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American International Group, Inc.

AIG Financial Insurance Diversified

American International Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.8 billion, down 1.75% from fiscal 2024.

Revenue
+17.2%
EPS
+71.3%
Free cash flow
+100.4%
Total debt
+14.9%

Quarter to September 2026, against a year earlier

78.95 1.98 −2.45%
Market cap
$42.3B
P/E
13.1×
Fwd P/E
11.5×
Dividend yield
2.35%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by regions Fiscal 2025

  • International
  • North America

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.00
Sold, $m 18.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 0.27%

Capital & Financial Ratios $m

Size
Market Cap 42,320.00
Revenue ttm 27,728.00
Net income ttm 3,291.00
Free cash flow ttm 5,198.00
Net debt Q (1,724.00)
Valuation
P/E 13.07
Forward P/E 11.50
Price / sales 1.52
Forward P/S Powerpack
Price / FCF 8.13
Price / book 1.09
Financial health
Current ratio Q 0.51
Debt / equity Q 0.00
Interest coverage Q 0.00
Growth
Revenue growth Q +17.19% (above 0%: growing)
Operating income growth Q −17.87% (below 0%: shrinking)
EPS, this year +15.20% (at or above 15%: strong)
EPS, next year A +7.58%
Revenue, next year A +7.83%
EPS, past 5 yrs —
EPS, next 5 yrs A +10.29%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 55.50%
10-year low 10-year high
P/S against its own 10 years 69.27%
10-year low 10-year high
P/B against its own 10 years 85.26%
10-year low 10-year high

Dividends raised 3 years running

Yield
2.35%
Annual rate
1.90
Payout ratio
30.9%
Growth, 2017–25
+3.99%/yr
  1. 1.28 ’17
  2. 1.28 ’18 +0
  3. 1.28 ’19 +0
  4. 1.28 ’20 +0
  5. 1.28 ’21 +0
  6. 1.28 ’22 +0
  7. 1.40 ’23 +9
  8. 1.56 ’24 +11
  9. 1.75 ’25 +12
  10. 1.94 ’26e +11
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,540 1,302 1,274 1,724
Receivables 49,099 48,508 48,437 —
Inventory — — — —
Other — — — —
50,639 49,810 49,711 —
2023 2024 2025 Q'26
Payables 99,476 97,394 98,880 101,864
ST’ Debt — 1,522 1,556 1,506
Other — — — —
99,476 98,916 100,436 103,370

Compound Annual Growth %

10y 5y 3y
Sales (7.49%) (9.35%) (3.72%)
Cash Flow 1.42% 26.13% (7.10%)
Earnings 3.49% 0.00% (32.79%)
Book Value (7.55%) (9.34%) (1.79%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.85 Actual 2.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.89 1.96 Beat by 0.07
Q1 FY26 1.90 2.11 Beat by 0.21
Q2 FY26 1.89 2.00 Beat by 0.11
Q3 FY26 1.85 2.06 Beat by 0.21
Q4 FY26 2.10 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.41 1.78 1.60 — —
’25 1.16 1.98 0.93 1.35 5.43
’24 1.74 (5.96) 0.71 1.43 (2.17)
’23 0.03 2.03 2.81 0.12 4.98
’22 5.15 3.78 3.50 0.35 13.01
’21 4.41 0.11 1.92 4.38 10.82
’20 1.98 (9.15) 0.32 (0.07) (6.88)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 6,650 7,085 7,443 — —
’25 6,783 7,091 6,351 6,550 26,775
’24 6,763 6,560 6,751 7,177 27,251
’23 10,984 7,436 7,267 2,251 27,938
’22 14,944 13,663 13,998 (12,609) 29,996
’21 14,454 10,681 12,835 14,187 52,157
’20 14,443 9,396 10,221 9,676 43,736
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 155 1,716 2,691 — —
’25 (56) 1,391 1,343 636 3,314
’24 521 928 1,699 125 3,273
’23 497 614 3,513 1,619 6,243
’22 39 559 3,369 167 4,134
’21 640 2,170 2,954 459 6,223
’20 (586) 347 848 429 1,038
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 155 1,716 2,691 — —
’25 (56) 1,391 1,343 636 3,314
’24 521 928 1,699 125 3,273
’23 497 614 3,513 1,619 6,243
’22 39 559 3,369 167 4,134
’21 640 2,170 2,954 459 6,223
’20 (586) 347 848 429 1,038
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 16.0% a year for ten years. It grew 8.3% a year over the last ten.

