AIG 10-Q Quarterly Reports

American International Group, Inc. (AIG) reported a net income of $948 million for the three months ended June 30, 2026, a decrease from $1,144 million in the prior year period. This decline was primarily driven by lower net investment income, which was impacted by changes in the fair value of investments in Corebridge and equity securities, as well as reduced income from alternative investments and mortgage loans. Despite the decrease in net income, the company's General Insurance segment demonstrated resilience, with underwriting income increasing by 10% and the combined ratio improving to 89.0%. This improvement was supported by higher net favorable prior year reserve development and lower catastrophe losses. Operationally, AIG has strategically divested its remaining interest in Corebridge Financial, Inc. in May 2026, completing its exit from the investment. The company also made significant strategic investments, acquiring stakes in Convex Group Limited and Onex Corporation in February 2026. These actions reflect AIG's ongoing efforts to refine its portfolio and focus on core insurance operations. The company repurchased approximately $1.2 billion of its common stock and declared a quarterly dividend of $0.50 per share, signaling a continued commitment to returning capital to shareholders.

For the first quarter of 2026, American International Group, Inc. (AIG) demonstrated a mixed financial performance. Net income attributable to AIG common shareholders increased by 9% to $763 million, or $1.41 per diluted share, compared to the prior year, driven by improved underwriting income in its General Insurance segment. This improvement was largely due to lower catastrophe losses and favorable prior year reserve development, leading to a significant reduction in the combined ratio to 87.3% from 95.8% in the prior year. However, Net Investment Income saw a substantial decrease of 36% to $712 million, primarily impacted by unfavorable changes in the fair value of investments in Corebridge and equity securities, and lower income from alternative investments and mortgage loans. Despite these investment headwinds, the company's strategic repositioning and focus on underwriting profitability appear to be yielding positive operational results, though investors should closely monitor the impact of market volatility on investment income going forward.

For the third quarter of 2025, AMERICAN INTERNATIONAL GROUP, INC. (AIG) demonstrated a solid financial performance with a reported net income attributable to AIG common shareholders of $519 million, a significant increase from $459 million in the prior year's third quarter. This growth was driven by a combination of factors, including improved underwriting results within its General Insurance segment, a reduction in net realized losses associated with its Fortitude Re arrangements, and a positive impact from discontinued operations related to the deconsolidation of Corebridge. Despite headwinds such as increased net realized losses in other areas, primarily from impairments on real estate funds and foreign exchange losses, and a decrease in net investment income due to shifts in its Corebridge investment valuation, AIG's overall financial health remained robust. The company continues to execute on its strategic objectives, including managing its investment portfolio for yield enhancement and capital preservation, and demonstrating a commitment to shareholder returns through dividends and share repurchases. The report also highlights favorable prior year reserve development and a solid combined ratio, signaling effective risk management within its core insurance operations.

American International Group, Inc. (AIG) reported a significant increase in net income attributable to common shareholders for the second quarter of 2025, reaching $1.144 billion, a substantial improvement from a net loss of $3.977 billion in the same period last year. This turnaround was largely driven by the deconsolidation of Corebridge, which resulted in a significant positive impact on earnings from discontinued operations, and a substantial increase in net investment income, particularly from AIG's investment in Corebridge. General Insurance segments demonstrated resilience, with underwriting income showing a solid increase, supported by favorable prior year reserve development and lower catastrophe losses, although the accident year loss ratio saw some pressure due to changes in business mix. Financially, total assets grew to $165.971 billion, while total liabilities increased to $124.442 billion. AIG shareholders' equity stood at $41.501 billion. The company also actively managed its capital structure by repurchasing $4.0 billion of its common stock during the first six months of 2025 and issuing new debt totaling $1.25 billion. The company's liquidity position remains strong, supported by its credit facilities and strong cash flows from operations.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) reported its first quarter 2025 financial results, showing a net income attributable to AIG common shareholders of $698 million, a decrease from $1.2 billion in the prior year period. This decline was primarily driven by the deconsolidation of Corebridge and higher catastrophe losses in the General Insurance segment. Despite the year-over-year decrease in net income, the company highlighted an increase in net investment income by 13% to $1.1 billion, benefiting from higher Corebridge equity method income and improved yields on new investments. Total assets remained relatively stable at $161.9 billion. The company continued its capital return program, repurchasing approximately $2.2 billion of common stock during the quarter, and announced a 12.5% increase in its quarterly dividend to $0.45 per share. AIG's investment portfolio saw a shift towards higher yields, with blended investment yields on new investments exceeding those on sold or matured investments. The company's financial strength remains robust, supported by strong liquidity and capital resources.

American International Group, Inc. (AIG) reported a net income attributable to common shareholders of $459 million, or $0.71 per diluted share, for the third quarter of 2024. This represents a significant decrease compared to the $2.02 billion, or $2.81 per diluted share, reported in the same period of the prior year. The decline is largely attributed to a substantial reduction in income from discontinued operations, primarily due to the deconsolidation of Corebridge in the prior year, which positively impacted that period's results. On a continuing operations basis, AIG's income from continuing operations was $481 million, or $0.74 per diluted share, down from $701 million, or $0.97 per diluted share, in Q3 2023. This decrease was driven by lower underwriting income in the General Insurance segment, particularly in North America, impacted by prior year loss reserve development and the sale of AIG Re. However, net investment income saw a notable increase of 14% to $973 million, driven by higher dividends from Corebridge, improved equity security valuations, and favorable interest rate environments impacting fair-valued securities. The company also continued its share repurchase program, repurchasing approximately $4.8 billion of common stock year-to-date.

American International Group, Inc. (AIG) reported a net loss attributable to common shareholders of $3,977 million, or $(6.02) per diluted share, for the second quarter of 2024. This loss was primarily driven by a significant loss from discontinued operations, largely due to the deconsolidation of Corebridge, which resulted in a $4.7 billion loss on disposition. Despite the net loss, the General Insurance segment demonstrated resilience, with underwriting income of $430 million and a combined ratio of 92.5% for the quarter. This performance was supported by strong net investment income of $990 million and continued pricing discipline and risk selection in Commercial Lines, although offset by lower favorable prior year reserve development and higher catastrophe losses. The company continues to manage its portfolio and execute strategic initiatives, including the announced sale of its global individual personal travel insurance and assistance business.

