Jun 2026 (Q2 FY26) — Aug 7, 2026
American International Group, Inc. Q2 FY26 — Strong Underwriting and Capital Returns Amidst Market Transition
Read the full callAmerican International Group (AIG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
American International Group earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7,085 | −0.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
20 of 24 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Corebridge stake sell-down | Sell down remaining position | Dec 2025 | In May, we sold approximately 25 million shares of Core Bridge common stock for $710 million, which was the remainder of our holdings. This sale marks the culmination of our 5-year separation process and a significant milestone as we've transformed into a focused global property and casualty insurer. | Achieved |
| AIG underwriter assistance rollout (NA, UK, EMEA Commercial) | Introduce | Jun 2025 | As we have scaled underwriting by AIG Assist and claims by AIG Assist, our operational results remain strong and consistent. Where deployed, our underwriters are reviewing more submissions and generating significantly faster, improving their productivity. | On Track |
4 of AMERICAN INTERNATIONAL GROUP, INC.'s 41 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Adjusted after-tax income per diluted share increased 10% year-over-year to $2.
- Underwriting income grew 10% year-over-year to $686 million.
- The accident year combined ratio, as adjusted, improved 30 basis points to 88.1%.
- Net premiums written increased 9% (11% excluding North American Property) reflecting organic growth and strategic transactions.
- Returned $904 million in capital to shareholders, including $641 million in share repurchases and $263 million in dividends.
Qualified
- Competitive pricing pressure in certain lines like property, leading to a 9 percentage point reduction in premium retention at Lexington Property.
- International Commercial renewal pricing declined 6% and Global energy store pricing decreased 15%.
- Total catastrophe charges were $210 million, including $75 million in net losses related to the Middle East conflict.
- Alternative investment income declined to $13 million from $48 million in the prior year quarter, due to an $8 million loss in private equity.
- Social inflation is not seen as moderating and is not being built into pricing assumptions.
Price
$80.66 −0.10% · −$0.08
Performance +4.3% 1Y
1Y: $77.36 on 17 Oct 2025 → $80.66. High $86.59 (23 Dec 2025), low $71.89 (21 Jan 2026).
- Previous close
- $80.74
- 52-week range
- $71.89 – $86.59
- One year
- +3.82%
Overview
- Symbol
- AIG
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
20 of 24 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Corebridge stake sell-down | Sell down remaining position | Dec 2025 | In May, we sold approximately 25 million shares of Core Bridge common stock for $710 million, which was the remainder of our holdings. This sale marks the culmination of our 5-year separation process and a significant milestone as we've transformed into a focused global property and casualty insurer. | Achieved |
| AIG underwriter assistance rollout (NA, UK, EMEA Commercial) | Introduce | Jun 2025 | As we have scaled underwriting by AIG Assist and claims by AIG Assist, our operational results remain strong and consistent. Where deployed, our underwriters are reviewing more submissions and generating significantly faster, improving their productivity. | On Track |
Claimed
- Adjusted after-tax income per diluted share increased 10% year-over-year to $2.
- Underwriting income grew 10% year-over-year to $686 million.
- The accident year combined ratio, as adjusted, improved 30 basis points to 88.1%.
- Net premiums written increased 9% (11% excluding North American Property) reflecting organic growth and strategic transactions.
- Returned $904 million in capital to shareholders, including $641 million in share repurchases and $263 million in dividends.
Qualified
- Competitive pricing pressure in certain lines like property, leading to a 9 percentage point reduction in premium retention at Lexington Property.
- International Commercial renewal pricing declined 6% and Global energy store pricing decreased 15%.
- Total catastrophe charges were $210 million, including $75 million in net losses related to the Middle East conflict.
- Alternative investment income declined to $13 million from $48 million in the prior year quarter, due to an $8 million loss in private equity.
- Social inflation is not seen as moderating and is not being built into pricing assumptions.
