NYSE: AIG
AMERICAN INTERNATIONAL GROUP, INC.CIK 0000005272 · SIC 6331 · Fire, Marine & Casualty Insurance
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (HPQ 10-Q) is open in full — no account needed.
AIG Q2 2026: Net income falls 17% to $948.0M as Corebridge exit and Convex deal reshape portfolio
5 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Partner
Trade AIG commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
AIG appoints Thomas Stoddard to board, shareholders approve directors and executive pay
4 material changes detected. Sign up free to read the summary.
AIG: revenue $6.65B, net income $763.0M. AIG Q1 net income up 9% on lower catastrophes; investment income falls 36% on Corebridge
5 material changes detected. Sign up free to read the summary.
AIG reports Q1 2026 earnings, raises quarterly dividend 11% to $0.50 per share
2 material changes detected. Sign up free to read the summary.
AIG appoints Eric Andersen as CEO effective June 1; Peter Zaffino moves to Executive Chair
3 material changes detected. Sign up free to read the summary.
AIG director James Dunne III to step down at May annual meeting, no disagreement cited
2 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 7, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Loss) (Unaudited)
(dollars in millions, except per common share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Premiums | 6,221 | 5,877 | 12,293 | 11,647 |
| Net investment income: | ||||
| Net investment income excluding Fortitude Re funds withheld assets | 1,091 | 1,427 | 1,780 | 2,492 |
| Net investment income Fortitude Re funds withheld assets | 36 | 39 | 59 | 79 |
| Total net investment income | 1,127 | 1,466 | 1,839 | 2,571 |
| Net realized losses: | ||||
| Net realized losses excluding Fortitude Re funds withheld assets and embedded derivative | (208) | (192) | (340) | (252) |
| Net realized losses on Fortitude Re funds withheld assets | (6) | (52) | (19) | (54) |
| Net realized losses on Fortitude Re funds withheld embedded derivative | (51) | (14) | (41) | (55) |
| Total net realized losses | (265) | (258) | (400) | (361) |
| Other income | 2 | 6 | 3 | 17 |
| Total revenues | 7,085 | 7,091 | 13,735 | 13,874 |
| Benefits, losses and expenses: | ||||
| Losses and loss adjustment expenses incurred | 3,584 | 3,493 | 7,059 | 7,287 |
| Amortization of deferred policy acquisition costs | 900 | 847 | 1,724 | 1,672 |
| General operating and other expenses | 1,231 | 1,162 | 2,368 | 2,277 |
| Interest expense | 100 | 100 | 200 | 192 |
| (Gain) loss on extinguishment of debt | — | (5) | — | (5) |
| Net (gain) loss on divestitures and other | 6 | (50) | 133 | (53) |
| Total benefits, losses and expenses | 5,821 | 5,547 | 11,484 | 11,370 |
| Income before income tax expense | 1,264 | 1,544 | 2,251 | 2,504 |
| Income tax expense | 316 | 400 | 540 | 662 |
| Net income | 948 | 1,144 | 1,711 | 1,842 |
| Less: Net income (loss) attributable to noncontrolling interests | — | — | — | — |
| Net income attributable to AIG common shareholders | 948 | 1,144 | 1,711 | 1,842 |
| Net income per common share attributable to AIG common shareholders: | ||||
| Basic | 1.79 | 2.00 | 3.21 | 3.16 |
| Diluted | 1.78 | 1.98 | 3.18 | 3.13 |
| Weighted average shares outstanding: | ||||
| Basic | 529,539,714 | 572,817,409 | 533,775,623 | 583,272,826 |
| Diluted | 533,574,538 | 577,941,232 | 537,846,532 | 588,534,928 |
Condensed Consolidated Balance Sheets (Unaudited)
(in millions, except for share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturity securities: | ||
| Bonds available for sale, at fair value, net of allowance for credit losses of $35 in 2026 and $37 in 2025 (amortized cost: 2026 $72,710; 2025 - $71,772) | 71,472 | 71,032 |
| Other bond securities, at fair value | 667 | 741 |
| Equity securities, at fair value | 1,034 | 502 |
| Mortgage and other loans receivable, net of allowance for credit losses of $37,714 in 2026 and $37,747 in 2025 | 2,599 | 2,887 |
| Other invested assets (portion measured at fair value: 2026 $3,120; 2025 - $5,011) | 6,841 | 6,696 |
| Short-term investments, including restricted cash of $58 in 2026 and $55 in 2025 (portion measured at fair value: 2026 $5,213; 2025 - $5,909) | 9,063 | 11,141 |
| Total investments | 91,676 | 92,999 |
| Cash | 1,490 | 1,274 |
| Accrued investment income | 719 | 691 |
| Premiums and other receivables, net of allowance for credit losses and disputes of $134 in 2026 and $131 in 2025 | 12,761 | 10,441 |
| Reinsurance assets Fortitude Re | 3,039 | 3,167 |
| Reinsurance assets other, net of allowance for credit losses and disputes of $247 in 2026 and $248 in 2025 | 35,755 | 34,829 |
