American International Group
Underwrites global commercial, specialty, and personal property-and-casualty risks.
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Profile
Underwrites commercial and personal property-and-casualty coverage through North America Commercial, International Commercial, and Global Personal, earning premiums and investment income. A global broker and partner network supports specialty, casualty, financial-lines, property, accident-and-health, and personal products, while results depend on risk pricing, reserves, reinsurance, and regulated capital.
Underwrites commercial and personal property-and-casualty risks through North America Commercial, International Commercial, and Global Personal. Commercial products include property and short-tail coverage, casualty, financial lines, and global specialty; personal operations center on accident and health and personal lines. Talbot adds specialty underwriting through the Lloyd’s market, while Lexington serves U.S. excess-and-surplus risks.
Earns primarily from insurance premiums and investment income, using brokers, agents, marketplaces, and network partners to reach clients in more than 200 countries and jurisdictions. Underwriting and claims expertise, multinational capabilities, and specialized franchises support large corporate, middle-market, small-business, and individual customers.
Operates as a focused general insurer after completing the Corebridge separation, while maintaining a minority investment and quota-share relationship with Convex. Results depend on pricing risk, estimating loss reserves, investment performance, catastrophe losses, reinsurance recoveries, and insurance-capital rules across multiple jurisdictions.
Company facts
Categories
Key statistics
Year to date −8.7% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Perform | $82 | $85 | |
| Jul 15, 2026 | Piper Sandler | Downgrade | Overweight | Neutral | $95 | $80 |
| Jul 9, 2026 | Mizuho Securities | Target | $86 | $89 | ||
| Jul 9, 2026 | Cantor Fitzgerald | Upgrade | Neutral | Overweight | $81 | $92 |
| Jul 8, 2026 | UBS | Reiterate | Buy | $92 | $98 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.92 | $2.00 | +4.2% | $7.25B | $7.10B | −2.1% | −1.49% |
| Apr 30, 2026Q1 FY26 | $1.89 | $2.11 | +11.6% | $7.03B | $6.78B | −3.6% | +5.31% |
| Feb 10, 2026Q4 FY25 | $1.90 | $1.96 | +3.2% | $6.91B | $6.74B | −2.5% | +4.59% |
| Nov 4, 2025Q3 FY25 | $1.72 | $2.20 | +27.9% | $6.81B | $6.40B | −6.0% | −5.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.77B | $7.04B | $6.40B | $6.56B | $6.65B | $7.09B | |
| Gross profit | $2.16B | $2.70B | $2.16B | $2.22B | $3.18B | $2.60B | |
| Operating income | $960.0M | $1.54B | $714.0M | $661.0M | $987.0M | $1.36B | |
| Net income | $698.0M | $1.14B | $519.0M | $735.0M | $763.0M | $948.0M | |
| Diluted EPS | $1.16 | $1.98 | $0.93 | $1.35 | $1.41 | $1.78 | |
| Gross margin | 31.8% | 38.4% | 33.8% | 33.9% | 47.7% | 36.7% | |
| Operating margin | 14.2% | 21.9% | 11.2% | 10.1% | 14.8% | 19.3% |
Fiscal years (4-quarter sums)FY21 $51.82B · FY22 $54.34B · FY23 $35.77B · FY24 $27.27B · FY25 $26.77B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $83.73B · Total debt $9.13B · Total assets $163.46B · Shareholders' equity $40.61B
Dividends
Raised for 12 straight years — most recently to $0.50 from $0.45 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 29 | $0.50 | raised from $0.45 |
| Mar 16, 2026 | Mar 16 | Mar 30 | $0.45 | |
| Dec 16, 2025 | Dec 16 | Dec 30 | $0.45 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.45 | |
| Jun 13, 2025 | Jun 13 | Jun 27 | $0.45 | raised from $0.40 |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.40 | |
| Dec 16, 2024 | Dec 16 | Dec 30 | $0.40 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.40 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 530.21M · Float 528.44M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 48.94M | 9.23% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 34.64M | 6.53% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 30.33M | 5.72% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 27.17M | 5.12% | 13F | Aug 13, 2026 |
| State Street Corp | 25.12M | 4.74% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Peter Zaffino | director, officer: Executive Chair | −36,829 | $76.14 |
| Aug 12, 2026 | Peter Zaffino | director, officer: Executive Chair | −200,000 | $76.47 |
| Dec 30, 2024 | Keith Walsh | officer: EVP and CFO | +6 | $73.20 |
| Mar 31, 2025 | Keith Walsh | officer: EVP and CFO | +5 | $83.52 |
| Jun 27, 2025 | Keith Walsh | officer: EVP and CFO | +5 | $84.79 |
Peers
- Chubb
Global P&C leader in large commercial, financial lines, and HNW personal lines.
- Travelers
#1 US commercial lines insurer competing in business insurance and specialty.
- The Hartford
US commercial P&C insurer in workers' comp, specialty, and small/mid market.
- W. R. Berkley
US specialty and E&S insurer competing with Lexington in niche casualty lines.
- Markel Group
Specialty insurer competing in E&S, professional liability, and programs.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American International Group | $76.93 | 0.00% | $40.79B | 14.1 | 9.2 | 1.5 | +0.8% |
| Chubb | $340.37 | +0.13% | $131.14B | 12.0 | 12.2 | 2.1 | −1.3% |
| Travelers | $372.15 | +0.62% | $77.15B | 9.9 | 12.4 | 1.6 | −4.8% |
| The Hartford | $137.85 | −0.49% | $37.98B | 9.0 | 10.6 | 1.3 | +4.0% |
| W. R. Berkley | $70.65 | +3.20% | $25.48B | 14.1 | 14.5 | 1.4 | +1.2% |
| Markel Group | $1,818.69 | −0.07% | $22.53B | 10.0 | 15.8 | 1.3 | +17.6% |
| Median | 10.0 | 12.4 | 1.4 | +1.2% |