Implied
16.0%
10 years, reported
8.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 52,367 49,520 47,389 49,746 43,736 52,157 29,996 27,938 27,251 26,775 27,728 (7.2%) 28,872 31,257 32,478 +6.6%
Gross margin, % 10.00 13.83 14.60 24.07 15.80 30.82 27.92 25.58 26.26 28.24 0.00 +18.2 pt
EBT (74) 1,466 257 5,287 (7,293) 13,347 3,772 2,867 3,870 3,879 4,031 n/m
EBT margin, % (0.14) 2.96 0.54 10.63 (16.68) 25.59 12.58 10.26 14.20 14.49 14.54 +14.6 pt
Net income (349) (6,056) 61 4,169 (5,829) 10,906 11,273 3,878 (926) 3,097 3,291 n/m
Per share, $
Per share, $ Revenue 48.00 53.22 52.75 56.74 50.31 61.05 38.52 38.83 41.83 47.38 53.02 (0.1%)
Earnings (0.78) (6.54) (0.01) 3.79 (6.88) 10.95 13.16 5.02 (2.19) 5.48 6.18 n/m
Cash flow 3.21 (8.40) (0.44) (2.06) 1.19 7.28 5.31 8.68 5.02 5.86 9.94 +6.9%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 3.21 (8.40) (0.44) (2.06) 1.19 7.28 5.31 8.68 5.02 5.86 9.94 +6.9%
Book value 70.44 70.61 63.79 76.91 77.30 80.66 55.81 71.30 65.32 72.84 74.40 +0.4%
Shares, m 1,091 931 898 877 869 854 779 720 651 565 539 (7.0%)
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 13.51 0.00 5.17 4.87 13.69 0.00 15.61 13.07 5.3
P/S 1.36 1.12 0.75 0.90 0.75 0.93 1.63 1.77 1.74 1.81 1.52 1.3
P/B 0.92 0.84 0.62 0.67 0.49 0.71 1.14 0.97 1.11 1.17 1.09 0.9
EV/Sales 1.91 1.71 1.42 1.56 1.55 1.47 3.18 2.81 2.08 2.16 — 2.0
EV/FCF 28.58 (10.83) (170.24) (42.89) 65.14 12.30 23.09 12.56 17.28 17.45 — (4.8)
Cash, $m
Cash, $m Operating cash flow 3,502 (7,818) (394) (1,807) 1,038 6,223 4,134 6,243 3,273 3,314 5,198 (0.6%)
Capex — — — — — — — — — — — —
Free cash flow 3,502 (7,818) (394) (1,807) 1,038 6,223 4,134 6,243 3,273 3,314 5,198 (0.6%)
Balance, $m
Balance, $m Working capital (240,886) (236,471) (241,596) (251,299) (266,635) (270,331) (250,241) (48,837) (49,106) (50,725) (50,325) (15.9%)
Net debt 29,044 29,278 31,667 32,494 34,707 27,965 25,136 9,066 9,142 9,473 (1,724) (11.7%)
Shareholders’ equity 76,858 65,708 57,309 67,427 67,199 68,912 43,454 51,301 42,550 41,162 38,909 (6.7%)
Returns, %
Returns, % ROA (0.17) (1.22) 0.00 0.65 (1.07) 1.75 1.82 0.68 (0.41) 1.92 2.02 +2.1 pt
ROIC (0.32) 0.92 0.16 3.37 0.76 6.90 3.85 2.96 3.95 4.68 0.00 +5.0 pt
ROE (1.02) (8.53) (0.01) 5.35 (8.94) 15.30 18.31 7.71 (3.05) 7.40 8.22 +8.4 pt
People
People Employees 56,400 49,800 49,600 46,000 45,000 36,600 26,200 25,200 22,200 22,100 — (9.9%)
Revenue/emp, $m 0.93 0.99 0.96 1.08 0.97 1.43 1.14 1.11 1.23 1.21 — +3.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Business profile

Updated

American International Group, or AIG, sells insurance to businesses and individuals. Founded in 1919 and headquartered in New York City, it is led by President and Chief Executive Officer Eric Andersen. AIG serves customers in more than 200 countries and jurisdictions through its own operations and licenses and through network partners.

