American International Group, Inc.
- Open
- 76.39
- Day high
- 77.44
- Day low
- 76.39
- Prev close
- 76.13
- Volume
- 236K
- Mkt cap
- $40.2B
- P/E (TTM)
- 13.9
- EPS (TTM)
- $5.51
- P/B
- 1.0
- P/S
- 1.5
- Yield
- 2.41%
- Per share
- $1.85
- ▼Insiders net selling -$18.1M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
American International Group, Inc. (AIG) is a Financial Services company listed on NYSE. The stock is down 6% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 2 published research articles covering AIG.
American International Group, Inc. (AIG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AIG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 7, 2026 | $1.92 | $2.00 | +4.2% | $7.1B | -2.2% |
| May 1, 2026 | $1.89 | $2.11 | +11.6% | $6.8B | -3.6% |
| Nov 4, 2025 | $1.72 | $2.20 | +27.9% | $6.4B | -6.0% |
| May 1, 2025 | $1.00 | $1.17 | +17.0% | $6.8B | -0.7% |
| Jul 31, 2024 | $1.32 | $1.16 | -12.1% | $6.6B | -43.4% |
| May 1, 2024 | $1.65 | $1.77 | +7.3% | $12.6B | +8.3% |
| Feb 13, 2024 | $1.64 | $1.79 | +9.1% | $10.0B | -14.1% |
| Nov 1, 2023 | $1.55 | $1.61 | +3.9% | $7.3B | -42.0% |
| Aug 1, 2023 | $1.59 | $1.75 | +10.1% | $7.5B | -35.2% |
| May 4, 2023 | $1.43 | $1.63 | +14.0% | $11.0B | -5.0% |
| Feb 15, 2023 | $1.19 | $1.36 | +14.3% | $11.6B | -1.4% |
| Nov 1, 2022 | $0.59 | $0.66 | +11.9% | $14.0B | +26.5% |
AIG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 13, 2026 | Zaffino Peterdirector, officer: Executive Chair | Sell | 36,629 | $76.13 |
| Aug 13, 2026 | Zaffino Peterdirector, officer: Executive Chair | Sell | 200 | $76.89 |
| Aug 13, 2026 | Zaffino Peterdirector, officer: Executive Chair | Sell | 200,000 | $76.47 |
| Jul 28, 2026 | Schaper Christopherofficer: EVP, Chief Risk Officer | Tax | 2,476 | $79.16 |
| Jul 2, 2026 | RICE JOHN Gdirector | Grant | 115 | — |
| Jul 2, 2026 | MILLS LINDA Adirector | Grant | 505 | — |
| Jul 2, 2026 | Stoddard Thomas Ddirector | Grant | 15 | — |
| Jul 2, 2026 | Inglis John Cdirector | Grant | 48 | — |
| Jul 2, 2026 | Perez Juan R.director | Grant | 33 | — |
| Jul 2, 2026 | MURPHY DIANA Mdirector | Grant | 72 | — |
| Jul 2, 2026 | Porrino Peter Rdirector | Grant | 538 | — |
| Jul 2, 2026 | WITTMAN VANESSA AMESdirector | Grant | 72 | — |
| Jul 2, 2026 | RICE JOHN Gdirector | Grant | 1,256 | — |
| Jul 2, 2026 | MILLS LINDA Adirector | Grant | 290 | — |
| Jul 2, 2026 | Leimkuhler Courtneydirector | Grant | 38 | — |
Source: AIG SEC Form 4 filings, latest Aug 13, 2026. For informational purposes only — not investment advice.
See the full AIG insider & 13F page →AIG research & analysis
[AIG] American International Group Thesis 2026: Commercial Lines Growth Accelerates Post-Restructuring
American International Group FY25 (Dec 31, 2025) at $26.77B revenue (-2% portfolio simplification). NI $3.10B; EPS $5.43 (+62%). Adj after-tax EPS $7.09 (+43%). Q4 underwriting income $670M (+48%); Q4 NPW $6B (+1%, commercial +3%); accident year combined ratio 88.9%; expense ratio 32.1% (-70bp). Cat losses $125M Q4 with $116M favorable PY development. FY26 guide: low-to-mid-teens NPW growth; ≥$1B buyback + Corebridge sell-down proceeds.
