NYSE : AIG
American International Group, Inc. — Financial statements
Financials · Insurance - Diversified · United States
Last price 81.9 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 42.82B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 24.40B | 23.75B | 23.54B | 25.56B | 26.77B | 34.29B |
| Total Interest & Dividend Income | 3.48B | 4.21B | 4.25B | 3.45B | 2.37B | 14.55B |
| Gain (Loss) on Sale of Investments | -379.00M | -589.00M | -660.00M | -750.00M | -771.00M | 1.01B |
| Other Revenue | -762.00M | -766.00M | -105.00M | -426.00M | 1.36B | 1.95B |
| Total Revenue | 26.74B | 26.61B | 27.03B | 27.83B | 29.72B | 51.81B |
| Policy Benefits | 13.93B | 14.16B | 14.57B | 15.39B | 15.46B | 26.91B |
| Policy Acquisition & Underwriting Costs | 3.42B | 3.37B | 3.42B | 3.77B | 3.54B | 4.52B |
| Selling, General & Administrative | 4.71B | 4.61B | 4.78B | 5.04B | 5.74B | 8.29B |
| Other Operating Expenses | 25.00M | -1.00M | 23.00M | 25.00M | -19.00M | -335.00M |
| Total Operating Expenses | 22.09B | 22.15B | 22.80B | 24.23B | 24.72B | 39.39B |
| Operating Income | 4.65B | 4.46B | 4.23B | 3.60B | 5.00B | 12.42B |
| Interest Expense | -404.00M | -396.00M | -462.00M | -516.00M | -603.00M | -1.30B |
| Currency Exchange Gain (Loss) | -78.00M | 163.00M | 247.00M | 129.00M | 256.00M | 17.00M |
| EBT Excluding Unusual Items | 4.17B | 4.23B | 4.01B | 3.21B | 4.65B | 11.13B |
| Merger & Restructuring Charges | -439.00M | -439.00M | -745.00M | -356.00M | -423.00M | -433.00M |
| Gain (Loss) on Sale of Assets | -105.00M | 81.00M | 616.00M | -29.00M | -153.00M | 3.04B |
| Legal Settlements | -3.00M | |||||
| Other Unusual Items | 5.00M | -14.00M | 37.00M | -303.00M | -389.00M | |
| Pretax Income | 3.63B | 3.88B | 3.87B | 2.87B | 3.77B | 13.35B |
| Income Tax Expense | 660.00M | 782.00M | 1.17B | 126.00M | 882.00M | 2.44B |
| Earnings From Continuing Ops. | 2.97B | 3.10B | 2.70B | 2.74B | 2.89B | 10.91B |
| Earnings From Discontinued Ops. | -3.63B | 1.14B | 8.38B | |||
| Net Income to Company | 2.97B | 3.10B | -926.00M | 3.88B | 11.27B | 10.91B |
| Minority Interest in Earnings | -1.00M | -1.00M | -478.00M | -235.00M | -1.05B | -539.00M |
| Net Income | 2.96B | 3.10B | -1.40B | 3.64B | 10.23B | 10.37B |
| Preferred Dividends & Other Adjustments | 22.00M | 29.00M | 29.00M | 29.00M | ||
| Net Income to Common | 2.96B | 3.10B | -1.43B | 3.61B | 10.20B | 10.34B |
| Shares Outstanding (Basic) | 540.33M | 565.08M | 651.45M | 719.51M | 778.62M | 854.32M |
| Shares Outstanding (Diluted) | 545.01M | 570.35M | 657.28M | 725.23M | 787.94M | 864.88M |
| EPS (Basic) | 5.49 | 5.48 | -2.19 | 5.02 | 13.10 | 12.10 |
| EPS (Diluted) | 5.44 | 5.43 | -2.17 | 4.98 | 12.94 | 11.95 |
| Dividend Per Share | 1.85 | 1.75 | 1.56 | 1.40 | 1.28 | 1.28 |
| Operating Margin | 17.40% | 16.78% | 15.64% | 12.94% | 16.82% | 23.96% |
| Profit Margin | 11.09% | 11.63% | -5.28% | 12.98% | 34.31% | 19.95% |
| EBITDA | 8.15B | 7.92B | 7.83B | 7.44B | 8.86B | 16.96B |
| EBITDA Margin | 30.46% | 29.76% | 28.95% | 26.74% | 29.81% | 32.73% |
| D&A For EBITDA | 3.49B | 3.46B | 3.60B | 3.84B | 3.86B | 4.54B |
| EBIT | 4.65B | 4.46B | 4.23B | 3.60B | 5.00B | 12.42B |
| EBIT Margin | 17.40% | 16.78% | 15.64% | 12.94% | 16.82% | 23.96% |
| Effective Tax Rate | 18.20% | 20.16% | 30.23% | 4.40% | 23.38% | 18.29% |
| Revenue as Reported | 26.64B | 26.77B | 27.25B | 27.94B | 30.00B | 52.16B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 72.14B | 71.77B | 64.75B | 65.91B | 230.64B | 283.48B |
| Investments in Equity & Preferred Securities | 3.73B | 3.53B | 4.29B | 4.39B | 11.13B | 9.74B |
| Policy Loans | 4.00M | 6.00M | 7.00M | 1.76B | 1.84B | |
| Other Investments | 13.15B | 14.50B | 20.39B | 15.30B | 15.48B | 17.10B |
| Total Investments | 91.20B | 92.44B | 92.84B | 89.51B | 303.78B | 355.50B |
| Cash & Equivalents | 1.49B | 1.27B | 1.30B | 1.54B | 2.04B | 2.20B |