American International Group, Inc. (AIG) reported a significant turnaround in its financial performance for the first quarter of 2024, demonstrating a net income of $1.216 billion attributable to AIG common shareholders, a substantial increase from the $30 million reported in the same period of the previous year. This improvement was driven by a strong recovery in net investment income, which rose by 11% to $3.9 billion, and a considerable reduction in net realized losses, which decreased by 78% to $424 million. The General Insurance segment saw its adjusted pre-tax income grow by 9% to $1.36 billion, supported by improved underwriting results in its International operations and a lower combined ratio. The Life and Retirement segment also showed robust growth, with adjusted pre-tax income increasing by 12% to $991 million, benefiting from higher net investment income and increased annuity sales. The company also announced a 11% increase in its quarterly common stock dividend, signaling confidence in its ongoing performance and financial strength.

American International Group, Inc. (AIG) reported a net income attributable to AIG common shareholders of $2.02 billion, or $2.81 per diluted share, for the third quarter of 2023. This represents a decrease from the $2.74 billion, or $3.55 per diluted share, reported in the same period of the prior year. The decline was primarily driven by lower net realized gains in both the General Insurance and Life and Retirement segments, particularly from Fortitude Re funds withheld embedded derivatives and derivative and hedge activities. However, the General Insurance segment saw an increase in underwriting income, supported by favorable prior year reserve development, lower catastrophe losses, and improved accident year loss ratios in North America, while International results were impacted by less favorable prior year development and higher catastrophe losses. For the first nine months of 2023, net income attributable to AIG common shareholders was $3.53 billion, a significant decrease from $9.65 billion in the prior year period. This was largely due to a substantial reduction in net realized gains, particularly from Fortitude Re related activities, and a decrease in net investment income driven by lower returns in alternative investments. Despite these headwinds, the General Insurance segment demonstrated robust growth in adjusted pre-tax income, driven by strong underwriting performance across both North America and International operations, including favorable prior year reserve development and improved accident year loss ratios. The Life and Retirement segment also showed resilience with a significant increase in adjusted pre-tax income, primarily due to higher net investment income and improved base portfolio spread income.

American International Group, Inc. (AIG) reported its financial results for the second quarter of 2023. The company demonstrated a mixed performance, with a notable increase in net investment income, driven by higher interest rates and strategic deployment of assets. However, the General Insurance segment experienced a decrease in underwriting income due to higher catastrophe losses and lower favorable prior year reserve development, partially offset by premium growth and improved accident year loss ratios. Life and Retirement segment showed improved adjusted pre-tax income, driven by higher net investment spread income and a robust fixed annuity market, although variable annuity net outflows increased due to market volatility and higher surrender rates. The company also continued its strategic divestitures, completing the sale of Crop Risk Services and announcing the sale of Validus Re. AIG's financial position remains solid, with a significant increase in total assets and shareholders' equity, supported by ongoing capital management actions including share repurchases and dividends.

American International Group, Inc. (AIG) reported a net loss attributable to common shareholders of $23 million for the first quarter of 2023, a significant decrease from the $4.17 billion net income reported in the same period of the previous year. This shift was largely driven by substantial decreases in net realized gains, particularly from Fortitude Re related transactions and derivative activities. Total revenues declined by 26% year-over-year, primarily impacted by a sharp drop in net realized gains, while premiums written in the General Insurance segment saw a modest increase. Despite the overall reported net loss, the company highlighted improved underwriting income in its General Insurance segment, driven by positive rate changes and disciplined underwriting. Adjusted pre-tax income, a non-GAAP measure that excludes volatile items like net realized gains and losses, remained relatively stable at $1.64 billion compared to $1.72 billion in the prior year. This stability was supported by growth in net investment income and improved underwriting results in the General Insurance segment, which were partially offset by declines in the Life and Retirement segment, particularly in policy fees and advisory income. The company also announced a 12.5% increase in its common stock dividend, signaling confidence in its ongoing financial performance.

American International Group, Inc. (AIG) reported a strong third quarter of 2022, with net income attributable to AIG common shareholders increasing significantly to $2.7 billion, or $3.50 per diluted share, compared to $1.7 billion, or $1.92 per diluted share, in the prior year's third quarter. This robust performance was largely driven by a substantial increase in net realized gains, particularly from derivative and hedge activities and favorable movements related to Fortitude Re funds withheld embedded derivatives, which more than offset a decline in net investment income across the company's segments. The General Insurance segment demonstrated improved underwriting results, with a combined ratio of 97.3%, benefiting from favorable prior year reserve development and disciplined underwriting. The Life and Retirement segment saw a decline in adjusted pre-tax income, primarily due to lower net investment income and the impact of actuarial assumption updates, though the rising interest rate environment presents opportunities for fixed annuity sales. The company also successfully completed the initial public offering (IPO) of Corebridge Financial, Inc., its life and retirement business, raising approximately $1.7 billion and strengthening AIG's capital position.

American International Group, Inc. (AIG) reported a substantial increase in net income attributable to AIG common shareholders for the second quarter of 2022, reaching $3.03 billion ($3.78 diluted EPS), a significant jump from $91 million ($0.11 diluted EPS) in the same period last year. This performance was largely driven by a substantial increase in net realized gains, particularly from Fortitude Re's embedded derivatives and other hedging activities, which significantly boosted overall revenues. General Insurance segment demonstrated strong underwriting income, driven by higher premiums and improved loss ratios across both North America and International operations. However, the Life and Retirement segment experienced a significant decrease in adjusted pre-tax income, primarily due to lower net investment income and unfavorable impacts from lower variable annuity separate account returns and negative equity market performance. The company continues to navigate challenging market conditions, including rising interest rates and inflationary pressures, which have impacted investment valuations and fee income. Despite these headwinds, AIG is progressing with its strategic separation of the Life and Retirement business and its investment management agreements with BlackRock, aiming to enhance operational efficiency and financial flexibility.