[CRBG] Corebridge Financial Thesis 2026: Annuity Spread Cycle Drives Life Insurance Capital Return
Corebridge Financial Inc. (NYSE: CRBG) FY2025 revenue ~$19-20.5B (+5-12%) with adj. EPS ~$4.65-5.10 reflecting continued post-2024 ~$8.5-9.5B aggregate Individual Retirement (~45% aggregate revenue mix) + selected continued post-2024 ~$5.0-5.5B aggregate Group Retirement (~27% aggregate revenue mix) + selected continued post-2024 ~$3.5-4.0B aggregate Life Insurance (~20% aggregate revenue mix) + selected continued post-2024 ~$1.5-1.7B aggregate Institutional Markets + selected various (~8% aggregate revenue mix) under continued President + CEO Kevin Hogan since 2014 (~11-year tenure as Corebridge Financial CEO; selected ~52%+ AIG aggregate ownership). One of the largest US life insurance + retirement services companies. Founded September 2022 as Corebridge Financial Inc. via AIG Life & Retirement IPO spinoff (~3-year heritage); selected post-September 2022 NYSE listing IPO; selected post-1850 American General Life Insurance + AIG Life & Retirement predecessors; selected post-1968 AIG corporate formation; selected continued post-2014 Kevin Hogan CEO continuation. Headquartered in Houston Texas; ~7,500+ employees globally with ~$19-20.5B revenue. Four primary business segments: Individual Retirement (~45% ~$8.5-9.5B), Group Retirement (~27% ~$5.0-5.5B), Life Insurance (~20% ~$3.5-4.0B), Institutional Markets + selected various (~8% ~$1.5-1.7B). Geographic mix: US ~95%+ + selected various ~5%. Annuity spread cycle: ~$8.5-9.5B Individual Retirement revenue; selected primary US fixed annuity + indexed + variable annuity; ~3.5-4.0% Net Investment Income spread. Life Insurance + Group Retirement: ~$3.5-4.0B Life Insurance + ~$5.0-5.5B Group Retirement + ~$1.5-1.7B Institutional Markets. President + CEO Kevin Hogan since 2014 (~11-year tenure); CFO Elias Habayeb. Capital return + AIG ownership reduction: ~$0.96 annual dividend FY2025 (~3-year continuous dividend track); ~$1.5-2.0B aggregate FY2024-2025 buyback program (~$700M-1B aggregate FY2025); aggregate capital return ~$1.25-1.55B; net leverage ratio ~25-30% debt-to-capital; selected ~52%+ AIG aggregate ownership; investment-grade Baa1/A- credit rating. FY2026 thesis: Annuity spread cycle + Life Insurance + Group Retirement + Institutional Markets recovery + ~$0.96 annual dividend + ~3-year continuous dividend track + ~$700M-1B aggregate annual buybacks + ~$1.40-1.75B aggregate FY2026 capital return + selected continued post-September 2022 AIG ownership reduction + selected potential post-2024 dividend acceleration. Risks: Athene + MetLife + Lincoln + Equitable competition, Federal Reserve rate vs Net Investment Income spread, US fixed annuity cycle, AIG ownership reduction execution, life insurance reserve adequacy.
CRBG
American International Group, Inc. company profile
Overview
American International Group, Inc. (NYSE:AIG) is a multinational insurance corporation founded in 1919 and headquartered in New York. The company has undergone significant transformation over the past decade, evolving from a sprawling financial conglomerate into a focused property and casualty insurer. Following the 2008 financial crisis that required a government bailout, AIG has systematically divested non-core businesses and simplified its operations. Most notably, the company completed the deconsolidation of Corebridge Financial (its life and retirement business) in 2024, marking the final step in its strategic repositioning as a pure-play general insurance company.
Business
AIG operates primarily in the property and casualty insurance industry, providing coverage against various risks for commercial, institutional, and individual customers across North America and internationally. The insurance industry functions as a risk transfer mechanism where customers pay premiums in exchange for financial protection against potential losses from accidents, natural disasters, lawsuits, and other covered events. The company's operations are organized into two main segments. General Insurance represents the core business, accounting for approximately 95% of net premiums written. This segment includes Global Commercial lines, which provide sophisticated coverage for large corporations and institutions including general liability, property insurance, professional liability (directors and officers insurance), cyber risk coverage, and specialty lines like aerospace and marine insurance. The Global Personal lines offer high-net-worth insurance products including luxury auto, homeowners, yacht, and fine art coverage. Life and Retirement historically represented the second segment, offering annuities, life insurance, and retirement planning services. However, this business was spun off as Corebridge Financial and deconsolidated in 2024, allowing AIG to focus exclusively on its general insurance operations. Within General Insurance, North America Commercial represents the largest component, generating strong double-digit growth rates, while International Commercial provides geographic diversification across developed markets. The Global Personal lines, while smaller, serve affluent customers seeking specialized coverage for high-value assets.