AIG’s commercial insurance covers risks faced by businesses, including damage to property, business interruption, liability claims and cyber risk. It also insures specialized activities such as marine transport, aviation and energy. For large corporate and multinational customers, AIG offers customized arrangements that can share risk with the customer.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by regions, and margins
International 14,076 52.57%
North America 12,699 47.43%
Gross margin 28.24%
Operating margin 14.17%
Pre-tax margin 14.49%

Revenue by segment since 2009

American International Group, Inc. vs peers in Insurance Diversified (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BRK.B Berkshire Hathaway Inc. $1.23T 14.4× 25.6× +10.04% (above 0%: growing) +107.85% (above 0%: growing) +6.56% (above 0%: growing) 80.07% 49.52% Compare
BRK.A Berkshire Hathaway Inc. $1.22T 14.4× 25.6× +10.04% (above 0%: growing) +107.75% (above 0%: growing) +6.56% (above 0%: growing) 80.07% 49.52% Compare
AIG American International Group, Inc. $42.3B 13.1× 11.5× +17.19% (above 0%: growing) +71.28% (above 0%: growing) +100.37% (above 0%: growing) 0.00% 0.00%
ACGL Arch Capital Group Ltd. $37.7B 8.8× 9.2× −8.89% (below 0%: shrinking) −15.09% (below 0%: shrinking) −19.60% (below 0%: shrinking) 37.31% 26.42% Compare
HIG The Hartford Insurance Group, Inc. $36.7B 8.2× 9.0× +3.94% (above 0%: growing) +28.27% (above 0%: growing) +67.37% (above 0%: growing) 48.57% 22.62% Compare
AEG Aegon NV $12.6B — (loss-making) 8.4× −53.52% (below 0%: shrinking) −86.85% (below 0%: shrinking) +30.41% (above 0%: growing) 14.93% (11.60%) Compare
BNT Brookfield Wealth Solutions Ltd. $12.4B 48.5× — +38.85% (above 0%: growing) −80.05% (below 0%: shrinking) +154.51% (above 0%: growing) 26.99% 10.58% Compare
PLGO Pelagos Insurance Capital Limited $2.3B 6.7× 7.4× +10.30% (above 0%: growing) +194.44% (above 0%: growing) +92.57% (above 0%: growing) 15.54% 10.68% Compare
XZO Exzeo Group, Inc. $1.6B 17.7× 18.0× +0.04% (above 0%: growing) 0.00% −101.10% (below 0%: shrinking) 62.06% 47.39% Compare
Median of peers $24.6B 14.4× 9.2× +6.99% +14.14% +18.49% 42.94% 24.52%

All 11 Insurance Diversified stocks →

From the latest earnings call

Updated

  • CEO Eric Andersen said AIG is directing Lexington’s growth toward smaller accounts while reducing participation in large property and casualty accounts facing competition.
  • Andersen said AIG stepped back from its full-year premium-growth expectation as conditions deteriorated in parts of the market, prioritizing underwriting over a specific growth rate.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.19%
Held by the ten largest 49.41%
Holder Shares Stake Change
Vanguard 67.68m 12.90% −200.79k
BlackRock 48.94m 9.33% +2.26m
Wellington Management 30.33m 5.78% +1.96m
State Street 25.12m 4.79% +196.97k
HARRIS ASSOCIATES L P 19.85m 3.78% −180.11k
Geode Capital Management 14.68m 2.80% +2.14m
T. Rowe Price 13.78m 2.63% −97.99k
Invesco 13.73m 2.62% +863.35k
Capital Group 13.08m 2.49% −2.21m
Franklin Templeton 12.07m 2.30% +358.44k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 31 March 2026

Ownership

Directors and executive officers, together less than 1%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

American International Group, Inc. (AIG) Latest News

4 Nov

Impact 3 · · MarketBeat
Impact 3 · · Zacks

29 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

27 Oct

Impact 3 · · Zacks

17 Oct

Impact 3 · · Barchart

14 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Trefis

2 Oct

Impact 3 · · Business Wire

1 Oct

Impact 4 · · Business Wire

28 Sep

Impact 3 · · Zacks
Impact 3 · · Zacks

23 Sep

Impact 3 ·

22 Sep

Impact 4 · · lifeinsuranceinternational.com
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

21 Sep

Impact 4 ·

8 Sep

Impact 3 ·

2 Sep

Impact 3 ·

14 Aug

Impact 3 ·

13 Aug

Impact 3 ·

12 Aug

Impact 3 ·

11 Aug

Impact 3 · transcript

7 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 · · Moby transcript

6 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·

5 Aug

Impact 3 ·

AIG metrics, ten years each

stockrow.com/AIG · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com