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American International Group (AIG) stock

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NYSE: AIG NYSE Multi-line Insurance Next results ~November 3, 2026

C+ Fundamentals grade

American International Group (AIG) is an insurance company. Through its subsidiaries, licences and authorisations, and a network of partners, it offers insurance that helps both businesses and individuals safeguard their assets and manage the risks they face.

Its customers are companies and private individuals, and it writes cover across roughly 200 countries and jurisdictions. A substantial share of the group's activity takes place outside the United States, and it states that it intends to keep growing in selected strategic markets. As an insurer, AIG also holds an investment portfolio and relies on third-party investment managers to run the majority of those assets. It outsources many operational, middle- and back-office functions as well, including the administration and servicing of certain policies, finance, actuarial work and information technology, to external providers.

The business is run through a parent entity, referred to as AIG Parent, together with insurance subsidiaries that must hold local licences in each foreign jurisdiction where they operate. Those overseas licences can be modified or revoked by the relevant authorities.

Based on American International Group's 10-K filed February 12, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$100

Valuation models combined (6)

Base case. Range ~$90–$120. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Undervalued

The price is below our entire value range; our base value is 27% above it.

Price used: $82.40, November 2, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 2 selling2 purchases and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds529 adding, 526 cuttingOf 92 active managers that changed their stake, 56 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter American International Group files

Where American International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $26.6bn, down 4.2% on a year earlier, slower than -2.3% a quarter earlier. That puts it 892 of 931 for growth among all the companies we cover. The diluted share count is down 11.1% on a year earlier, which lifts each remaining share. Our valuation models combined value is $97.16 a share, against a share price of $81.47.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

American International Group's trailing-twelve-month revenue fell 4.2% year on year, with a free-cash-flow margin of 14.5%. Where it stands out: change in share count of -11.1% ranks 1 of 7 multi-line insurance companies we cover. Where it lags: revenue growth of -4.2% ranks 7 of 7 multi-line insurance companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 21.9% while net income fell 7.3%: a 29pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Priced below our value. The share price of $82.40 is 27% below our value per share of $100.
  • Shrinking share count. Diluted shares fell 11.1% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 10 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 4.2% over the last 12 months.
  • Below peers: change in growth rate. Change in growth rate of -1.9pp ranks 6 of 7 multi-line insurance companies we cover (median +0.3pp).

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$2.00 against an average estimate of $1.93: beat by 3.7%
Revenue
$7.08bn, down 0.1% on a year earlier
Share reaction
-1.7% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 3, 2026; average EPS estimate $1.87

American International Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.6%
  • 1 week+1.6%
  • 1 month+10.0%
  • This year-1.8%
  • 1 year+6.9%
  • 5 years+51.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$26.6B
Net margin
11.1%
EPS (TTM, diluted)
$5.44

Growth

Revenue growth
−4.2%
Change in growth rate
−1.9 pts
Share count change
−11.1%

Earnings

Last results
August 6, 2026
Next results (est.)
November 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Announcement
  3. Leadership
  4. Leadership
  5. Insider trade
  6. Insider trade
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$100
Price used
$81.55close November 3, 2026
Implied change
▲ +28%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like American International Group (see the models table below and how they are combined) , with a 7.65% cost of equity. The models span ~$90–~$120; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value American International Group as an insurer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.6 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$100 ~$67–$160 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$90–$140 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$110 ~$60–$170 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$100 ~$89–$170 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$90 ~$78–$110 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$120 ~$93–$150 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$90–$120 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare American International Group with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

21 /100

Weak moat

How hard American International Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 0.3% of total assets over 10 years.

  • Durability 0 / 20

    Net margin has been a median 4.6%; its worst year was -13.7%.

  • Discipline 15 / 20

    The diluted share count fell 37.4% over five years.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (26 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $7.4bn and EPS of $1.87 (range $1.63 to $2.07) for the quarter.

Analysts' consensus

American International Group: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $8.09 +14% $28.9bn +8%
Next $8.81 +9% $31.3bn +8%

Next year's EPS estimate has moved −0.5% in 90 days, across 22 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.1% on 90 days ago. In the last 30 days, 11 analysts raised American International Group's forecast and 2 cut it.