American International Group, Inc. (AIG) reported its first quarter 2022 financial results, showing a net income attributable to AIG common shareholders of $4.26 billion, or $5.15 per diluted share, a significant increase compared to the prior year's $3.88 billion, or $4.41 per diluted share. This growth was primarily driven by a substantial increase in net realized gains, particularly from Fortitude Re embedded derivatives and other hedging activities, as well as improved underwriting income in the General Insurance segment, bolstered by higher premiums, reduced catastrophe losses, and favorable prior year reserve development. However, the company experienced a decline in net investment income, mainly due to a higher interest rate environment impacting returns on available-for-sale fixed maturity securities and fair value option assets. The ongoing separation of the Life and Retirement business, including strategic partnerships with Blackstone and BlackRock for asset management, continues to be a key focus. AIG also announced a significant share repurchase program and debt repurchases, demonstrating a commitment to capital return to shareholders.

American International Group, Inc. (AIG) reported a strong third quarter of 2021, with net income attributable to common shareholders increasing significantly to $1.66 billion ($1.95 per diluted share) from $288 million ($0.32 per diluted share) in the prior year's quarter. This improvement was primarily driven by higher net realized gains across various segments, particularly in derivative and hedge activities, as well as favorable movements in the allowance for credit losses. The General Insurance segment demonstrated robust underwriting income, benefiting from strong premium growth, rate improvements, and lower catastrophe losses, leading to an improved combined ratio. The company continues to make strategic progress on its separation of the Life and Retirement business, announcing a definitive agreement with Blackstone for a 9.9% equity stake, which closed in November 2021. Additionally, AIG made significant debt repurchases and continued its share buyback program, reflecting a focus on capital management and returning value to shareholders. Despite ongoing challenges in the low-interest-rate environment, AIG's diversified business segments and disciplined underwriting practices position it for continued resilience and growth.

In the second quarter of 2021, American International Group, Inc. (AIG) demonstrated a significant financial turnaround compared to the prior year period. The company reported a net income attributable to common shareholders of $91 million, a substantial improvement from a net loss of $7,936 million in the second quarter of 2020. This recovery was largely driven by a significant reduction in net realized losses, particularly from derivative activities and the absence of a large loss related to the Fortitude Sale recorded in the prior year. General Insurance saw strong performance with improved loss and expense ratios, contributing to a significant increase in adjusted pre-tax income. The company is actively progressing with its strategic separation of the Life and Retirement business, announcing a definitive agreement with Blackstone to acquire a 9.9% stake in SAFG for $2.2 billion, which is expected to close in the third quarter of 2021. Additionally, AIG announced the sale of its U.S. affordable housing portfolio to BREIT for approximately $5.1 billion, expected to close in the fourth quarter of 2021. These strategic actions indicate a continued focus on streamlining operations and enhancing shareholder value.

American International Group, Inc. (AIG) reported a strong first quarter in 2021, with net income attributable to common shareholders increasing significantly to $3.87 billion, or $4.41 per diluted share, compared to $1.74 billion, or $1.98 per diluted share, in the prior year period. This improvement was driven by higher investment portfolio returns, particularly in alternative investments and fair value option equity securities, benefiting from positive equity market performance. The General Insurance segment also contributed positively with improved underwriting results, characterized by lower accident year loss ratios, disciplined underwriting, and strong premium rate increases. Life and Retirement also showed strength with lower amortization expenses related to deferred acquisition costs and reserves, aided by favorable equity market performance, although partially offset by increased mortality due to COVID-19. The company continued to execute on its strategic priorities, including the potential separation of its Life and Retirement business and the sale of certain retail mutual funds within that segment. Liquidity remains strong, with significant cash and unencumbered assets available, and the company continued its share repurchase program and paid dividends. Overall, AIG demonstrated a robust financial performance in the first quarter of 2021, signaling a positive trend driven by market recovery and strategic execution.

American International Group, Inc. (AIG) reported a net income attributable to common shareholders of $281 million, or $0.32 per diluted share, for the third quarter of 2020. This represents a significant decrease from $648 million, or $0.74 per diluted share, in the prior year's third quarter. The decline was primarily driven by net realized capital losses, particularly from derivative activities and the Fortitude Re funds withheld assets, which contrasted with net realized capital gains in the prior year. Additionally, AIG experienced higher catastrophe losses, including impacts from COVID-19 and weather-related events. Despite the decrease in net income, AIG's Adjusted Pre-Tax Income (a non-GAAP measure) increased by 51% to $975 million for the Life and Retirement segment, driven by higher investment returns and improved underwriting discipline in General Insurance. However, the nine-month year-to-date comparison showed a net loss attributable to common shareholders of $5.9 billion, compared to a net income of $2.4 billion in the prior year, largely due to the loss incurred from the sale of Fortitude Holdings, lower investment returns overall, and increased mortality and catastrophe losses. The company also announced its intention to separate its Life and Retirement business, a strategic move that will reshape its future operations.

American International Group, Inc. (AIG) reported a net loss attributable to common shareholders of $(7.9) billion, or $(9.15) per diluted share, for the second quarter of 2020. This significant loss was primarily driven by an $8.4 billion loss related to the closing of the Majority Interest Fortitude Sale. The company also experienced net realized capital losses of $(2.3) billion compared to capital gains in the prior year, lower investment returns, and higher catastrophe losses and adverse mortality due to the impact of COVID-19. Despite the quarterly loss, AIG's financial position showed an increase in total assets to $569.4 billion from $525.1 billion at the end of 2019, and total AIG shareholders' equity stood at $62.2 billion. The company also maintained a liquidity position with $15.2 billion in liquidity sources as of June 30, 2020. AIG continued its strategic focus on underwriting excellence and portfolio optimization across its General Insurance and Life and Retirement segments, with efforts to drive profitable growth and manage expenses despite challenging market conditions exacerbated by the pandemic.