The full ledger
Open AMERICAN INTERNATIONAL GROUP, INC.’s full ledger
A free account opens 5 company ledgers a month. All 41 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 1, 2026
AIG Q1 FY26 — strongest first quarter of the Zaffino era with 18% NPW growth and 87.3% combined ratio
Read the full callSep 2025 (Q3 FY25) — Nov 5, 2025
American International Group, Inc. Q3 FY25 — Strong Profitability and Strategic Capital Deployment
Read the full callEvery analysed call
American International Group earnings calls (AIG)
Financials
What the filings say
Net profit, year on year: −18% (quarter to dec 2025 against dec 2024).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,751 | 7,177 | 6,783 | 7,091 | 6,351 | 6,550 | 6,650 | 7,085 |
| Interest | 112 | 109 | 92 | 100 | 99 | 105 | 100 | 100 |
| Profit before tax | 649 | 1,546 | 960 | 1,544 | 714 | 661 | 987 | 1,264 |
| Tax rate | 25.9% | 38.8% | 27.3% | 25.9% | 26.6% | −10.6% | 22.7% | 25.0% |
| Net profit | 459 | 898 | 698 | 1,144 | 519 | 735 | — | — |
| EPS ($ per share) | 0.72 | — | 1.18 | 2 | 0.94 | — | 1.42 | 1.79 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | — | — |
| Reserves | 20,884 | 23,084 | 15,504 | 23,785 | 34,893 | 37,516 | 35,079 | 37,186 |
| Total liabilities | 434,675 | 457,637 | 519,282 | 527,200 | 478,774 | 488,005 | 118,772 | 120,092 |
| Fixed assets | 2,172 | 1,953 | 1,840 | 1,840 | 1,153 | 1,132 | 1,116 | 1,369 |
| Investments | 9,674 | 13,230 | — | — | — | — | — | — |
| Total assets | 491,984 | 525,064 | 586,481 | 596,112 | 522,228 | 539,306 | 161,322 | 161,254 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -394 | -1,807 | 1,038 | 6,223 | 4,134 | 6,243 | 3,273 | 3,314 |
| Cash from investing | -223 | -5,475 | -6,202 | -3,280 | -3,626 | -7,021 | 1,672 | 3,190 |
| Cash from financing | 1,249 | 7,258 | 5,058 | -3,679 | -602 | 782 | -5,063 | -6,543 |
| Net cash flow | 621 | -8 | -57 | -803 | -211 | -9 | -201 | -27 |
| Capital expenditure | -368 | -304 | -353 | -343 | -210 | -240 | — | — |
| Free cash flow | -762 | -2,111 | 685 | 5,880 | 3,924 | 6,003 | — | — |
AIG revenue by segment
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | YoY growth latest quarter |
|---|---|---|---|---|
| General Insurance | 52% | 99% | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
AIG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Policy retention rate Global Commercial | 88%Global commercial retention remained very strong at 88%.Source: earnings call transcript | 88%In Global Commercial, retention was 88% and new business, including our strategic transactions, was $1.9 billion, a year-over-year increase of 37%.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
56 filings between Oct 21, 2025 and Oct 16, 2026.
Open market
decisions to buy or sellPurchases
$1.7K
2 purchases by 2 insiders
Sales
$18.10M
3 sales by 1 insider
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Zaffino Peter | — | $18.10M | Aug 13, 2026 |
| Inglis John C | $1.2K | — | Dec 30, 2025 |
| Walsh Keith | $467 | — | Dec 30, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 16, 2026 | Dandridge Edward Lee EVP, Chief Marketing & Comms | Option exercise | 2,813 | $0 |
| Oct 16, 2026 | Dandridge Edward Lee EVP, Chief Marketing & Comms | Tax withheld | 1,437 | $116.0K |
| Oct 1, 2026 | Twiningdavis Melissa EVP, Chief Ops & Admin Officer | Tax withheld | 2,191 | $165.3K |
| Sep 8, 2026 | Bewlay Nancy M EVP, Chief Underwriting Off | Award | 55,284 | $0 |
| Aug 13, 2026 | Zaffino Peter Executive Chair | Sale 10b5-1 plan | 200 | $15.4K |
| Aug 13, 2026 | Zaffino Peter Executive Chair | Sale 10b5-1 plan | 36,629 | $2.79M |
| Aug 12, 2026 | Zaffino Peter Executive Chair | Sale 10b5-1 plan | 200,000 | $15.29M |
| Jul 27, 2026 | Schaper Christopher EVP, Chief Risk Officer | Tax withheld | 2,476 | $196.0K |
