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AMERICAN INTERNATIONAL GROUP, INC.AIG

Sector
Financial Services
Industry
Fire, Marine & Casualty Insurance
Exchange
NYSE

Stock Price $AIG

Latest filings

You are here#42 of 58 in Financials by market cap

Filing record · 2016–202610-K1210-Q328-K214

AIG filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 214 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’17Jun ’17
  2. Material agreement8-K · Nov ’19Nov ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $26.77B
YoY changeLargest recent move−42.5%in FY22Latest −1.7%

2 older moves run past ±50% (largest +1203.0%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All AIG Financial Metrics45 metrics

Income Statement10

Balance Sheet18

Cash Flow12

Per Share5

02—Overview

AMERICAN INTERNATIONAL GROUP, INC. Financial Overview 2021–2025

Updated Aug 8, 2026

American International Group (AIG) systematically dismantled its conglomerate structure to buy back a staggering 34% of its outstanding equity over five years. This aggressive capital return strategy, fueled by the multi-year deconsolidation of its Corebridge Financial life and retirement business, highlights a ruthless management commitment to narrowing corporate focus and driving immediate shareholder value.

This structural transformation accompanied a massive operational turnaround. Outstanding shares plummeted from 0.82 billion in FY2021 to just 0.54 billion by the end of FY2025. Over that exact timeframe, the core General Insurance segment aggressively tightened its underwriting discipline, improving its combined ratio from 95.8 in FY2021 to a highly profitable 90.1 in FY2025. This operational efficiency generated $2.3 billiona in underwriting income in FY2025. AIG immediately directed that cash back to investors, returning $6.8 billion in FY2025 alone through $5.8 billion in repurchases and $1.0 billion in dividends.

The market rewarded this disciplined execution. By the close of FY2025, the streamlined property and casualty insurer achieved a $46.0 billionb market capitalization. The stock ended FY2025 at $85.55, trading at a 15.8x price-to-earnings multiple against its $5.43 in diluted earnings per share.

Recent Developments (Q1 and Q2 2026)

AIG finalized its exit from Corebridge Financial in May 2026, generating $710 millionc in proceeds, while executing a major leadership transition. Eric Andersen took over as CEO on June 1, 2026, replacing Peter Zaffino. Under this new leadership, the company reported a mixed Q2 2026. Net income fell 17% to $948 million, driven by a 23% drop in net investment income to $1,127 million.

Bulls will highlight the sustained resilience of the General Insurance segment, which posted a 10% increase in Q2 2026 underwriting income to $686 milliond alongside a strong 89.0% combined ratio. Bears will point to persistent headwinds in the investment portfolio, where equity market volatility continues to drag on total earnings. Trading at 14.5x earnings as of August 7, 2026, the stock offers an attractive entry point given the core underwriting improvements and the $1.2 billion in stock repurchases executed during H1 2026.

What to watch: Eric Andersen's early strategic initiatives as CEO; ongoing fluctuations in alternative investment yields.