American International Group, Inc. (AIG) reported its first quarter 2020 financial results on May 5, 2020. The company experienced a significant increase in net income attributable to common shareholders, driven primarily by a substantial swing from net realized capital losses in the prior year's quarter to net realized capital gains in Q1 2020. This was also supported by a lower net loss reserve discount charge. However, the company faced headwinds from lower investment returns, particularly impacted by declines in equity markets and widening credit spreads due to the COVID-19 pandemic, as well as increased catastrophe losses primarily related to the pandemic's impact and higher amortization of deferred policy acquisition costs. The company's General Insurance segment saw a decrease in adjusted pre-tax income, impacted by lower net investment income and higher catastrophe losses, though North America benefited from improved underwriting results and expense discipline. The Life and Retirement segment also experienced a decline in adjusted pre-tax income due to market volatility affecting variable annuity products and lower investment yields. Other Operations reported a higher adjusted pre-tax loss, while the Legacy Portfolio's adjusted pre-tax income turned into a loss, largely due to reduced investment earnings from legacy investments. AIG's balance sheet reflected a decrease in total assets and total equity compared to year-end 2019. The company's liquidity remained robust, with significant available capacity under its credit facilities, although it did draw down $1.3 billion from its revolving credit facility during the quarter. The company continued its capital return strategy, paying dividends and repurchasing shares.

American International Group, Inc. (AIG) reported a net income of $656 million for the third quarter of 2019, a significant improvement from a net loss of $1,259 million in the same period last year. This turnaround was driven by a combination of factors, including improved accident year losses in General Insurance due to underwriting discipline and lower catastrophe losses, a shift from net realized capital losses to gains, and a reduction in general operating expenses. The company's investments also performed well, with net investment income remaining flat year-over-year, supported by higher interest and dividend income, although offset by lower alternative investment returns. However, the Life and Retirement segment saw a slight decline in adjusted pre-tax income due to ongoing low interest rate environments impacting investment yields and higher expenses in some areas. Despite these mixed segment performances, AIG's overall financial health appears to be strengthening, reflected in an increase in book value per common share to $74.85, excluding Accumulated Other Comprehensive Income (AOCI), from $66.67 in the prior year. The company continues its strategic initiatives focused on profitable growth, underwriting excellence, and expense reduction across its core businesses.

American International Group, Inc. (AIG) reported solid financial results for the second quarter of 2019, demonstrating growth and improved profitability across its core segments. Total revenues increased to $12.6 billion, up 8% year-over-year, driven by higher net premiums written in General Insurance and increased net investment income across the company. Net income attributable to AIG common shareholders rose to $1.1 billion, a notable 18% increase, reflecting improvements in underwriting results, higher investment returns, and disciplined cost management. The General Insurance segment showed significant improvement, with adjusted pre-tax income increasing by 73% to $980 million. This was primarily due to better underwriting results, including lower accident year losses and improved expense ratios, particularly in North America. The Life and Retirement segment also saw an 8% increase in adjusted pre-tax income to $1.05 billion, driven by higher net investment income and improved performance in its alternative investments portfolio, despite ongoing challenges in the low-interest-rate environment. Overall, AIG's financial health appears robust, with total assets growing to $522.3 billion and shareholders' equity increasing to $64.5 billion.

For the first quarter ended March 31, 2019, American International Group, Inc. (AIG) reported a net income attributable to AIG of $654 million, a decrease from $938 million in the prior year period. This decline was influenced by several factors, including higher net realized capital losses and a net loss reserve discount charge compared to a benefit in the prior year, which were not fully offset by improvements in accident year losses in General Insurance, higher investment returns, and lower general operating expenses. Total revenues increased by 6% to $12.46 billion, primarily driven by growth in premiums and net investment income. However, policyholder benefits and losses incurred also rose by 18%, impacting profitability. The company's adjusted pre-tax income, a non-GAAP measure that excludes certain items like net realized capital gains/losses, increased by 52% to $1.85 billion, reflecting stronger operational performance in its core segments, particularly General Insurance. Shareholders' equity saw an increase to $60.79 billion from $56.36 billion at the end of 2018, partly due to the issuance of Series A Preferred Stock. The company also maintained a strong liquidity position with $9.67 billion in total liquidity sources as of March 31, 2019.

American International Group, Inc. (AIG) reported a net loss attributable to AIG of $(1.26 billion) for the third quarter of 2018, a significant improvement from the $(1.74 billion) net loss in the same period of 2017. This improvement was primarily driven by lower policyholder benefits and losses incurred, largely due to a substantial reduction in catastrophe losses and favorable prior year loss reserve development compared to the previous year. Additionally, net realized capital losses were reduced. However, the quarter was impacted by a net unfavorable adjustment from actuarial assumption updates and higher general operating expenses, partly due to the acquisition of Validus Holdings, Ltd. The company also saw a decline in investment income, particularly from alternative investments and securities with elected fair value options. Despite these headwinds, AIG's core businesses are showing signs of recovery, with the General Insurance segment reporting improved underwriting results year-over-year. Key financial highlights include a decrease in the consolidated combined ratio to 124.4% from 157.1% in the prior year's quarter, indicating improved underwriting performance. The company also repurchased shares and declared dividends, demonstrating a commitment to returning capital to shareholders, although total assets and equity saw fluctuations driven by business activities and market conditions.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) reported its second quarter 2018 financial results, showing a decrease in net income attributable to AIG to $937 million, down from $1.13 billion in the prior year's second quarter. This decline was primarily driven by lower investment returns on alternative investments and a decrease in income from securities with an elected fair value option due to widening credit spreads and rising interest rates. Higher general and other operating expenses also contributed to the decrease. Partially offsetting these factors were lower policyholder benefits and losses incurred, driven by favorable prior year loss reserve development, and improved net realized capital gains compared to losses in the prior year. For the six months ended June 30, 2018, net income attributable to AIG decreased to $1.875 billion from $2.315 billion in the prior year. The company also announced significant strategic developments, including the completion of its acquisition of Validus Holdings, Ltd. for approximately $5.5 billion in cash, which is expected to strengthen its General Insurance business. Additionally, AIG is progressing with its legacy portfolio restructuring, including a partial sale of its interest in DSA Re to The Carlyle Group L.P. From an investor's perspective, the company is navigating a challenging market environment characterized by low interest rates and increasing competition, which impacts annuity sales and profitability. AIG is focused on underwriting excellence, expense management, and strategic capital allocation to drive sustainable, profitable growth.

