AIG Q2 2026: Net income falls 17% to $948M as Corebridge exit and Convex deal reshape portfolio

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income declined 17.1% to $948.0M in Q2 2026 while revenue held flat at $7.08B (-0.1%), as AIG completed its $1.46B exit from Corebridge and deployed $2.7B into minority stakes in Convex (35% of a specialty insurer) and Onex (9.9% of an asset manager).

  Notes: Convex/Onex investments and Corebridge exit view on EDGAR →
• high

  Diluted EPS fell 10.1% to $1.78 despite the earnings decline, as AIG repurchased $1.2B of stock year-to-date, reducing remaining buyback authorization from $5.2B to $2.6B over the twelve months ended July 31, 2026.

  Notes: Share repurchase authorization view on EDGAR →
• medium

  AIG entered a quota share reinsurance agreement with Convex covering 7.5%, 10.0%, and 12.5% of Convex's underwriting portfolio in 2026, 2027, and 2028 respectively, linking AIG's underwriting results to the newly acquired specialty insurer.

  Notes: Convex strategic investment view on EDGAR →