Consensus EPS forecast American International Group, last 90 days
$7.50 $8.00 $8.50 $9.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.00 Current fiscal year, 60 days ago: $8.04 Current fiscal year, 30 days ago: $8.05 Current fiscal year, 7 days ago: $8.06 Current fiscal year, Now: $8.09 $8.09 Next fiscal year, 90 days ago: $8.86 Next fiscal year, 60 days ago: $8.78 Next fiscal year, 30 days ago: $8.79 Next fiscal year, 7 days ago: $8.80 Next fiscal year, Now: $8.81 $8.81

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.00$8.86
60 days ago $8.04$8.78
30 days ago $8.05$8.79
7 days ago $8.06$8.80
Now $8.09$8.81

Earnings against estimates

American International Group: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Jun 2026 $1.93 $2.00 +3.7%
Mar 2026 $1.88 $2.11 +12.0%
Dec 2025 $1.90 $1.96 +3.0%
Sept 2025 $1.71 $2.20 +28.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in American International Group's latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

22 analysts, Oct 2026
Buy836%
Hold1464%
Sell00%

Monthly trend

  1. Oct 202671422
  2. Sep 202671422
  3. Aug 202671422
  4. Jul 202671422

Counts of recommendations published by analysts covering American International Group, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.3%
of tradable shares
Days to cover
2.17
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
22,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +6.9%

$77.06 on October 31, 2025 to $82.40

American International Group: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $27.8bn $26.6bn −4.2%
Net margin 11.5% 11.1% −3.3%
P/E multiple 14.8x 15.1x +2.6%
Share count 613m 545m +12.5%

Biggest factor: share count.

Last 3 years +38.2%

$59.62 on November 3, 2023 to $82.40

American International Group: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $15.5bn $26.6bn +71.5%
Net margin 31.0% 11.1% −64.1%
P/E multiple 9.3x 15.1x +63.4%
Share count 750m 545m +37.6%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

American International Group: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
AIG+54%+14%+10%+10%+20%−2%
Industry peers (median)+10%−0%+30%+29%+21%+6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AIG67%67%58%58%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AIG−16%−26%−26%−12%−14%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 70% from January 10, 2017 to March 18, 2020. Getting back needed a 229% gain, reached on October 20, 2021, 581 days after the low.

Price behaviour

52-week range
$70.53 – $84.95
From 52-week high
−3.0%
vs 50-day average
+7.0%
vs 200-day average
+8.3%
Volatility (1 year)
24%
Beta vs S&P 500
-0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.2%
After a week
7 up, 5 down
typical move ±3.5%
After a month
8 up, 4 down
typical move ±4.2%
American International Group: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −1.7% +0.5% −5.1% −4.9%
April 30, 2026 +6.7% +1.3% +3.6% −0.5%
February 10, 2026 +4.7% −0.3% +6.5% +2.1%
November 4, 2025 −3.3% −0.8% −3.6% −2.1%
August 6, 2025 −2.3% +0.7% +1.8% +1.0%
May 1, 2025 +2.6% +2.2% +0.4% +5.2%
February 11, 2025 +2.4% −0.2% +0.3% +8.6%
November 4, 2024 −0.4% +1.0% −0.4% +0.3%
July 31, 2024 −5.2% +0.2% −10.7% −3.7%
May 1, 2024 +3.7% +0.6% +6.1% +4.7%
February 13, 2024 −0.8% −0.5% −1.5% +9.3%
November 1, 2023 +5.0% +3.0% +2.1% +7.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How American International Group’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.62× the last 60 days’ realised volatility .
  • Puts and calls are priced at about the same implied volatility.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