03—Filings

Recent SEC Filings

  1. 8-KAMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Corporate Update (Sep 24, 2026)American International Group, Inc. (AIG) announced on September 24, 2026, the successful closing of a significant debt offering. The company issued €625 million of 4.250% Notes due 2031 and €500 million of 4.750% Notes due 2036, totaling €1.125 billion in aggregate principal amount. This issuance represents AIG's proactive approach to managing its capital structure and accessing diverse funding sources in the European debt markets. Investors should note that this filing primarily details the closing of this debt offering and related transactional documents, including the Underwriting Agreement and Supplemental Indentures. While specific details regarding the use of proceeds are not provided in this particular filing, such debt issuances are typically undertaken to fund general corporate purposes, refinance existing debt, or support strategic initiatives. The fixed coupon rates on these notes indicate AIG's cost of long-term borrowing.
  2. 8-KAMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Sep 16, 2026)American International Group, Inc. (AIG) has announced a significant leadership transition within its General Insurance segment. Effective December 31, 2026, Jon Hancock, currently Executive Vice President and Chief Executive Officer of General Insurance, will retire from his executive role. This departure marks the end of Mr. Hancock's tenure in executive leadership at AIG, having served for over six years, and concludes a distinguished 40-year career in the insurance industry. Investors should note that this is a planned succession, as Mr. Hancock will transition to a Senior Advisor role.
  3. 8-KAMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Sep 2, 2026)On September 2, 2026, AIG announced a board leadership transition. Executive Chair Peter Zaffino will step down as Executive Chair and as a member of the Board effective September 15, 2026, and will become a Senior Advisor to the company, supporting the transition of executive leadership to President & CEO Eric Andersen. Lead Independent Director John Rice will become Chair of the Board on the same date. The filing states that Zaffino's departure is not due to any disagreement with the company, its management, or the Board, or on any matter related to operations, policies, or practices. The filing also discloses an amendment to Zaffino's Employment Agreement (originally dated November 10, 2022, amended January 3, 2026), entered into September 1, 2026. The amendment confirms that neither his move to Senior Advisor nor Rice's appointment as Chair will change his compensation under the agreement, and that neither event will be treated as a termination without Cause or for Good Reason under Sections 7(d) or 7(e). This removes what could otherwise have been a severance trigger, which is a relevant governance detail for investors. The full amendment text is to be filed as an exhibit to the Q3 2026 Form 10-Q rather than attached here. For investors, the event is primarily a governance and succession update rather than a financial one. The filing contains no financial results, guidance, or balance sheet information. The main points to monitor are the continuity of strategic execution under Andersen and Rice, and whether the separation of the Chair and CEO roles changes the board's oversight dynamic.
  4. 8-KAMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Financial Results (Aug 6, 2026)American International Group (AIG) reported second-quarter 2026 results on August 6, 2026, showing a mixed headline picture beneath solid operating performance. GAAP net income attributable to common shareholders fell 17% year-over-year to $948 million ($1.78 per diluted share, down 10%), driven mainly by swings in the fair value of the Corebridge stake and equity securities. Adjusted after-tax income (AATI) rose 2% in dollar terms to $1,069 million, and AATI per diluted share increased 10% to $2.00, helped by a lower share count after heavy buybacks. The underlying General Insurance business was the main driver of quality. Net premiums written grew 9% on both reported and constant-dollar bases to $7.5 billion, and excluding North America Property the growth rate was 11%. General Insurance underwriting income rose 10% to $686 million, the calendar-year combined ratio improved 30 basis points to 89.0%, and the accident year combined ratio, as adjusted, improved to 88.1%. Results were not uniform across segments: International Commercial deteriorated sharply (combined ratio up 540 bps to 91.3%, largely from Middle East conflict losses), while Global Personal improved substantially. Capital management remained active. AIG returned $904 million to shareholders in the quarter ($641 million of buybacks, roughly 8 million shares, and $263 million of dividends), completed the sale of its remaining Corebridge stake for about $710 million, and declared a $0.50 quarterly dividend payable September 30, 2026. Book value per share reached $77.39 (up 4% year-over-year), while core operating ROE was 11.1%, versus 11.7% a year earlier. Management reiterated confidence in its 2025 Investor Day financial objectives while noting that the market has shifted toward a more selective pricing environment.
  5. 8-KAMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (May 14, 2026)On May 13, 2026, AIG's Board appointed Thomas D. (Tom) Stoddard as an independent director, effective June 1, 2026. He will serve on the Audit Committee and will receive the standard independent director compensation described in the 2026 proxy statement. The Board determined he is independent under NYSE standards, and the filing states there are no arrangements or family relationships tied to his appointment. Stoddard brings more than 35 years of financial services experience, including former Group CFO roles at Aviva plc and Athora Ltd. and a prior role as Vice Chairman of Global Investment Banking at Bank of America. The press release notes he has worked closely with AIG in the past. The same filing reports results from AIG's May 13, 2026 Annual Meeting. All ten director nominees were elected, though several received substantial opposition. Linda A. Mills (about 89% for) and Diana M. Murphy (about 91% for) had the weakest support among nominees, while James Cole, Jr. and other nominees received roughly 97% to 99% support of votes cast. The advisory say-on-pay proposal on named executive officer compensation passed, but with only about 77.5% of votes cast in favor and roughly 104.7 million votes against, which is a meaningful level of shareholder dissent for investors to monitor. The selection of PricewaterhouseCoopers LLP as 2026 independent auditor was ratified with about 94% support. For investors, the governance changes are incremental: a new independent director with deep financial sector and capital markets experience joining the Audit Committee. The more notable signal is the moderate say-on-pay result and the lower director support for Mills and Murphy, which may warrant attention in future proxy and engagement discussions. The filing contains no financial results, guidance, or transaction disclosures.
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04—See also

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