American International Group, Inc. (AIG) reported a net income attributable to AIG of $938 million, or $1.01 per diluted share, for the first quarter of 2018. This represents a decrease from the $1,185 million, or $1.18 per diluted share, reported in the first quarter of 2017. The decline was primarily driven by lower net investment income, higher losses and loss adjustment expenses in the General Insurance segment (partially offset by favorable prior year loss reserve development), and reduced adjusted pre-tax income from the Legacy Portfolio. These factors were partially offset by lower general operating and other expenses, gains on sale of divested businesses compared to losses in the prior year, and reduced net realized capital losses. Total revenues for the quarter were $11.71 billion, down from $12.63 billion in the prior year. The company's balance sheet remained substantial, with total assets of $499.14 billion and total shareholders' equity of $63.36 billion at the end of the quarter. AIG continued its capital return program, repurchasing approximately $298 million of common stock and paying a dividend of $0.32 per share. The company also raised capital through new debt issuances totaling $2.5 billion to fund general corporate purposes and the acquisition of Validus Holdings, Ltd.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) reported a net loss attributable to AIG common shareholders of $1.74 billion for the third quarter of 2017, or a loss of $1.91 per diluted share. This contrasts with a net income of $462 million, or $0.43 per diluted share, in the same period of the prior year. The significant loss was primarily driven by substantial catastrophe losses amounting to $3.0 billion pre-tax, stemming from Hurricanes Harvey, Irma, and Maria, as well as the earthquake in Mexico. Additionally, unfavorable prior year loss reserve development, particularly in the Liability and Financial Lines segment, and higher net realized capital losses contributed to the negative results. Despite these challenges, AIG continued to execute on its strategic initiatives, including cost reductions and portfolio optimization, which led to lower general operating and other expenses. The company also noted a positive net adjustment from actuarial assumption updates, partially offsetting the negative impacts. For the nine months ended September 30, 2017, AIG reported a net income attributable to common shareholders of $576 million, or $0.61 per diluted share, a significant decrease from $2.19 billion, or $1.92 per diluted share, in the same period of 2016. The year-to-date decline was also impacted by higher catastrophe losses, increased unfavorable prior year loss reserve development, and a loss on the sale of divested businesses, partly offset by lower operating expenses and improved net investment income. AIG continues to manage its capital, returning $20.3 billion to shareholders through dividends and repurchases from January 1, 2016, to September 30, 2017, and has announced plans for further organizational restructuring to streamline its operations.

American International Group, Inc. (AIG) reported its second quarter 2017 financial results, showing a net income attributable to AIG of $1.13 billion, or $1.19 per diluted share. This represents a decrease from the prior year's quarter, primarily due to net realized capital losses in the current period compared to gains in the prior year, along with a loss on the sale of divested businesses and lower net investment income. The company also saw a decrease in total revenues, driven by lower premiums and net realized capital losses. Operationally, Pre-Tax Operating Income (PTOI) increased to $2.13 billion, an improvement driven by lower general operating and other expenses, stronger performance in the Consumer Insurance segment (particularly Personal Insurance and Individual Retirement), and higher fair value gains in the Legacy Portfolio. Commercial Insurance PTOI saw a slight decline due to higher property losses and an increase in loss estimates from the prior year. The company continues to execute on its expense reduction initiatives, resulting in lower general operating expenses across segments. Capital management remained a focus, with AIG returning $6.0 billion to shareholders through share repurchases in the six months ended June 30, 2017, alongside dividends paid. The company ended the quarter with total assets of $499.8 billion and total liabilities of $425.4 billion, resulting in AIG shareholders' equity of $73.7 billion.

American International Group, Inc. (AIG) reported a significant turnaround in its financial performance for the first quarter of 2017, with net income attributable to AIG reaching $1.185 billion ($1.18 per diluted share), a substantial improvement from a net loss of $183 million ($0.16 per diluted share) in the prior year's quarter. This rebound was largely driven by a significant increase in net investment income and a reduction in general operating and other expenses. The company also saw a considerable decrease in net realized capital losses. Operationally, Commercial Insurance's pre-tax operating income increased due to higher net investment income and lower general operating expenses, though this was partially offset by lower net premiums written and an increase in the combined ratio. Consumer Insurance also showed strong growth in pre-tax operating income, benefiting from higher net investment income and improved operational efficiencies. The Legacy Portfolio shifted from a loss to a significant pre-tax operating income, primarily due to fair value gains on certain investments. The company continued its strategy of capital return to shareholders, repurchasing $3.6 billion of common stock and paying a $0.32 per share dividend.

American International Group, Inc. (AIG) reported a mixed financial performance for the quarter and nine months ended September 30, 2016. Total revenues remained relatively stable year-over-year for the quarter, but declined for the nine-month period. Net income attributable to AIG saw a significant rebound in the quarter, moving from a net loss of $231 million in the prior year to a net income of $462 million, driven by improvements in insurance operations and higher investment income. However, for the nine-month period, net income attributable to AIG decreased to $2.2 billion from $4.0 billion in the prior year, impacted by lower investment income, an underwriting loss in Commercial Insurance, and increased net realized capital losses. The company continued its strategic divestiture program, entering into agreements to sell United Guaranty and Ascot, and completing the sale of NSM Insurance Group. These actions are part of AIG's ongoing effort to streamline operations and focus on more profitable segments. Commercial Insurance faced challenges with increased catastrophe losses and adverse prior year development, leading to an underwriting loss for the quarter and year-to-date. Consumer Insurance, however, showed improved pre-tax operating income, particularly in Retirement and Life segments, driven by favorable actuarial assumption updates and investment performance. Corporate and Other reported a higher operating loss, largely due to a significant loss recognition expense in Institutional Markets related to payout annuities. The company's investment portfolio saw an increase in net unrealized gains due to declining interest rates and narrowing credit spreads. AIG also continued its capital return initiatives, repurchasing a substantial amount of its common stock and paying dividends.

