AIG's reported EPS rose 21.6% year over year in 2026Q1 while total revenue fell 1.8%, suggesting earnings are being supported by margin discipline and capital actions rather than premium expansion.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue contracted in 2026Q1 by 1.8% even as EPS grew 21.6%, and the combined ratio of 83.6% in 2026Q3 indicates underwriting profit but with wide quarterly variance.
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.
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.
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.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $2.06+9.6% vs $1.88 | $7.5B+1.3% vs $7.4B |
Q3 2026 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 |
American International Group NYSE: AIG reported third-quarter adjusted after-tax income of $1.1 billion, or $2.06 per diluted share, as growth in underwriting income and net investment income helped offset a less favorable catastrophe-loss comparison with the prior-year period.
American International Group, Inc. ( AIG ) Q3 2026 Earnings Call November 4, 2026 8:30 AM EST Company Participants Quentin McMillan - VP, MD & Head of Investor Relations Eric Andersen - CEO, President & Director Keith Walsh - Executive VP & CFO Jon Hancock - EVP & Chief Executive Officer of General Insurance Conference Call Participants Yaron Kinar - Mizuho Securities USA LLC, Research Division Michael Zaremski - BMO Capital Markets Equity Research Taylor Scott - Barclays Bank PLC, Research Division Meyer Shields - Keefe, Bruyette, & Woods, Inc., Research Division Brian Meredith - UBS Investment Bank, Research Division Elyse Greenspan - Wells Fargo Securities, LLC, Research Division Joshua Shanker - BofA Securities, Research Division Presentation Operator Good day, and welcome to AIG's Third Quarter 2026 Financial Results Conference Call. This conference is being recorded.
American International's Q3 2026 earnings beat estimates by 11.4% on premium growth and higher investment income, despite elevated catastrophe losses.
American International Group is rated a buy, supported by solid Q3 results and ongoing underwriting improvements. AIG faces margin pressures as premium inflation moderates, but benefits from higher investment yields and a strong personal lines business mix. Shares trade below 10x earnings and at ~1.1x tangible book, offering attractive value relative to peers.
Benchmark AIG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for American International Group, Inc. (AIG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $77.75 | $41.22B | 12.44 | -1.82% | 11.88% | 8.18% | 2.2% | |
| $98.27 | $63.23B | 12.27 | 10.22% | 6.23% | 19.1% | 2.31% | |
| $119.24 | $41.38B | 10.92 | -13.74% | 6.17% | 11.21% | 4.62% | |
| $133.99 | $36.73B | 8.22 | 7.1% | 15.88% | 24.13% | 1.54% | |
| $395.20 | $82.43B | 9.99 | 5.17% | 17.03% | 26.24% | 1.09% | |
| $254.81 | $65.59B | 5.59 | 4.64% | 16.76% | 36.34% | 1.54% |
American International Group, Inc. (AIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
American International Group, Inc. (AIG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Aug 6, 2026·SEC
May 14, 2026·SEC
Feb 12, 2026·SEC
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American International Group, Inc. (AIG) stock FAQ — growth, dividends, profitability & financials explained
American International Group, Inc. (AIG) grew revenue by 1.3% over the trailing twelve months, compared with the twelve months before.
Yes. American International Group, Inc. (AIG) earned $3.29B in net income over the trailing twelve months (a 11.9% net margin).
Yes. American International Group, Inc. (AIG) pays a dividend that yields 2.20% at the current price, a moderate yield.
American International Group, Inc. (AIG) had a return on equity (ROE) of 8.2% over the trailing twelve months. That is below the market's typical 10-15%.
American International Group, Inc. (AIG) has a combined ratio of 85.5%. A ratio below 100% indicates underwriting profitability.
