American International Group, Inc. (AIG) is a leading global insurance organization headquartered in New York City. The company provides a wide range of property casualty insurance and risk management solutions to commercial and individual customers across approximately 190 countries and jurisdictions. Following the recent spin-off of its life and retirement business, AIG operates primarily as a focused, global property and casualty insurer.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Premiums Earned | 23,751,000 | 23,537,000 | 25,564,000 | 26,765,000 |
| Investment Income | 4,215,000 | 4,255,000 | 3,446,000 | 2,370,000 |
| Net Gains on Investments | (1,202,000) | (548,000) | (1,078,000) | 827,000 |
| Total Other Revenues | 11,000 | 7,000 | 6,000 | 34,000 |
| Total Revenues | 26,775,000 | 27,251,000 | 27,938,000 | 29,996,000 |
| Insurance Benefits & Claims | 14,162,000 | 14,567,000 | 15,393,000 | 15,461,000 |
| Policy Amortization Costs | 3,371,000 | 3,425,000 | 3,771,000 | 3,545,000 |
| Other Operating Expenses | 5,053,000 | 5,529,000 | 5,399,000 | 6,159,000 |
| Operating Profit | 4,189,000 | 3,730,000 | 3,375,000 | 4,831,000 |
| Interest Expense | (396,000) | (462,000) | (516,000) | (603,000) |
| Non-Operating Income | 86,000 | 602,000 | 8,000 | (456,000) |
| Total Non-Operating Income | (310,000) | 140,000 | (508,000) | (1,059,000) |
| Income Before Provision for Income Taxes | 3,879,000 | 3,870,000 | 2,867,000 | 3,772,000 |
| Provision for Income Taxes | 782,000 | 1,170,000 | 126,000 | 882,000 |
| Consolidated Net Income | 3,097,000 | 2,700,000 | 2,741,000 | 2,890,000 |
| Net Income Attributable to Minority Interests and Other | 1,000 | 478,000 | 235,000 | 1,046,000 |
| Net Income Attributable to Preferred Dividends | — | 22,000 | 29,000 | 29,000 |
| Net Income Attributable to Discontinued Operations | — | (3,626,000) | 1,137,000 | 8,383,000 |
| Net Income Attributable to Common Shareholders | 3,096,000 | (1,426,000) | 3,614,000 | 10,198,000 |
| Basic EPS | 5.48 | -2.19 | 5.02 | 13.10 |
| Diluted EPS | 5.43 | -2.19 | 4.98 | 12.94 |
| Basic Weighted Average Shares Outstanding | 565,078 | 651,448 | 719,506 | 778,621 |
| Diluted Weighted Average Shares Outstanding | 570,350 | 657,283 | 725,233 | 787,942 |
| Shares Outstanding | 538,200 | 606,159 | 688,800 | 734,100 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Debt Securities | 74,660,000 | 68,619,000 | 70,346,000 | 280,246,000 |
| Equity and Preferred Securities | 502,000 | 704,000 | 605,000 | 575,000 |
| Other Investments | 17,837,000 | 24,290,000 | 19,233,000 | 28,329,000 |
| Total Investments | 92,999,000 | 93,613,000 | 90,244,000 | 309,150,000 |
| Cash and Cash Equivalents | 1,274,000 | 1,302,000 | 1,540,000 | 2,043,000 |
| Reinsurance Contract Assets | 37,996,000 | 38,045,000 | 39,132,000 | 69,722,000 |
| Deferred Acquisition Costs | 2,106,000 | 2,065,000 | 2,117,000 | 12,857,000 |
| Other Receivables | 11,132,000 | 11,062,000 | 10,547,000 | 15,619,000 |
| Goodwill | 3,435,000 | 3,373,000 | 3,422,000 | — |
| Other Assets | 12,312,000 | 11,862,000 | 392,304,000 | 112,837,000 |
| Total Assets | 161,254,000 | 161,322,000 | 539,306,000 | 522,228,000 |
| Unearned Premiums | 17,991,000 | 17,232,000 | 17,375,000 | 18,338,000 |
| Claims Reserves | 72,403,000 | 70,903,000 | 72,355,000 | 286,528,000 |
| Reinsurance Contract Liabilities | 3,038,000 | 3,207,000 | 3,527,000 | 30,383,000 |
| Accounts Payable | 7,004,000 | 7,574,000 | 7,570,000 | — |
| Total Debt | 9,191,000 | 8,922,000 | 10,606,000 | 5,880,000 |
| Other Liabilities | 10,465,000 | 10,934,000 | 376,572,000 | 116,346,000 |
| Total Liabilities | 120,092,000 | 118,772,000 | 488,005,000 | 478,774,000 |
| Preferred Stock | — | — | 485,000 | 485,000 |
| Common Stock | 4,766,000 | 4,766,000 | 4,766,000 | 4,766,000 |
| Treasury Stock | (71,199,000) | (65,573,000) | (59,189,000) | (56,473,000) |
