AMERICAN INTERNATIONAL GROUP, INC.AIG
AMERICAN INTERNATIONAL GROUP, INC. Financial Overview 2021–2025
Updated Aug 8, 2026American 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 billion 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 billion 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 million 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 million 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.
Rev
$26.77B
FY2025
NI
$3.10B
FY2025
EPS
$5.48
FY2025
OCF
$3.31B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All AIG Financial Metrics(45)
Income Statement
Balance Sheet
Cash Flow
Recent SEC Filings
AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Sep 2, 2026)
American International Group, Inc. (AIG) announced a significant leadership transition, with Peter Zaffino stepping down as Executive Chair and a member of the Board of Directors, effective September 15, 2026. Mr. Zaffino will transition to a Senior Advisor role to the CEO, continuing his involvement with the company in a different capacity. This move is not attributed to any disagreements with the company or its leadership, signaling a planned succession. Following Mr. Zaffino's transition, John Rice, currently the Lead Independent Director, will assume the role of Chair of the Board. The company has also confirmed that Mr. Zaffino's change in role will not impact his existing compensation arrangements, as outlined in an amendment to his employment agreement. Investors should monitor the strategic implications of this leadership change and the ongoing collaboration between Mr. Zaffino in his advisory capacity and the new Board Chair.
AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Financial Results (Aug 6, 2026)
American International Group, Inc. (AIG) has filed an 8-K report detailing its financial results for the quarter ended June 30, 2026. The primary purpose of this filing is to disseminate key operational and financial performance metrics to the investing public, as presented in a press release incorporated by reference. Investors should review the attached press release for specific figures related to the company's performance during the second quarter of 2026. In addition to financial results, AIG announced a significant shareholder return initiative. The Board of Directors has declared a cash dividend of $0.50 per share on its Common Stock. This dividend declaration underscores the company's commitment to returning value to its shareholders and signals a level of confidence in its ongoing financial health and future prospects. Investors should consider this dividend information when evaluating their investment in AIG.
AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (May 14, 2026)
American International Group, Inc. (AIG) filed an 8-K on May 14, 2026, detailing significant updates from its Annual Meeting of Shareholders held on May 13, 2026. The most notable event is the appointment of Thomas D. Stoddard as a new independent director to the Board, effective June 1, 2026, who will also serve on the Audit Committee. This appointment is designed to strengthen the Board's oversight and expertise in financial matters. The filing also provides the results of the Annual Meeting, which included the election of directors, an advisory vote on executive compensation, and the ratification of AIG's independent auditor. All director nominees were overwhelmingly elected, indicating shareholder confidence in the current board composition. The advisory vote on executive compensation also passed, albeit with a higher percentage of 'against' votes compared to director elections. Furthermore, shareholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2026.
AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Financial Results (Apr 30, 2026)
American International Group, Inc. (AIG) filed an 8-K on April 30, 2026, to report its financial results for the quarter ended March 31, 2026, as detailed in an accompanying press release. While specific financial performance metrics are not detailed in this 8-K filing itself, the report directs investors to the press release (Exhibit 99.1) for these crucial details. This filing serves as the official notification of the release of quarterly financial information, allowing investors to access the detailed results through the provided exhibit.
AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Apr 27, 2026)
American International Group, Inc. (AIG) announced a significant leadership transition, effective June 1, 2026. Eric Andersen has been appointed as the new President and CEO and will also join the Board of Directors. Mr. Andersen, who joined AIG as President and CEO Elect in February 2026, brings extensive experience from his previous roles at Aon plc, including serving as its President. This appointment marks a pivotal moment for AIG as it brings in new leadership to guide its future strategic direction. In conjunction with Mr. Andersen's appointment, current Chairman and CEO Peter Zaffino will transition to the role of Executive Chair of the Board. This move suggests a strategic decision to leverage Mr. Zaffino's experience in a continued advisory and governance capacity while ushering in new operational leadership. Investors should note that compensation details for both executives were previously disclosed in an earlier filing, and there are no disclosed related-party transactions or arrangements affecting these appointments.
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