AIG Q1 net income up 9% on lower catastrophes; investment income falls 36% on Corebridge

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

• high

  Net income rose 9% to $763M driven by 66% drop in catastrophe losses ($525M to $180M) and improved reserve development, partially offset by 36% decline in net investment income.

  MD&A: Financial Results verify on EDGAR →
• high

  Combined ratio improved 8.5 points to 87.3 as catastrophe losses fell from $525M (2025 wildfires) to $180M (2026 winter storms), while net premiums written grew 24% to $5.6B.

  MD&A: Underwriting Performance verify on EDGAR →
• high

  Net investment income dropped $393M (36%) to $712M, primarily from $449M unfavorable fair value changes in Corebridge and equity securities, partially offset by $103M higher fixed maturity income.

  MD&A: Investment Income verify on EDGAR →