| Jun 3, 2026 | Lafnitzegger Kelly EVP, Chief HR Officer | Tax withheld | 549 | $39.8K |
| Apr 1, 2026 | Navagamuwa Roshan EVP, Chief Info. Officer | Tax withheld | 10,059 | $760.1K |
| Apr 1, 2026 | Navagamuwa Roshan EVP, Chief Info. Officer | Option exercise | 19,704 | $0 |
| Mar 3, 2026 | Fry Charles EVP, Reinsur & Risk Cap Optim | Tax withheld | 12,744 | $1.03M |
| Mar 3, 2026 | Glazer Rose Marie E. EVP, General Counsel | Tax withheld | 11,753 | $946.0K |
| Mar 3, 2026 | Hancock Jonathan EVP & CEO, Int'l Insurance | Tax withheld | 13,259 | $1.07M |
| Mar 3, 2026 | Navagamuwa Roshan EVP, Chief Info. Officer | Tax withheld | 1,874 | $150.8K |
| Mar 3, 2026 | Carbone Kathleen VP & Chief Accounting Officer | Tax withheld | 6,823 | $549.2K |
| Mar 3, 2026 | Walsh Keith EVP and CFO | Tax withheld | 1,405 | $113.1K |
| Mar 3, 2026 | Lafnitzegger Kelly EVP, Chief HR Officer | Tax withheld | 702 | $56.5K |
| Mar 3, 2026 | Dandridge Edward Lee EVP, Chief Marketing & Comms | Tax withheld | 1,171 | $94.3K |
| Mar 3, 2026 | Twiningdavis Melissa EVP, Chief Admin Officer | Tax withheld | 657 | $52.9K |
| Mar 3, 2026 | Schaper Christopher EVP, Chief Risk Officer | Tax withheld | 10,857 | $873.9K |
| Mar 3, 2026 | Zaffino Peter Chairman & CEO | Tax withheld | 134,150 | $10.80M |
| Feb 21, 2026 | Schaper Christopher EVP, Chief Risk Officer | Option exercise | 2,365 | $0 |
| Feb 21, 2026 | Hancock Jonathan EVP & CEO, Int'l Insurance | Option exercise | 6,490 | $0 |
| Feb 21, 2026 | Fry Charles EVP, Reinsur & Risk Cap Optim | Option exercise | 2,108 | $0 |
| Feb 21, 2026 | Glazer Rose Marie E. EVP, General Counsel | Option exercise | 1,623 | $0 |
| Feb 21, 2026 | Carbone Kathleen VP & Chief Accounting Officer | Option exercise | 2,109 | $0 |
| Feb 17, 2026 | Carbone Kathleen VP & Chief Accounting Officer | Award | 8,108 | $0 |
| Feb 17, 2026 | Carbone Kathleen VP & Chief Accounting Officer | Award | 5,090 | $0 |
| Feb 17, 2026 | Dandridge Edward Lee EVP, Chief Marketing & Comms | Award | 3,243 | $0 |
| Feb 17, 2026 | Andersen Eric President & CEO Elect | Award | 30,812 | $0 |
| Feb 17, 2026 | Schaper Christopher EVP, Chief Risk Officer | Award | 5,838 | $0 |
| Feb 17, 2026 | Zaffino Peter Chairman & CEO | Award | 274,163 | $0 |
| Feb 17, 2026 | Schaper Christopher EVP, Chief Risk Officer | Award | 22,845 | $0 |
| Feb 17, 2026 | Glazer Rose Marie E. EVP, General Counsel | Award | 15,665 | $0 |
| Feb 17, 2026 | Hallworth Scott EVP, Chief Digital Officer | Award | 5,189 | $0 |
| Feb 17, 2026 | Walsh Keith EVP and CFO | Award | 8,108 | $0 |
| Feb 17, 2026 | Twiningdavis Melissa EVP, Chief Admin Officer | Award | 5,675 | $0 |
| Feb 17, 2026 | Lafnitzegger Kelly EVP, Chief HR Officer | Award | 5,675 | $0 |
| Feb 17, 2026 | Hancock Jonathan EVP & CEO, Int'l Insurance | Award | 16,360 | $0 |
| Feb 17, 2026 | Hancock Jonathan EVP & CEO, Int'l Insurance | Award | 15,673 | $0 |
| Feb 17, 2026 | Fry Charles EVP, Reinsur & Risk Cap Optim | Award | 7,083 | $0 |
| Feb 17, 2026 | Fry Charles EVP, Reinsur & Risk Cap Optim | Award | 20,363 | $0 |
| Feb 17, 2026 | Navagamuwa Roshan EVP, Chief Info. Officer | Award | 5,189 | $0 |
| Feb 17, 2026 | Glazer Rose Marie E. EVP, General Counsel | Award | 10,540 | $0 |
| Feb 16, 2026 | Andersen Eric President & CEO Elect | Award | 155,588 | $0 |
| Feb 2, 2026 | Walsh Keith EVP and CFO | Tax withheld | 4,540 | $335.6K |
| Jan 5, 2026 | Navagamuwa Roshan EVP, Chief Info. Officer | Award | 11,657 | $0 |
| Jan 5, 2026 | Carbone Kathleen VP & Chief Accounting Officer | Award | 5,828 | $0 |
| Dec 30, 2025 | Walsh Keith EVP and CFO | Purchase | 5 | $467 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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