American International Group in five measures

Fundamentals grade C+
Growth Profitability Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) American International Group
$0 $10B $20B $30B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $8.8B Revenue (TTM), FY23 Q4: $27.9B Revenue (TTM), FY24 Q1: $28B Revenue (TTM), FY24 Q2: $27.1B Revenue (TTM), FY24 Q3: $26.6B Revenue (TTM), FY24 Q4: $27.3B Revenue (TTM), FY25 Q1: $27.3B Revenue (TTM), FY25 Q2: $27.8B Revenue (TTM), FY25 Q3: $27.4B Revenue (TTM), FY25 Q4: $26.8B Revenue (TTM), FY26 Q1: $26.6B Revenue (TTM), FY26 Q2: $26.6B $26.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $8.8B
FY23 Q4 $27.9B
FY24 Q1 $28B
FY24 Q2 $27.1B
FY24 Q3 $26.6B
FY24 Q4 $27.3B
FY25 Q1 $27.3B
FY25 Q2 $27.8B
FY25 Q3 $27.4B
FY25 Q4 $26.8B
FY26 Q1 $26.6B
FY26 Q2 $26.6B
Revenue growth, TTM YoY American International Group
-100% 0% 100% 200% 300% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -84.5% Revenue growth, TTM YoY, FY23 Q4: -6.9% Revenue growth, TTM YoY, FY24 Q1: 28.6% Revenue growth, TTM YoY, FY24 Q2: 74.6% Revenue growth, TTM YoY, FY24 Q3: 202.2% Revenue growth, TTM YoY, FY24 Q4: -2.5% Revenue growth, TTM YoY, FY25 Q1: -2.6% Revenue growth, TTM YoY, FY25 Q2: 2.5% Revenue growth, TTM YoY, FY25 Q3: 3.0% Revenue growth, TTM YoY, FY25 Q4: -1.7% Revenue growth, TTM YoY, FY26 Q1: -2.3% Revenue growth, TTM YoY, FY26 Q2: -4.2% -4.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -84.5%
FY23 Q4 -6.9%
FY24 Q1 28.6%
FY24 Q2 74.6%
FY24 Q3 202.2%
FY24 Q4 -2.5%
FY25 Q1 -2.6%
FY25 Q2 2.5%
FY25 Q3 3.0%
FY25 Q4 -1.7%
FY26 Q1 -2.3%
FY26 Q2 -4.2%
FCF margin (TTM) American International Group
0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 54.4% FCF margin (TTM), FY23 Q4: 22.3% FCF margin (TTM), FY24 Q1: 22.4% FCF margin (TTM), FY24 Q2: 24.3% FCF margin (TTM), FY24 Q3: 17.9% FCF margin (TTM), FY24 Q4: 12.0% FCF margin (TTM), FY25 Q1: 9.9% FCF margin (TTM), FY25 Q2: 11.4% FCF margin (TTM), FY25 Q3: 10.2% FCF margin (TTM), FY25 Q4: 12.4% FCF margin (TTM), FY26 Q1: 13.2% FCF margin (TTM), FY26 Q2: 14.5% 14.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 54.4%
FY23 Q4 22.3%
FY24 Q1 22.4%
FY24 Q2 24.3%
FY24 Q3 17.9%
FY24 Q4 12.0%
FY25 Q1 9.9%
FY25 Q2 11.4%
FY25 Q3 10.2%
FY25 Q4 12.4%
FY26 Q1 13.2%
FY26 Q2 14.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