Competitive moat
AIG's competitive moat stems from several factors, though it operates in a moderately competitive industry. The company benefits from scale advantages in underwriting complex commercial risks, allowing it to diversify across geographic regions, industry sectors, and risk types more effectively than smaller competitors. Its global distribution network and relationships with brokers provide access to premium business, particularly in specialty lines where relationships and expertise matter more than price alone. The company's data and underwriting expertise accumulated over decades, enhanced by recent investments in artificial intelligence and partnerships with technology firms like Palantir and Anthropic, provide analytical advantages in risk assessment and pricing. AIG's financial strength ratings and balance sheet capacity enable it to write large, complex risks that smaller insurers cannot handle. However, AIG's moat faces several challenges. The property and casualty insurance industry remains highly competitive with numerous well-capitalized competitors including Chubb, Zurich, and Lloyd's syndicates. Regulatory barriers to entry are moderate, and new capital regularly enters attractive market segments. Technology disruption could potentially democratize underwriting capabilities, though AIG is proactively investing in AI to maintain its edge. The company's transformation from a troubled conglomerate to a focused insurer is still relatively recent, and it must continue proving its underwriting discipline and operational efficiency to maintain competitive positioning. Overall, AIG possesses a moderate moat strengthened by scale, expertise, and technology investments, but operates in an industry where competitive advantages can erode if not continuously reinforced through superior execution.
Risks & safety
AIG demonstrates a solid margin of safety with strong capitalization and improving financial metrics, though typical insurance industry characteristics create some complexity in traditional safety measures. • Solvency and Liquidity: Parent company liquidity of $7.7 billion provides substantial cushion. Debt-to-total-capital ratio of 18% is conservative. No significant cash burn concerns given positive operating cash flows of $3.3 billion in 2024. • Valuation Metrics: Trading at reasonable multiples with P/E ratio around 12-22x depending on quarterly volatility. Price-to-book ratio of 1.2-1.5x appears reasonable for a well-capitalized insurer. EV/EBITDA of 8-9x is moderate for the industry. • Operating Performance: Combined ratio consistently below 95% demonstrates underwriting profitability. Core operating ROE targeting 10%+ provides reasonable returns. Strong premium growth of 7-8% indicates market position strength. • Other Considerations: Large investment portfolio ($161 billion in total assets) provides stability but creates interest rate sensitivity. Reserve adequacy appears sound based on favorable development patterns. Catastrophe exposure managed through reinsurance but still creates quarterly volatility.
Recent development
AIG has undergone substantial strategic transformation over recent years, culminating in its evolution into a focused general insurance company. The most significant milestone was the deconsolidation of Corebridge Financial in 2024, completing the separation of life and retirement operations that began with Corebridge's IPO in 2022. This strategic move simplified AIG's structure and allowed management to focus exclusively on general insurance. The company has aggressively embraced artificial intelligence and digital transformation, launching its first generative AI underwriting solution and establishing partnerships with Palantir and Anthropic. These initiatives aim to improve data accuracy from 75% to 90% and enhance underwriting decision-making while maintaining human expertise at the core. Operational efficiency has been a major focus through the "AIG Next" program, which achieved $450 million in run-rate cost savings and targets parent company expenses at 1-1.5% of net premiums earned. The company has also strengthened its reinsurance capabilities by establishing Reinsurance Syndicate 2478 at Lloyd's of London. Portfolio optimization continued with strategic divestitures including the sale of global personal travel insurance business and Validus Re. Simultaneously, AIG has pursued targeted growth opportunities, particularly in North America Commercial lines where it achieved 9-14% growth rates, and explored expansion in emerging markets like India through the Tata AIG joint venture. Capital management has been disciplined, with $8.1 billion returned to shareholders in 2024 through share repurchases and dividends, reducing shares outstanding by 12%. The company has also maintained strong balance sheet discipline while positioning for potential strategic acquisitions that complement its geographic footprint or product capabilities.
AIG company profile · for informational purposes only — not investment advice.
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