| Deferred income tax assets | 4,876 | 5,096 |
| Deferred policy acquisition costs | 2,217 | 2,106 |
| Goodwill | 3,422 | 3,435 |
| Deposit accounting assets, net of allowance for credit losses of $49 in 2026 and $49 in 2025 | 2,546 | 2,443 |
| Other assets, including restricted cash of $17 in 2026 and $16 in 2025 (portion measured at fair value: 2026 $3; 2025 - $135) | 4,963 | 4,773 |
| Total assets | 163,464 | 161,254 |
| Liabilities: | ||
| Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2026 and $14 in 2025 | 69,852 | 70,666 |
| Unearned premiums | 20,035 | 17,991 |
| Future policy benefits | 1,302 | 1,385 |
| Other policyholder funds | 321 | 352 |
| Fortitude Re funds withheld payable (portion measured at fair value: 2026 $(75); 2025 - $(92)) | 2,903 | 3,038 |
| Premiums and other related payables | 7,451 | 5,448 |
| Deposit accounting liabilities | 3,340 | 3,295 |
| Commissions and premium taxes payable | 1,506 | 1,556 |
| Current and deferred income tax liabilities | 636 | 661 |
| Other liabilities (portion measured at fair value: 2026 $192; 2025 - $162) | 6,365 | 6,509 |
| Long-term debt | 8,973 | 9,035 |
| Debt of consolidated investment entities | 154 | 156 |
| Total liabilities | 122,838 | 120,092 |
| Contingencies, commitments and guarantees (See Note 12) | ||
| AIG shareholders’ equity: | ||
| Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2026 1,906,671,492 and 2025 - 1,906,671,492 | 4,766 | 4,766 |
| Treasury stock, at cost; 2026 1,381,952,801 shares; 2025 - 1,368,489,324 shares of common stock | (72,283) | (71,199) |
| Additional paid-in capital | 75,341 | 75,373 |
| Retained earnings | 38,388 | 37,186 |
| Accumulated other comprehensive loss | (5,606) | (4,987) |
| Total AIG shareholders’ equity | 40,606 | 41,139 |
| Non-redeemable noncontrolling interests | 20 | 23 |
| Total equity | 40,626 | 41,162 |
| Total liabilities and equity | 163,464 | 161,254 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 1,711 | 1,842 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Noncash revenues, expenses, gains and losses included in income (loss): | ||
| Net losses on sales of securities available for sale and other assets | 265 | 453 |
| Net (gain) loss on divestitures and other | 133 | (53) |
| Gain on extinguishment of debt | — | (5) |
| Unrealized (gains) losses in earnings net | 112 | (805) |
| Equity in (income) loss from equity method investments, net of dividends or distributions | (27) | 13 |
| Depreciation and other amortization | 1,788 | 1,749 |
| Changes in operating assets and liabilities: | ||
| Insurance reserves | 1,865 | 754 |
| Premiums and other receivables and payables net | (754) | (813) |
| Reinsurance assets, net | (876) | (598) |
| Capitalization of deferred policy acquisition costs | (1,904) | (1,688) |
| Current and deferred income taxes net | 247 | 501 |
| Other, net | (689) | (15) |
| Total adjustments | 160 | (507) |
| Net cash provided by operating activities | 1,871 | 1,335 |
| Cash flows from investing activities: | ||
| Proceeds from (payments for) | ||
| Sales or distributions of: | ||
| Available for sale securities | 6,241 | 7,387 |
| Other securities | 895 | 86 |
| Other invested assets | 1,430 | 1,342 |
| Maturities of fixed maturity securities available for sale | 5,557 | 4,101 |
| Principal payments received on and sales of mortgage and other loans receivable | 317 | 660 |
| Purchases of: | ||
| Available for sale securities | (12,901) | (13,300) |
| Other securities | (711) | (76) |
| Other invested assets | (2,473) | (718) |
| Mortgage and other loans receivable | (61) | (202) |
| Net change in short-term investments | 2,057 | 4,449 |
| Other, net | (270) | (414) |
| Net cash provided by investing activities | 81 | 3,315 |
| Cash flows from financing activities: | ||
| Proceeds from (payments for) | ||
| Issuance of long-term debt | — | 1,241 |
| Repayments of long-term debt | (15) | (1,087) |
| Purchase of common stock | (1,153) | (4,007) |
| Dividends on common stock | (504) | (488) |
| Other, net | (47) | 129 |
| Net cash used in financing activities | (1,719) | (4,212) |
| Effect of exchange rate changes on cash and restricted cash | (13) | 31 |
| Net increase in cash and restricted cash | 220 | 469 |
| Cash and restricted cash at beginning of year | 1,345 | 1,372 |
| Cash and restricted cash at end of period | 1,565 | 1,841 |
Amounts as printed on the EDGAR/iXBRL face — (dollars in millions, except per common share data); (in millions, except for share data); (in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