01—Abstract
Summary
Summary of the 8-K filed November 3, 2026. Cited figures are marked; the original filing is the authoritative source.
American International Group (AIG) reported strong third-quarter 2026 results, showcasing significant growth and improved profitability.
Net premiums written (NPW) in General Insurance increased by 7%a year-over-year (8% on a constant dollar basis), driven by robust performance in both Global Commercial and Global Personal segments. The company maintained solid underwriting discipline, with a General Insurance combined ratio of 91.3% and an accident year combined ratio, excluding catastrophes, of 88.4%. Key financial indicators also showed positive trends.
Diluted net income per share rose to $1.60b from $0.93 in the prior year quarter, and Adjusted After-Tax Income (AATI) per diluted share was $2.06. The company reported a Return on Equity (ROE) of 8.5% and a Core Operating ROE of 11.1%.
AIG demonstrated a commitment to shareholder returns by repurchasing $527 millionc of its stock and distributing $260 million in dividends. Furthermore, the Board of Directors declared a quarterly cash dividend of $0.50 per share.
02—Key points
Key Highlights
- General Insurance net premiums written (NPW) increased 7% year-over-year to $6.7 billion, driven by 7% growth in Global Commercial and 9% in Global Personal.
- General Insurance combined ratio improved to 91.3%, with an accident year combined ratio excluding catastrophes at a strong 88.4%.
- Net income per diluted share was $1.60, a significant increase from $0.93 in the prior year quarter.
- Adjusted After-Tax Income (AATI) per diluted share was $2.06, reflecting solid operational profitability.
- Return on Equity (ROE) stood at 8.5%, with Core Operating ROE at 11.1%, indicating effective capital deployment.
- AIG returned $787 million to shareholders in the quarter through $527 million in share repurchases and $260 million in dividends.
- The Board of Directors declared a quarterly cash dividend of $0.50 per share, payable on December 30, 2026.
03—Questions
Frequently Asked Questions
What were the primary drivers of AIG's premium growth in the third quarter?
AIG's General Insurance net premiums written (NPW) grew by 7% year-over-year (8% on a constant dollar basis). This growth was broad-based, driven by strong performance in both the Global Commercial Insurance (up 7%) and Global Personal Insurance (up 9%) businesses.
How did AIG's underwriting performance fare in the third quarter?
AIG reported a General Insurance combined ratio of 91.3%, which indicates profitability. The accident year combined ratio, excluding catastrophe losses, was a robust 88.4%. Underwriting income for General Insurance was $564 million, supported by higher earned premiums and strong accident year results, despite a notable increase in catastrophe-related charges compared to the prior year.
What is the outlook for shareholder returns, including dividends?
AIG demonstrated a strong commitment to returning capital to shareholders by repurchasing $527 million of common stock and paying $260 million in dividends during the third quarter, totaling $787 million. Additionally, the Board of Directors declared a quarterly cash dividend of $0.50 per share, signaling continued confidence in the company's financial health and cash flow generation.
How did AIG's key profitability metrics, such as Net Income and AATI, perform?
Net income attributable to AIG common shareholders was $844 million, resulting in $1.60 per diluted share, a significant improvement from $519 million ($0.93 per diluted share) in the prior year quarter. Adjusted After-Tax Income (AATI) per diluted share was $2.06, compared to $2.20 in the prior year quarter, reflecting strong operational performance though slightly impacted by lower underwriting income and Other Operations net investment income.
04—Continue