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AIGAmerican International Group, Inc.
$75.58$40.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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AIG logo

American International Group, Inc.

AIG
NYSE · Diversified Insurance
$75.58
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$40.07B
P/E13.9x
52W High$87.29
Volume3.45M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Underwriting Margin Expansion Offsets Persistent Revenue Contraction

AIG's Q2 2026 combined ratio of 80.7% and EPS of $1.78 signal a potential operational inflection, driven by disciplined underwriting and favorable reserve development. However, total revenue contracted in most quarters over the past two years, with Q1 2026 dow...

GrowthMixed
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AIG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth remains mixed, with Q2 2026 revenue up 0.6% year-over-year, but underwriting profitability improved sharply as the combined ratio fell to 80.7% from 85.2% in Q1 2026, driven by a loss ratio of 63.3%.

Analyst Consensus+15.7% target
Hold(41 analysts)
15 Buy25 Hold1 Sell

The Bull Case

Upside Catalysts

Strategic Shift to High‑Return P&C & Specialty Lines

After the Corebridge split, AIG has pivoted to higher‑return Property & Casualty underwriting, specialty lines, and capital‑light fee businesses. The realignment focuses on disciplined underwriting, reinsurance optimization, and selective acquisitions to lift returns.

Robust Underwriting Performance in 2025

AIG’s 2025 calendar combined ratio was 90.1% and the accident‑year combined ratio 88.3%. Underwriting income rose 22% YoY to $2.3 billion, while net income was $3.1 billion and adjusted after‑tax income $4.0 billion, a 43% increase.

Specialty Lines Expansion Across Global Markets

The company is expanding specialty commercial P&C lines—excess & surplus, financial lines, cyber, environmental, warranty, and high‑net‑worth segments—deepening its North America and London presence and selectively growing in EMEA and Asia.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AIG-8.59%
S&P 500 (^GSPC)+12.39%
1-Year Return
AIG+1.02%
S&P 500 (^GSPC)+15.77%
3-Year Return
AIG+29.89%
S&P 500 (^GSPC)+77.01%
5-Year Return
AIG+52.86%
S&P 500 (^GSPC)+71.54%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
13.9x
Forward P/EExpansion
9.4x
EV/EBITDA20th %ile
6.5x
FCF YieldCash Flow
8.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.9x
13.6x
60th· Fair
EV/EBITDA
6.5x
7.7x
20th· Low
Price/FCF
12.1x
12.1x
60th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$33.33-55.9%
Base (Fair)$73.75-2.1%
Bull$131.45+73.9%
$33.33 Bear$73.75 Base$131.45 Bull
Current Market Price: $75.58
Trades at a 2.5% premium to Base DCF ($73.75)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$26.77B-1.8% YoY
Net income
$3.1B+320.5% YoY
Free cash flow
$3.31B+1.3% YoY
Operating margin
14.5%+0.3 pts YoY
ROIC (TTM)5.9%
Avg ROIC 5Y-
ROE (TTM)7.4%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$2.00+4.2%
vs $1.92
$7.1B-2.1%
vs $7.2B
Q2 2026
Apr 30, 2026
$2.11+11.6%
vs $1.89
$6.8B-3.6%
vs $7.0B
Q1 2026
Feb 10, 2026
$1.96+3.2%
vs $1.90
$6.7B-2.5%
vs $6.9B
Q4 2025
Nov 4, 2025
$2.20+27.9%
vs $1.72
$6.4B-6.0%
vs $6.8B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 16, 2026
Jon Hancock to Retire from AIG

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Jon Hancock will retire as Executive Vice President and Chief Executive Officer, General Insurance and transition to the role of Senior Advisor effective December 31, 2026, following more than six years in executive leadership roles at AIG and a distinguished, 40-year career in the insurance industry. As Senior Advisor, Mr. Hancock will report to Eric Andersen, President & Chief Executive Officer.

Defense World·Sep 14, 2026
Corient Private Wealth LP Sells 37,499 Shares of American International Group, Inc. $AIG

Corient Private Wealth LP cut its stake in shares of American International Group, Inc. (NYSE: AIG) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 317,431 shares of the insurance provider's stock after selling 37,499 shares

Zacks Investment Research·Sep 11, 2026
American International Group (AIG) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American International Group (AIG) have what it takes?

Zacks Investment Research·Sep 8, 2026
Is AIG Stock Worth Holding as Buybacks Boost Shareholder Value?

American International Group's improving underwriting, premium growth and $1.7B in first-half 2026 capital returns support its appeal despite pricing and catastrophe risks.

Filtered for American International Group, Inc.More Headlines
04

Compare before deciding

Benchmark AIG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for American International Group, Inc. (AIG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AIG logoAIGAmerican International Group, Inc.Current
$75.58$40.07B13.92-1.82%11.56%7.4%2.26%
MET logoMETMetLife, Inc.
$97.20$62.54B20.2510.22%4.61%12.75%—
PRU logoPRUPrudential Financial, Inc.
$117.59$40.8B11.51-13.74%5.93%11.2%—
HIG logoHIGThe Hartford Insurance Group, Inc.
$126.59$34.7B9.507.1%15.03%22.99%—
TRV logoTRVThe Travelers Companies, Inc.
$360.39$75.17B13.145.17%16.95%25.62%—
ALL logoALLThe Allstate Corporation
$225.66$58.09B5.914.64%19.24%43.16%—

Compare AIG vs Peers

American International Group, Inc. (AIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MET

Most directly comparable listed peer for AIG.

Scale Benchmark

vs BAC

Larger-name benchmark to compare AIG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MET, PRU, HIG, TRV

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AIG SEC Filings & Documents

American International Group, Inc. (AIG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

May 14, 2026·SEC

Material company update

Apr 30, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 12, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 7, 2026·SEC

FY 2026

May 1, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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AIG Frequently Asked Questions

American International Group, Inc. (AIG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is American International Group, Inc. growing?

American International Group, Inc. (AIG) saw revenue decline by 1.8% over the past year.

Is AIG profitable?

Yes, American International Group, Inc. (AIG) is profitable, generating $2.96B in net income for fiscal year 2025 (11.6% net margin).

Dividend & Returns
Does AIG pay dividends?

Yes, American International Group, Inc. (AIG) pays a dividend with a yield of 2.26%. This makes it attractive for income-focused investors.

What is AIG's return on equity?

American International Group, Inc. (AIG) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.

Industry Metrics
What is American International Group, Inc.'s combined ratio?

American International Group, Inc. (AIG) has a combined ratio of 85.5%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in AIG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →