurance and related financial services operations. While some of their investment activities may involve speculative elements, they represent legitimate financial services with real value exchange rather than gambling. The company's core business model is based on risk management and protection products which are generally considered halal compliant.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $6.75b $6.09b - $112.0m 0.00% 1.84%
June 30, 2024 $6.56b $6.04b - $126.0m 0.00% 2.08%
March 31, 2024 $12.58b $10.53b - $1.46b 0.00% 13.90%
Dec. 31, 2023 $15.61b $16.31b - $-680,000,000.0 0.00% 4.16%

Based on the financial data from the last four quarters, AIG's interest expenses represent a material portion of their operations. The company both pays and collects interest as a fundamental part of their business model through their insurance and investment activities. The ratios consistently show that interest plays a significant role in their operations, which makes the company's business model incompatible with Islamic finance principles.

Operational Ethics

Pass

Based on available information, AIG maintains standard business operations globally but does not appear to have significant direct associations with entities involved in human rights violations that would trigger concerns under this criterion.

Rating Justification

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