American International Group: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 75.4 72.8 65.1 71.2 68.9 64.4 58.3 52.4 49.5 47.4 49.7 43.7 52.2 30.0 27.9 27.3 26.8 26.6
Net income −10.9 10.1 20.6 3.4 9.1 7.5 2.2 −0.8 −6.1 −0.0 3.3 −5.9 10.4 10.2 3.6 −1.4 3.1 3.0
Diluted EPS — — $11.01 $2.04 $6.13 $5.20 $1.65 −$0.78 −$6.54 −$0.01 $3.74 −$6.88 $11.95 $12.94 $4.98 −$2.17 $5.43 $5.44
Growth (year on year)
Revenue — −3.5% −10.6% +9.4% −3.3% −6.5% −9.4% −10.2% −5.4% −4.3% +5.0% −12.1% +19.3% −42.5% −6.9% −2.5% −1.7% −4.2%
Net income — — +105.0% −83.3% +164.3% −17.1% −70.8% −138.7% — — — −277.5% — −1.4% −64.4% −138.5% — −7.3%
Diluted EPS — — — −81.5% +200.5% −15.2% −68.3% −147.3% — — — −284.0% — +8.3% −61.5% −143.6% — +4.2%
Margins
Net margin −14.5% 13.8% 31.7% 4.8% 13.2% 11.7% 3.8% −1.6% −12.3% −0.0% 6.7% −13.6% 19.9% 34.1% 13.0% −5.2% 11.6% 11.1%
Free-cash-flow margin 24.2% 22.4% — 1.2% 4.5% 4.9% 2.0% 4.6% −16.8% −1.6% −4.2% 1.6% 11.3% 13.1% 21.5% 12.0% 12.4% 14.5%
Cash flow
Cash from operations 18.6 16.6 −0.1 3.7 5.9 5.0 2.9 3.5 −7.8 −0.4 −1.8 1.0 6.2 4.1 6.2 3.3 3.3 3.9
Capital spending 0.3 0.3 — 2.9 2.7 1.8 1.7 1.1 0.5 0.4 0.3 0.4 0.3 0.2 0.2 0.0 0.0 0.0
Free cash flow 18.2 16.3 — 0.8 3.1 3.2 1.2 2.4 −8.3 −0.8 −2.1 0.7 5.9 3.9 6.0 3.3 3.3 3.9
Stock-based pay 0.2 0.3 −0.0 0.3 0.5 0.3 0.4 0.2 0.4 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 —
Free cash flow after stock pay 18.0 16.0 — 0.5 2.7 2.8 0.8 2.1 −8.7 −1.1 −2.4 0.4 5.6 3.6 5.8 3.1 3.1 —
Balance sheet
Cash — — — — — — 2.2 2.1 2.7 3.4 3.3 3.2 2.4 1.6 1.6 1.4 1.3 1.6
Total debt 0.0 0.0 75.3 48.5 41.7 31.2 29.2 30.9 31.6 34.5 35.4 — 30.2 28.7 22.4 8.9 9.2 9.2
Net debt (negative = net cash) — — — — — — 27.0 28.8 28.9 31.2 32.1 −3.2 27.7 27.1 20.8 7.6 7.8 7.6
Diluted shares 135m 137m 1,799m 1,687m 1,481m 1,448m 1,334m 1,091m 931m 910m 890m 869m 865m 788m 725m 657m 570m 545m
Returned to shareholders
Dividends — — — — 0.3 0.7 1.0 1.4 1.2 1.1 1.1 1.1 1.1 1.0 1.0 1.0 1.0 1.0
Buybacks — — 0.1 13.0 0.6 4.9 10.7 11.5 6.3 1.7 0.0 0.5 2.6 5.2 3.0 6.7 5.8 3.0
Total returned — — 0.1 13.0 0.9 5.6 11.7 12.8 7.4 2.9 1.1 1.6 3.7 6.2 4.0 7.7 6.8 4.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$3B
Dividends (TTM)
$992M
Returned to shareholders
103%
of free cash flow
Buybacks, last 3 fiscal years
$15.4B
Diluted share count
−11.1%
year over year
Total shareholder yield
9.2%
dividends 2.3% + buybacks 6.9% of market value
Dividend payout ratio
34%
of net income paid out
Sales & admin spending
19.3%
of revenue

Competitors: side by side with peers

Closest by revenue in multi-line insurance
Growth, margins and cash generation against peers
Last 12 months unless stated AIG SLF L AIZ HMN WDH Median
Revenue, last 12 months $26.6bn $30.0bn $18.8bn $13.5bn $1.7bn $553m $13.5bn
Revenue growth, last 12 months −4.2% 5.9% 2.8% 9.4% 5.9% 43.7% 5.9%
Revenue growth, 3-year average 19.7% — 6.8% 8.4% 7.7% — 8.0%
Revenue growth, latest quarter −0.1% — 1.9% 9.4% 7.7% — 4.8%
Net margin 11.1% 8.5% 7.9% 7.9% 10.2% 14.3% 10.2%
Cash from operations / revenue 14.5% 6.7% 13.9% 13.9% 32.4% 6.1% 13.9%
Free-cash-flow margin 14.5% 6.3% 9.0% 12.3% 30.9% 5.4% 12.3%
Free-cash-flow margin, 3-year average 16.7% 11.7% 12.2% 10.4% 27.1% — 12.2%
Stock pay / revenue — — 0.2% 0.7% 0.5% 1.3% 0.7%
Change in share count −11.1% −2.7% −2.9% −1.4% −0.3% −0.2% −2.4%

