American International Group, Inc.

NYSE:AIG Stock Report

Market Cap: US$41.4b

American International Group Past Earnings Performance

Past criteria checks 4/6

American International Group's earnings have been declining at an average annual rate of -16.5%, while the Insurance industry saw earnings growing at 14.6% annually. Revenues have been declining at an average rate of 16% per year. American International Group's return on equity is 7.8%, and it has net margins of 11.8%.

Key information

-16.49%

Earnings growth rate

-8.97%

EPS growth rate

Insurance Industry Growth8.02%
Revenue growth rate-16.03%
Return on equity7.82%
Net Margin11.84%
Next Earnings Update06 Aug 2026

Recent past performance updates

Recent updates

Seeking Alpha • Jul 13

AIG: An Opportunity To Buy This Global P&C Leader, While Still Undervalued

Summary American International Group (AIG) is upgraded to buy, driven by undervaluation, improving insurance metrics, and a robust investment-grade balance sheet. AIG's combined ratio and margins are improving, with the analyst consensus forecasting +12.8% YoY EPS growth and 19 upward revisions. Dividend growth and safety are meaningful, with AIG leading its peer group in 5-year dividend growth and maintaining a conservative payout ratio. Key risks remain from outsized catastrophe events, but diversified assets and liquidity position AIG as both a growth and dividend idea. Read the full article on Seeking Alpha
Narrative Update • Jul 11

AIG: Improving Earnings Profile And Underwriting Discipline Will Drive Future Re Rating

Analysts have nudged their price targets for American International Group higher, reflected in a $2.00 increase in the fair value estimate to $88.45. They cite an improving earnings profile, lower personal lines expense ratios, and continued progress on longer term objectives, even as commercial pricing moderates and some firms fine-tune targets across the U.S. insurance sector.
Narrative Update • Apr 23

AIG: Underwriting Discipline And Capital Flexibility Will Support Future Re Rating

The analyst price target for American International Group has edged down slightly, with the updated fair value moving from $87.20 to $86.45 as analysts factor in a series of modest target cuts across major firms, while still recognizing AIG's earnings profile and underwriting position highlighted in recent research. Analyst Commentary Street research on American International Group has been active, with several firms adjusting their price targets and one major upgrade.
Narrative Update • Apr 08

AIG: Capital Flexibility And Strong Underwriting Will Drive Future Re Rating

Analysts have nudged the blended price target for American International Group slightly higher to $87.20. This reflects incremental adjustments to earnings assumptions and valuation multiples after a mix of target increases and reductions across recent research updates.
Narrative Update • Feb 28

AIG: Capital Discipline And Softening P&C Cycle Will Guide Future Re Rating

The updated fair value estimate for American International Group edges up to $87.10 from $86.85, reflecting analysts' mixed price target revisions across $81 to $96 and their focus on slightly higher margin expectations and a lower assumed future P/E multiple, despite concerns about softer P&C pricing. Analyst Commentary Recent Street research on American International Group highlights a split view, with price targets spanning roughly the low US$80s to mid US$90s and a mix of Neutral, Equal Weight, Outperform and Buy ratings.
Narrative Update • Feb 14

AIG: Future Capital Discipline And Softening P&C Cycle Will Shape Re Rating

The updated analyst price target for American International Group now reflects a modest downward adjustment of about $0.10, as analysts balance slightly firmer assumptions for revenue growth and profit margins with a higher discount rate and mixed recent price target revisions across the Street. Analyst Commentary Street research on American International Group has been mixed recently, with both price target increases and reductions clustered over the past few months.
Narrative Update • Jan 31

AIG: Future Capital Discipline And P&C Cycle Management Will Drive Re Rating

Analysts have made only a slight adjustment to their AIG price targets, generally clustering around the mid to high $80s. They are weighing softer commercial P&C pricing, mixed views on growth and margins, and the impact of recent acquisitions on capital deployment.
Narrative Update • Jan 17

AIG: Future Profitability And Capital Discipline Will Drive Re Rating

Narrative Update Analysts have trimmed their consolidated price target for American International Group to about $86.95 from $88.28, reflecting mixed revisions across firms as they weigh softer property and casualty pricing trends against expectations for steadier margins and a lower future P/E multiple. Analyst Commentary Recent research on American International Group highlights a mix of optimism and caution, with price targets spread across the low to mid US$80s and up toward the mid US$90s, and ratings clustered around Neutral or equivalent with a few more constructive views.
Analysis Article • Sep 21

Not Many Are Piling Into American International Group, Inc. (NYSE:AIG) Just Yet

American International Group, Inc.'s ( NYSE:AIG ) price-to-earnings (or "P/E") ratio of 13x might make it look like a...
Narrative Update • Sep 04

Digitalization And Gen AI Will Transform Underwriting Operations

Analysts maintain a Neutral stance on AIG as the P&C insurance sector transitions to softer pricing and increased competition, heightening margin and growth uncertainties, with the consensus price target unchanged at $88.28. Analyst Commentary Bullish analysts believe the property and casualty (P&C) insurance market is transitioning away from a prolonged hard pricing environment, leading to greater selectivity in underwriting.
Seeking Alpha • Apr 24