| Additional Paid-in Capital | 75,373,000 | 75,348,000 | 75,810,000 | 79,915,000 |
| Accumulated Other Comprehensive Income | (4,987,000) | (7,099,000) | (14,037,000) | (22,616,000) |
| Retained Earnings | 37,186,000 | 35,079,000 | 37,516,000 | 34,893,000 |
| Total Common Shareholders' Equity | 41,139,000 | 42,521,000 | 45,351,000 | 40,970,000 |
| Minority Interests and Other | 23,000 | 29,000 | 5,950,000 | 2,484,000 |
| Total Shareholders' Equity | 41,162,000 | 42,550,000 | 51,301,000 | 43,454,000 |
| Total Liabilities and Shareholders' Equity | 161,254,000 | 161,322,000 | 539,306,000 | 522,228,000 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Income | 3,097,000 | (926,000) | 3,878,000 | 11,273,000 |
| Depreciation & Amortization | 3,455,000 | 3,597,000 | 3,841,000 | 3,861,000 |
| Other Adjustments | 519,000 | 3,063,000 | 598,000 | (5,232,000) |
| Changes in Receivables | (1,168,000) | (571,000) | 544,000 | (1,681,000) |
| Changes in Reinsurance Contract Assets | 501,000 | 727,000 | (204,000) | 2,794,000 |
| Changes in Deferred Acquisition Costs | (3,438,000) | (3,519,000) | (4,157,000) | (3,732,000) |
| Changes in Claims Reserves | 93,000 | 341,000 | 823,000 | (4,486,000) |
| Changes in Income Taxes Payable | 452,000 | 468,000 | (338,000) | 199,000 |
| Changes in Other Operating Activities | (197,000) | 197,000 | 1,968,000 | 1,626,000 |
| Net Cash from Discontinued Operations | — | (104,000) | (710,000) | (488,000) |
| Cash from Operating Activities | 3,314,000 | 3,273,000 | 6,243,000 | 4,134,000 |
| Purchases of Investments | (26,726,000) | (24,284,000) | (24,300,000) | (21,496,000) |
| Proceeds from Sale of Investments | 27,252,000 | 31,144,000 | 26,910,000 | 25,288,000 |
| Proceeds from Business Divestments | — | 587,000 | 2,568,000 | — |
| Other Investing Activities | 2,664,000 | (1,604,000) | (7,665,000) | (879,000) |
| Net Cash from Discontinued Operations | — | (4,171,000) | (4,534,000) | (6,539,000) |
| Cash from Investing Activities | 3,190,000 | 1,672,000 | (7,021,000) | (3,626,000) |
| Issuance of Long-Term Debt | 1,241,000 | 661,000 | 742,000 | 97,000 |
| Repayments of Long-Term Debt | (1,101,000) | (2,048,000) | (2,349,000) | (9,760,000) |
| Net Issuance / (Repayments) of Long-Term Debt | 140,000 | (1,387,000) | (1,607,000) | (9,663,000) |
| Repurchases of Common Shares | (5,836,000) | (6,652,000) | (2,961,000) | (5,200,000) |
| Net Issuance / (Repurchases) of Common Shares | (5,836,000) | (6,652,000) | (2,961,000) | (5,200,000) |
| Repurchases of Preferred Shares | — | (485,000) | — | — |
| Net Issuance / (Repurchases) of Preferred Shares | — | (485,000) | — | — |
| Common Share Dividends Paid | (976,000) | (1,002,000) | (997,000) | (982,000) |
| Preferred Share Dividends Paid | — | (22,000) | (29,000) | (29,000) |
| Other Financing Activities | 129,000 | 605,000 | 2,846,000 | 1,369,000 |
| Net Cash from Discontinued Operations | — | 3,880,000 | 3,530,000 | 13,903,000 |
| Cash from Financing Activities | (6,543,000) | (5,063,000) | 782,000 | (602,000) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 12,000 | (83,000) | (13,000) | (117,000) |
| Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash | (27,000) | (201,000) | (9,000) | (211,000) |
| Metric | Value |
|---|---|
| Market Cap | $46.04B |
| P/E | 15.76x |
| P/S | 1.65x |
| Return on Equity | 7.4% |
| Return on Invested Capital | 2.2% |
| Dividend Yield | 2.0% |
| Free Cash Flow Margin | 12.4% |
| Quarter | Revenue | YoY growth | Operating margin | Operating income |
|---|---|---|---|---|
| Q2 2026 | $7.08B | -0.1% | 19.3% | $1.37B |
| Q1 2026 | $6.65B | -2.0% | 18.3% | $1.21B |
| Q4 2025 | $6.55B | -8.7% | 11.3% | $738M |
| Q3 2025 | $6.35B | -5.9% | 12.8% | $813M |
| Q2 2025 | $7.09B | — | 22.4% | $1.59B |
| Q1 2025 | $6.78B | — | 15.5% | $1.05B |
| Q4 2024 | $7.18B | — | 16.0% | $1.15B |
| Q3 2024 | $6.75B | — | 11.4% | $769M |