American International Group, Inc. (AIG) reported mixed results for the second quarter of 2016. While the company saw an increase in net income attributable to AIG shareholders, driven by higher net realized capital gains and lower extinguishment of debt charges, the overall operating performance saw a decline. Commercial Insurance experienced a significant decrease in pre-tax operating income, largely due to underwriting losses in Property Casualty, impacted by higher catastrophe losses and a net loss reserve discount charge. Consumer Insurance, however, showed an increase in pre-tax operating income, boosted by improved underwriting results in Personal Insurance and more favorable mortality in Life, though lower investment income from alternative investments presented a challenge. The company continued its strategic focus on improving operational efficiency and returning capital to shareholders, demonstrated by significant share repurchases during the period. Investors should note the ongoing impact of low interest rates and currency volatility on the business.

American International Group, Inc. (AIG) reported a net loss of $183 million, or $(0.16) per diluted share, for the first quarter of 2016. This contrasts sharply with a net income of $2,468 million, or $1.78 per diluted share, in the prior year's first quarter. The significant decline was primarily driven by a substantial decrease in net investment income, particularly from alternative investments and lower reinvestment yields, alongside net realized capital losses compared to net realized capital gains in the prior year. The company also incurred restructuring and other costs amounting to $0.2 billion. Despite the net loss, the company's core operating segments showed mixed results. Commercial Insurance reported a pre-tax operating income of $889 million, down from $1,462 million in Q1 2015, largely due to lower net investment income. Consumer Insurance's pre-tax operating income also decreased to $788 million from $945 million, impacted by lower net investment income and higher deferred acquisition cost amortization. The company repurchased $3.5 billion of its common stock and $173 million in warrants during the quarter, signaling a commitment to returning capital to shareholders, while also paying a quarterly dividend of $0.32 per share.

For the quarter ended September 30, 2015, American International Group, Inc. (AIG) reported a net loss attributable to AIG of $231 million, or $(0.18) per diluted share, a significant decrease from the net income of $2,192 million, or $1.52 per diluted share, in the same period of the prior year. This decline was primarily driven by lower net investment income across all segments, particularly in alternative investments, and unfavorable adjustments in actuarial assumptions within the Consumer Insurance segment. Additionally, the company incurred substantial restructuring costs and experienced lower net realized capital gains compared to the prior year. Despite these headwinds, AIG continued its strategic focus on simplifying operations, improving technology, and enhancing customer value, while also actively managing its capital through share repurchanches and dividends. The Commercial Insurance segment saw a decline in pre-tax operating income due to lower net investment income and underwriting results, while Consumer Insurance also experienced a significant drop in pre-tax operating income attributed to reduced investment income and less favorable actuarial adjustments. The company's investment portfolio performance was impacted by lower hedge fund returns and lower reinvestment yields, contributing to the overall decrease in net investment income. AIG remains committed to its long-term strategic priorities of improving intrinsic value and sustainable profitability.

This filing is an amendment to American International Group, Inc.'s (AIG) Quarterly Report on Form 10-Q for the period ended June 30, 2015. The amendment's sole purpose is to file the XBRL (eXtensible Business Reporting Language) data associated with the original 10-Q, which was inadvertently omitted due to a technical error. No substantive changes to the financial information or disclosures have been made in this amendment. Investors should refer to the original Form 10-Q filed on August 3, 2015, for the company's financial performance and operational details for the second quarter of 2015.

For the second quarter of 2015, American International Group, Inc. (AIG) reported a net income of $1.80 billion, or $1.32 per diluted share, a decrease from $3.07 billion, or $2.10 per diluted share, in the same period of the prior year. This decline was primarily driven by lower net investment income across segments, increased policyholder benefits and losses incurred in Commercial Insurance, and higher general operating and other expenses. Notably, the company's Commercial Insurance segment experienced a decline in pre-tax operating income, impacted by lower underwriting income in Property Casualty and Mortgage Guaranty, and reduced net investment income in Institutional Markets. Consumer Insurance also saw a decrease in pre-tax operating income, mainly due to less favorable mortality experience in Life and lower base net investment income, though this was partially offset by growth in Retirement segment fees. AIG continued its capital return strategy, repurchasing $3.7 billion of its common stock during the first half of the year and paying dividends, signaling management's confidence in ongoing financial strength.

American International Group, Inc. (AIG) reported solid financial results for the first quarter ended March 31, 2015. The company demonstrated improved underwriting performance in its Commercial Insurance segment, driven by better results in Property Casualty and Mortgage Guaranty, which offset a slight decrease in net investment income. The Consumer Insurance segment, however, saw a decline in pre-tax operating income primarily due to lower net investment income and increased operating expenses, despite growth in policy fees driven by higher assets under management. Overall, AIG's net income attributable to AIG increased significantly to $2.47 billion, or $1.78 per diluted share, compared to $1.61 billion, or $1.09 per diluted share, in the prior year's first quarter. This improvement was largely driven by substantial net realized capital gains, which more than compensated for a decline in net investment income across the company. The company also continued its capital return initiatives, repurchasing approximately $1.4 billion of its common stock during the quarter and maintaining its dividend payment. AIG's liquidity and capital position remained robust, with strong cash flows from operations and a significant available capacity under its credit facilities.