AIG: Mega Insurance Brand Continues Showing Upside Potential Despite Price Climbing (Rating Upgrade)

Summary Insurance brand AIG gets upgraded back to a buy after my last hold rating, after considering additional factors from recent data. Positives include new business won in 2024, improved combined ratios, a positive 3-year price target, and market presence in commercial lines. The insurance sector can benefit from the AI trend in terms of improved productivity in underwriting, claims, and servicing. Having exposure to a large fixed-income investment portfolio, interest rate risk remains and the need to follow Fed decisions. Read the full article on Seeking Alpha
Seeking Alpha • Feb 12

American International Group: Mixed Underwriting, Likely Caps Upside Despite Buybacks

Summary American International Group shares have been range-bound, up 8% in the past year, with limited upside due to valuation constraints and modest earnings growth, excluding the impact of buybacks. AIG's transformational period included divestitures, significant share buybacks, and improved balance sheet health, but core underwriting improvements appear to have peaked. The company's capital allocation is strong, with continued buybacks expected, but catastrophe losses and modest investment income gains limit EPS growth potential. At 12x core earnings and with its CRBG stake, shares are worth at most $76, leaving shares just a hold. Read the full article on Seeking Alpha
Seeking Alpha • Nov 21

American International Group: Underwriting Gains And Capital Returns Reflected In Valuation

Summary AIG shares have been recently rangebound, though they have 17% over the past year, with a 2% increase since my last "hold" rating, underperforming the S&P 500. AIG's Q3 earnings rose 18% to $1.23, benefiting from a streamlined structure and higher investment income, but underwriting income fell 20%. AIG's strong balance sheet and aggressive buybacks, supported by Corebridge sales, suggest a fair value of $78, implying a 7% total return. Despite solid underwriting and potential EPS growth, AIG's modest upside and market-like return justify maintaining a "hold" rating. Read the full article on Seeking Alpha
Seeking Alpha • Sep 13

American International Group: Don't Overthink It

Summary AIG's commercial underwriting has quietly rivaled that of industry leader, Chubb. A narrowed focus has AIG's set for a 3%+ reduction in its expense ratio over the next few years, supporting a structural and permanent increase in its combined ratio. I expect about 1 out of every 6 shares of AIG to be retired through share repurchases by December 31, 2025. I see 67% upside over the next 16 to 22 months. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How American International Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:AIG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2626,7013,1614,6360
31 Dec 2526,6113,0964,6140
30 Sep 2527,1203,3054,4870
30 Jun 2527,3963,2694,5520
31 Mar 2526,8582,5074,6610
31 Dec 2427,0272,2004,7840
30 Sep 2426,4532,6774,5590
30 Jun 2427,0792,1684,6610
31 Mar 2427,8712,4215,0380
31 Dec 2327,8342,4775,0430
30 Sep 2332,8041,6016,1550
30 Jun 2339,7484,3686,9190
31 Mar 2346,3156,4807,6310
31 Dec 2229,7211,8155,7360
30 Sep 2257,12713,3938,2560
30 Jun 2255,84212,3128,6210
31 Mar 2252,4999,6568,5070
31 Dec 2151,80810,3388,2950
30 Sep 2147,3485,5608,6000
30 Jun 2144,3394,1768,0510
31 Mar 2143,155-3,8507,9120
31 Dec 2043,337-5,9777,9610
30 Sep 2045,143-5,0448,0200
30 Jun 2048,300-4,6728,2490
31 Mar 2051,5514,3668,3760
31 Dec 1949,3173,2788,3190
30 Sep 1950,8071,7858,4530
30 Jun 1949,176-838,6230
31 Mar 1948,233-2498,6660
31 Dec 1847,590368,9070
30 Sep 1847,545-6,0018,8890
30 Jun 1847,804-6,5198,6670
31 Mar 1848,640-6,3348,6790
31 Dec 1749,448-6,0888,6940
30 Sep 1748,773-2,4369,1210
30 Jun 1749,873-2399,3810
31 Mar 1752,0925629,7420
31 Dec 1651,209-75910,2950
30 Sep 1653,14840510,6000
30 Jun 1653,116-26811,4470
31 Mar 1654,023-40712,0410
31 Dec 1558,2392,19612,1780
30 Sep 1558,9894,72712,4630

Quality Earnings: AIG has high quality earnings.

Growing Profit Margin: AIG's current net profit margins (11.8%) are higher than last year (9.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AIG has become profitable over the past 5 years, growing earnings by -16.5% per year.

Accelerating Growth: AIG's earnings growth over the past year (26.1%) exceeds its 5-year average (-16.5% per year).

Earnings vs Industry: AIG earnings growth over the past year (26.1%) did not outperform the Insurance industry 36.2%.

Return on Equity

High ROE: AIG's Return on Equity (7.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/17 21:47
End of Day Share Price 2026/07/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

American International Group, Inc. is covered by 35 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Taylor ScottBarclays
Jay GelbBarclays