American International Group key statistics and ratios
In fiscal 2025, American International Group had return on equity of 7.4%, a net margin of 11.6% and debt equal to 22.3% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Return on equity | −15.7% | 13.0% | 22.1% | 3.4% | 9.2% | 7.3% | 2.2% | −1.0% | −8.6% | −0.0% | 5.5% | −9.1% | 15.8% | 19.1% | 8.4% | −3.2% | 7.4% | 7.3% |
| Return on assets | −1.3% | 1.3% | 3.3% | 0.6% | 1.7% | 1.4% | 0.4% | −0.2% | −1.2% | −0.0% | 0.7% | −1.1% | 1.7% | 1.8% | 0.7% | −0.4% | 1.9% | 1.8% |
| Asset turnover | 0.09 | 0.10 | 0.11 | 0.13 | 0.13 | 0.12 | 0.12 | 0.11 | 0.10 | 0.10 | 0.10 | 0.08 | 0.09 | 0.05 | 0.05 | 0.08 | 0.17 | 0.16 |
| Debt to equity | 0.0% | 0.0% | 74.1% | 49.5% | 41.5% | 29.2% | 32.6% | 40.5% | 48.5% | 61.3% | 53.8% | 57.7% | 45.7% | 70.0% | 49.4% | 21.0% | 22.3% | 22.6% |
| Effective tax rate | — | 34.5% | — | −27.9% | 3.8% | 27.9% | 32.3% | — | — | 59.9% | 22.1% | — | 18.3% | 23.4% | 4.4% | 30.2% | 20.2% | 18.2% |
| SG&A as % of revenue | 9.0% | 14.0% | 13.0% | 18.3% | 19.7% | 20.4% | 21.7% | 21.0% | 18.4% | 19.6% | 17.2% | 19.2% | 16.7% | 20.5% | 19.3% | 20.3% | 18.9% | 19.3% |
| Capital spending as % of revenue | 0.5% | 0.4% | — | 4.0% | 4.0% | 2.8% | 3.0% | 2.1% | 1.0% | 0.8% | 0.6% | 0.8% | 0.7% | 0.7% | 0.9% | 0.0% | 0.0% | 0.0% |
| Free cash flow ÷ net income | — | 162.4% | — | 24.0% | 34.5% | 42.2% | 52.6% | — | — | — | −63.1% | — | 56.7% | 38.4% | 164.8% | — | 107.0% | 129.8% |
| Dividends ÷ net income | — | — | — | — | 3.2% | 9.5% | 46.8% | — | — | — | 33.3% | — | 10.4% | 9.6% | 27.4% | — | 31.5% | 33.5% |
| Dividends and buybacks ÷ free cash flow | — | — | — | >999% | 28.4% | 176.8% | >999% | 538.5% | — | — | — | 234.0% | 62.5% | 157.5% | 65.9% | 233.9% | 205.6% | 103.2% |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Net margin | 6.8% | 12.5% | 10.3% | 16.1% | 8.2% | 11.2% | 11.5% | 13.4% |
| Free-cash-flow margin | 25.2% | 1.7% | −0.8% | 19.6% | 21.1% | 9.7% | 2.3% | 24.2% |
| Debt to equity | — | 21.0% | — | — | — | 22.3% | — | — |
| SG&A as % of revenue | 19.9% | 18.6% | 16.4% | 16.4% | 20.4% | 22.6% | 17.1% | 17.4% |
Moat
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).
Compare with peers
- SUN Life Financial Inc statistics
- Loews Corporation statistics
- Assurant statistics
- Horace Mann Educators Corp statistics
- Waterdrop Inc. statistics
Head to head: AIG vs SLFAIG vs LAIG vs AIZ
More: Multi-line Insurance stocks compared, Financials sector, rankings of US companies