Median of all 7 companies we cover in multi-line insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 multi-line insurance companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth -4.2% 5.9% 7 of 7
Change in growth rate Growth -1.9pp +0.3pp 6 of 7
Net margin Profitability 11.1% 10.2% 3 of 7
Change in share count Balance sheet -11.1% -2.4% 1 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
International $14.1B 52.6% ▼ 1.0%
North America $12.7B 47.4% ▼ 2.5%

From American International Group's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$37.3B
Institutions reporting
1,134
Shares held vs prior quarter
▼ 0.1%
Positions opened / closed
109 / 93

Top buyers and sellers, Q2 2026: 529 institutions bought and 526 sold ; the biggest buyer was Blackrock, Inc (+2.3M shares) and the biggest seller GQG Partners LLC (−10.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.6B 48.9M 9.8% ▲ 4.9%
Vanguard Capital Management LLC $2.6B 34.6M 6.9% ▼ 0.7%
Wellington Management Group LLP $2.3B 30.3M 6.1% ▲ 6.9%
Vanguard Portfolio Management LLC $2B 27.2M 5.4% ▼ 0.1%
State Street Corp $1.9B 25.1M 5.0% ▲ 0.8%
Harris Associates L P $1.5B 20.4M 4.1% ▼ 1.2%
Geode Capital Management, LLC $1.1B 14.7M 2.9% ▲ 17.0%
Price T Rowe Associates Inc $1B 13.8M 2.8% ▼ 0.7%
Invesco Ltd. $1B 13.7M 2.7% ▲ 6.7%
Franklin Resources Inc $898M 12.1M 2.4% ▲ 3.1%
Hotchkis & Wiley Capital Management LLC $883M 11.8M 2.4% ▲ 15.7%
Morgan Stanley $744M 10.0M 2.0% ▲ 6.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not American International Group's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Zaffino Peter Executive Chair August 13, 2026 Sell pre-set plan 200 $76.89 $15,378
Zaffino Peter Executive Chair August 13, 2026 Sell pre-set plan 36,629 $76.13 $2.8M
Zaffino Peter Executive Chair August 12, 2026 Sell pre-set plan 200,000 $76.47 $15.3M
American International Group, Inc. 10% owner February 12, 2026 Sell 24,654,833 $30.42 $750M
Inglis John C Director December 30, 2025 Buy 14 $86.47 $1,200
Walsh Keith EVP and CFO December 30, 2025 Buy 5 $86.54 $467
American International Group, Inc. 10% owner November 4, 2025 Sell 32,600,000 $31.10 $1B

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 25 trades and filings

No trades in American International Group disclosed in the last 12 months; 25 earlier trades on record.

  • Julia Letlow(R-LA 5):Sale (partial), $1,001 - $15,000, traded July 25, 2025, filed January 13, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded July 10, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 10, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • February 10, 2026
  • November 4, 2025
  • August 6, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on American International Group was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

American International Group in brief

What does American International Group do?
American International Group is a US-listed company in the multi-line insurance industry. Its financial year ends in December.
What is American International Group's stock ticker?
American International Group trades under the ticker AIG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is American International Group's revenue, and how fast is it growing?
Over its most recent trailing twelve months, American International Group reported revenue of $26.6B, 4.2% lower than a year earlier, according to its SEC filings.
What is American International Group's free cash flow?
American International Group's free-cash-flow margin is 14.5% of revenue over the trailing twelve months.
Who are American International Group's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Wellington Management Group LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is American International Group buying back stock, and does it pay a dividend?
American International Group spent $3B on share repurchases over the trailing twelve months, and its diluted share count fell 11.1% over the year.
What is American International Group's market cap?
On November 2, 2026, American International Group's market capitalisation was about $44.9B, with a price-to-earnings ratio of 15.1 and net debt of $7.6B. Market figures come from third-party market data and may be delayed.
Does American International Group pay a dividend?
Yes: American International Group paid $992M in dividends over the trailing twelve months, a dividend yield of 2.29% and a payout ratio of 33.5%.
Who are American International Group's competitors?
In our Multi-line Insurance peer group, the companies closest to American International Group are SUN Life Financial Inc, Loews Corporation, Assurant, Horace Mann Educators Corp and Waterdrop Inc. The side-by-side comparison below sets their revenue, margins and growth against American International Group's.
Are insiders buying or selling American International Group stock?
Over the last 12 months, American International Group's directors and officers reported 2 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is American International Group's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — American International Group announces its own schedule.