AIG vs. North American Company

Updated April 19, 2023

AIG (American International Group) and North American Company are both insurance companies, but they have different histories, areas of focus, and business models.

AIG is a multinational insurance corporation that provides a wide range of insurance products to customers in more than 80 countries. AIG has a long history dating back to 1919, and it has faced significant challenges in recent years, including a government bailout during the 2008 financial crisis. However, AIG has since recovered and is now one of the largest insurance companies in the world, with a focus on property and casualty insurance, life insurance, retirement products, and other financial services.

North American Company, on the other hand, is a smaller insurance company that focuses primarily on life insurance and annuities. The company was founded in 1886 and is based in Chicago, Illinois. North American Company offers a range of life insurance products, including term life insurance, universal life insurance, and indexed universal life insurance. The company also offers fixed annuities and indexed annuities.

In terms of financial strength, both companies have solid ratings from credit agencies. AIG has an A rating from Standard & Poor’s and an A2 rating from Moody’s, while North American Company has an A+ rating from A.M. Best.

Ultimately, the choice between AIG and North American Company will depend on your specific insurance needs and preferences. If you are looking for a wider range of insurance products and a larger, more established company, AIG may be the better choice. However, if you are primarily interested in life insurance and annuities, and prefer to work with a smaller, more specialized company, North American Company may be a better fit.


Comparing ⟶	North American Company	American General (AIG)
Year Founded	1886	1919
Company Structure	Private	Stock
Pricing	$ $ $	$ $ $
Types of Policies:
Term Life	✗	✓
Whole Life	✓	✓
Universal Life	✗	✓
Final Expense	✓	✓
Ratings:
A.M. Best Rating	A+	A
S&P Rating	A+	A+
Moody's Rating	✗	A2
Fitch Rating	A+	A+
Comdex Rating	89	82
BBB Rating	A+	B-
NAIC complaint Index	0.16	0.51
IBUSA's Overall Score
Company Review		AIG – American General’s review