American International Group, Inc. (AIG) reported solid financial performance for the quarter and nine months ended September 30, 2014, demonstrating a recovery and focus on core insurance businesses. The company's total revenues increased to $16.65 billion for the quarter and $48.87 billion year-to-date, driven by growth in net investment income and policy fees, although aircraft leasing revenue decreased due to the sale of ILFC. Income from continuing operations was $2.20 billion for the quarter and $6.86 billion year-to-date, with net income attributable to AIG of $2.19 billion and $6.87 billion, respectively. The company also made significant progress on its capital management initiatives, including debt reduction and substantial share repurchases, signaling a commitment to returning value to shareholders. Key highlights include a strong improvement in AIG Property Casualty's pre-tax operating income, driven by better loss experience and higher net investment income, and a notable increase in AIG Life and Retirement's pre-tax operating income due to growth in assets under management and higher alternative investment income. The company's strategic focus on customer value, disciplined underwriting, and operational efficiencies is reflected in these results, positioning AIG for continued growth and profitability.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) reported a strong second quarter for 2014, driven by improved profitability in its Property Casualty segment and solid performance from its Life and Retirement division. The company saw a significant year-over-year increase in income from continuing operations, primarily due to lower catastrophe losses and favorable loss reserve development in Property Casualty, which offset an increase in severe losses. Life and Retirement benefited from higher fee income stemming from growth in assets under management, though net investment income was impacted by lower yields and strong prior-year alternative investment returns. The sale of International Lease Finance Corporation (ILFC) was completed, generating substantial cash proceeds and AerCap shares, contributing to a notable gain in "Other Operations." AIG also continued its capital return program, repurchasing shares and paying dividends, signaling management's confidence in the company's financial health and future prospects.

For the first quarter of 2014, American International Group, Inc. (AIG) reported a decrease in net income attributable to AIG to $1.61 billion ($1.09 per diluted share) from $2.21 billion ($1.49 per diluted share) in the first quarter of 2013. This decline was primarily driven by lower income from continuing operations, impacted by an underwriting loss in the AIG Property Casualty segment due to higher catastrophe and severe losses, adverse prior year development, and lower net investment income. AIG Life and Retirement showed growth in assets under management and an improvement in pre-tax operating income, driven by strong sales and effective spread management, though pre-tax income was impacted by net realized capital losses. AIG continued to focus on capital management, repurchasing approximately $867 million of its common stock and paying a quarterly dividend of $0.125 per share. The company also made significant progress in debt reduction, lowering its debt by $3.1 billion during the quarter. The sale of International Lease Finance Corporation (ILFC) was on track for a second-quarter 2014 closing. Key strategic priorities for 2014 included customer focus, profitable growth in core insurance businesses, enhancing investment yields, efficient capital management, and completing the ILFC divestiture. The company faced ongoing market challenges, including low interest rates and currency volatility, but was actively managing its investment portfolio and product offerings to mitigate these impacts.

American International Group, Inc. (AIG) reported a net income of $2.17 billion for the third quarter of 2013, a 17% increase from $1.86 billion in the same period of the previous year. This growth was driven by improved underwriting results in the AIG Property Casualty segment and higher fee income and spread management in AIG Life and Retirement. The company continued to strengthen its financial position by reducing debt by $7.6 billion in the first nine months of 2013 and authorized a $1.0 billion share repurchase program. However, net investment income saw a decline compared to the prior year, mainly due to gains recognized in 2012 from previous investments and lower returns on alternative investments in the current quarter. AIG is actively managing its businesses, including the ongoing pursuit of monetizing its interest in International Lease Finance Corporation (ILFC). The company also reported progress in streamlining its legal entity structure and managing its investment portfolio to enhance yields while maintaining credit quality. Despite ongoing market challenges such as low interest rates, AIG's strategic initiatives and operational efficiencies are yielding positive results, particularly in its core insurance operations.

American International Group, Inc. (AIG) reported a strong second quarter in 2013, with net income attributable to AIG increasing by 17% year-over-year to $2.73 billion. This growth was driven by improved operating performance across its core segments, particularly AIG Property Casualty and AIG Life and Retirement, which saw significant increases in pre-tax income. The company also made substantial progress on its strategic priorities, including reducing debt by $5.6 billion, which is expected to lower annual interest expenses by approximately $213 million. AIG Property Casualty demonstrated improved underwriting results with a lower accident year combined ratio, as adjusted, attributed to strategic initiatives, pricing improvements, and better risk selection. AIG Life and Retirement benefited from strong sales in retirement income solutions and improved investment income from alternative investments. The company also announced a cash dividend and a share repurchase program, signaling confidence in its financial health and commitment to returning capital to shareholders. However, AIG continues to manage legacy issues, including ongoing litigation and the eventual sale of its stake in International Lease Finance Corporation (ILFC).

In the first quarter of 2013, AMERICAN INTERNATIONAL GROUP, INC. (AIG) demonstrated improved financial performance, with a notable increase in pre-tax income from its core insurance operations, AIG Property Casualty and AIG Life and Retirement. The company reported a net income attributable to AIG of $2.206 billion, or $1.49 per diluted share, a decrease from the prior year's $3.208 billion, primarily due to the absence of significant one-time gains from asset liquidations seen in Q1 2012. However, operating income showed strength, driven by improved underwriting results in Property Casualty, benefiting from rate increases and disciplined risk selection, and by AIG Life and Retirement's proactive management of spread income in a low interest rate environment and growth in alternative investments. The company also continued its strategic debt reduction initiatives, significantly lowering its debt by $2.9 billion through redemptions and tender offers, which is expected to reduce annual interest expense by approximately $165 million. AIG's balance sheet remains strong, with total equity increasing and a focus on capital efficiency and streamlining legal entities to enhance operational performance and regulatory transparency.

American International Group, Inc. (AIG) reported a significant turnaround in its financial performance for the nine months ended September 30, 2012, compared to the same period in 2011. Income from continuing operations before income taxes surged to $8.9 billion, a substantial improvement from a loss of $3.8 billion in the prior year. This turnaround was driven by strong performance across its core segments, particularly AIG Property Casualty and AIG Life and Retirement, which benefited from lower catastrophe losses, improved underwriting, and favorable investment income. The company also made significant progress in deleveraging and strengthening its capital position. Notably, AIG paid down the outstanding preferred interests held by the Department of the Treasury and completed multiple public offerings of its common stock, significantly reducing the Treasury's ownership. The company continues to focus on core business growth, streamlining operations, and strategically managing its capital. While Hurricane Sandy's impact is yet to be quantified, the overall trend shows a company regaining financial stability and operational efficiency.

For the second quarter of 2012, American International Group, Inc. (AIG) demonstrated a solid recovery, reporting total revenues of $17.12 billion, a 3% increase year-over-year, driven by growth in net investment income and improved gains from trading securities. Net income attributable to AIG rose significantly to $2.33 billion, a 27% increase from the prior year, largely due to a substantial reduction in losses from discontinued operations and a stronger performance in continuing operations. The company continued its efforts to de-risk and improve its capital structure, notably through share repurchases and the paydown of preferred interests. The divestiture of AIA shares also contributed to a stronger balance sheet. Key segments like Chartis and SunAmerica showed improved operating income, reflecting effective risk management and strategic shifts towards higher-margin businesses. Chartis, the property and casualty insurance arm, benefited from lower catastrophe losses and improved underwriting, although increased acquisition costs and strategic investments impacted its expense ratio. SunAmerica, focused on life and retirement services, saw growth driven by variable annuities and improved investment income, despite headwinds from low interest rates. The company is actively managing its investment portfolio and addressing regulatory matters, including potential designation as a Systemically Important Financial Institution (SIFI).

American International Group, Inc. (AIG) reported a profitable first quarter in 2012, with net income attributable to AIG of $3.21 billion, a significant increase from $1.30 billion in the prior year period. This improvement was driven by a substantial increase in net investment income, a reduction in policyholder benefits and claims, and a significant decrease in losses related to the extinguishment of debt. The company also benefited from the sale of its stake in AIA Group Limited, which generated substantial proceeds. The company's core insurance operations, particularly Chartis, showed signs of recovery with reduced catastrophe losses and improved underwriting results, although the expense ratio increased due to strategic investments and business mix changes. SunAmerica also demonstrated resilience, with growth in variable annuity sales and improved operating income, despite ongoing low interest rate impacts. The company continued its deleveraging efforts and returned capital to shareholders through share repurchases, while also managing its extensive legal and regulatory matters.

For the third quarter of 2011, AMERICAN INTERNATIONAL GROUP, INC. (AIG) reported a significant net loss of $4.1 billion, primarily driven by substantial decreases in net investment income and realized capital gains, as well as higher aircraft leasing expenses and ongoing restructuring efforts. Despite a material reduction in interest expense following the repayment of the FRBNY Credit Facility and lower premiums due to divestitures, the company's financial performance was impacted by several factors including substantial catastrophe losses within Chartis, increased impairment charges and fair value adjustments on aircraft leasing, and negative fair value adjustments on investments. The company continues to make progress on its asset disposition plan and recapitalization efforts, which are aimed at strengthening its financial position. AIG remains focused on managing its capital, growing its core businesses, and deleveraging its balance sheet.

American International Group, Inc. (AIG) reported improved financial results for the second quarter and first half of 2011, largely driven by the successful completion of its recapitalization and significant progress in its asset disposition plan. The company repaid its Federal Reserve Bank of New York credit facility and reduced its outstanding debt. Revenue saw a decrease primarily due to the deconsolidation of AIA, but excluding this impact, premiums grew, particularly in the Chartis segment, which also benefited from the acquisition of Fuji. SunAmerica also showed growth in its annuity and mutual fund businesses. Financial Services, particularly ILFC, experienced a challenging period with lower revenues and increased expenses, although strategic initiatives aim to improve this segment's performance. AIG reported a substantial net income attributable to AIG shareholders for the period, a significant turnaround from the prior year's loss, reflecting the ongoing recovery and strategic repositioning of the company. The company continues to focus on strengthening its businesses, managing capital, and investing for growth.

American International Group, Inc. (AIG) reported a net income of $269 million for the first quarter of 2011, a significant decrease from $1.783 billion in the same period of 2010. This decline was heavily influenced by a substantial $3.3 billion loss on extinguishment of debt related to the repayment of the Federal Reserve Bank of New York credit facility, a key component of AIG's recapitalization efforts. Despite the reported net loss, the company has made substantial progress in its restructuring and deleveraging initiatives. This includes the completion of a major recapitalization on January 14, 2011, which involved repaying the FRBNY credit facility and exchanging preferred stock with the Treasury for AIG common stock. Additionally, AIG continued to execute its asset disposition plan with the sale of its Japanese life insurance subsidiaries and MetLife securities, generating significant proceeds used to further reduce debt and preferred interests held by the Department of the Treasury. Chartis, AIG's property and casualty business, experienced a significant underwriting loss primarily due to catastrophe losses, notably the Tohoku earthquake and tsunami, which resulted in $1.3 billion in claims. SunAmerica and Financial Services segments showed improved operating income and pre-tax income, respectively. SunAmerica's retirement services business saw strong deposit growth, while Financial Services benefited from lower aircraft impairment charges and improved Capital Markets derivative valuations. Investors should note the significant impact of ongoing divestitures and restructuring on AIG's reported earnings, with a focus on the core operational performance of its continuing businesses.

This filing is an amendment to AIG's Quarterly Report on Form 10-Q for the period ended September 30, 2010. The primary purpose of this amendment is to refile Exhibit 10.3, a Settlement Term Sheet dated July 1, 2010, related to the "In re AIG Securities Litigation." The original filing had omitted certain information from this exhibit under a request for confidential treatment, and this amendment provides a revised version restoring that information. All other sections of the original 10-Q remain unaffected.

American International Group, Inc. (AIG) reported its third-quarter and nine-month results for the period ending September 30, 2010. The company is navigating a significant period of restructuring and recapitalization, aiming to repay obligations to the Federal Reserve Bank of New York (FRBNY) and the U.S. Treasury. Key events during the period include progress on the sale of subsidiaries like ALICO and AIA, which are expected to generate substantial proceeds contributing to debt repayment. The financial statements reveal a net loss attributable to AIG for the nine months ended September 30, 2010, driven by various impairments and restructuring charges. However, the company is showing signs of operational improvement in its General Insurance and Domestic Life Insurance segments, with pre-tax income increasing in these areas. The Financial Services segment, particularly Capital Markets, continues to face challenges, reflected in significant unrealized losses and wind-down costs. AIG's liquidity remains dependent on government support, but management expresses confidence in its ability to meet obligations over the next twelve months, contingent on the successful completion of its recapitalization and asset disposition plans. Investors should closely monitor the progress of these strategic initiatives and their impact on the company's financial stability and future profitability.