| Reinsurance Recoverable | 38.79B | 38.00B | 38.05B | 39.13B | 69.72B | 74.28B |
| Other Receivables | 13.89B | 11.63B | 11.78B | 11.28B | 21.01B | 18.38B |
| Deferred Policy Acquisition Cost | 2.22B | 2.11B | 2.06B | 2.12B | 12.86B | 10.51B |
| Separate Account Assets | 84.85B | 109.11B | ||||
| Property, Plant & Equipment | 690.00M | 696.00M | 744.00M | 880.00M | 1.00B | |
| Goodwill | 3.42B | 3.44B | 3.37B | 3.42B | 3.93B | 4.06B |
| Other Intangible Assets | 684.00M | 370.00M | 249.00M | 704.00M | 758.00M | |
| Restricted Cash | 75.00M | 71.00M | 70.00M | 33.00M | 173.00M | 229.00M |
| Other Current Assets | 2.55B | 2.45B | 2.22B | 380.82B | 1.31B | 843.00M |
| Long-Term Deferred Tax Assets | 4.88B | 5.10B | 4.96B | 6.19B | 14.80B | 11.71B |
| Long-Term Deferred Charges | 307.00M | |||||
| Other Long-Term Assets | 4.94B | 3.38B | 3.60B | 4.27B | 6.16B | 7.22B |
| Total Assets | 163.46B | 161.25B | 161.32B | 539.31B | 522.23B | 596.11B |
| Accrued Expenses | 1.51B | 1.56B | 1.52B | 1.35B | ||
| Insurance & Annuity Liabilities | 1.62B | 1.74B | 1.74B | 1.96B | 211.36B | 210.43B |
| Unpaid Claims | 69.85B | 70.67B | 69.17B | 70.39B | 75.17B | 79.03B |
| Unearned Premiums | 27.49B | 23.44B | 23.28B | 23.59B | 18.34B | 19.31B |
| Current Portion of Long-Term Debt | 966.00M | 36.00M | ||||
| Current Portion of Leases | 129.00M | 1.10B | ||||
| Current Income Taxes Payable | 636.00M | 661.00M | 426.00M | 347.00M | ||
| Long-Term Debt | 8.16B | 9.15B | 8.92B | 10.61B | 27.18B | 30.16B |
| Long-Term Leases | 727.00M | 868.00M | 894.00M | 1.20B | ||
| Separate Account Liability | 84.85B | 109.11B | ||||
| Other Current Liabilities | 6.35B | 6.42B | 6.36B | 372.51B | 30.61B | 51.04B |
| Other Long-Term Liabilities | 6.25B | 5.56B | 6.48B | 6.35B | 30.16B | 26.92B |
| Total Liabilities | 122.84B | 120.09B | 118.77B | 488.00B | 478.77B | 527.20B |
| Preferred Stock, Redeemable | 485.00M | 485.00M | 485.00M | |||
| Common Stock | 4.77B | 4.77B | 4.77B | 4.77B | 4.77B | 4.77B |
| Additional Paid-In Capital | 75.34B | 75.37B | 75.35B | 75.81B | 79.92B | 81.85B |
| Retained Earnings | 38.39B | 37.19B | 35.08B | 37.52B | 34.89B | 23.79B |
| Treasury Stock | -72.28B | -71.20B | -65.57B | -59.19B | -56.47B | -51.62B |
| Comprehensive Income & Other | -5.61B | -4.99B | -7.10B | -14.04B | -22.62B | 6.69B |
| Total Common Equity | 40.61B | 41.14B | 42.52B | 44.87B | 40.48B | 65.47B |
| Minority Interest | 20.00M | 23.00M | 29.00M | 5.95B | 2.48B | 2.96B |
| Shareholders' Equity | 40.63B | 41.16B | 42.55B | 51.30B | 43.45B | 68.91B |
| Total Liabilities & Equity | 163.46B | 161.25B | 161.32B | 539.31B | 522.23B | 596.11B |
| Filing Date Shares Outstanding | 522.89M | 536.56M | 593.33M | 680.95M | 737.25M | 814.76M |
| Total Common Shares Outstanding | 524.72M | 538.18M | 606.16M | 688.84M | 734.13M | 818.69M |
| Total Debt | 9.13B | 10.05B | 9.79B | 11.50B | 28.28B | 31.36B |
| Net Cash (Debt) | -7.64B | -8.77B | -8.49B | -9.96B | -26.24B | -29.16B |
| Net Cash Per Share | -14.01 | -15.38 | -12.91 | -13.73 | -33.30 | -33.72 |
| Book Value Per Share | 77.39 | 76.44 | 70.15 | 65.13 | 55.15 | 79.97 |
| Tangible Book Value | 37.18B | 37.02B | 38.78B | 41.20B | 35.85B | 60.66B |
| Tangible Book Value Per Share | 70.86 | 68.79 | 63.97 | 59.80 | 48.84 | 74.09 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.96B | 3.10B | -1.40B | 3.64B | 10.23B | 10.37B |
| Depreciation & Amortization | 3.49B | 3.46B | 3.60B | 3.84B | 3.86B | 4.54B |
| Gain (Loss) on Sale of Assets | 105.00M | -81.00M | -616.00M | 29.00M | 153.00M | -3.04B |
| Gain (Loss) on Sale of Investments | 518.00M | 706.00M | 637.00M | 662.00M | 637.00M | -2.10B |
| Change in Accounts Receivable | -1.11B | -1.17B | -571.00M | 544.00M | -1.68B | -724.00M |
| Reinsurance Recoverable | 223.00M | 501.00M | 727.00M | -204.00M | 2.79B | -1.04B |
| Change in Income Taxes | 198.00M | 452.00M | 468.00M | -338.00M | 199.00M | 1.58B |
| Change in Insurance Reserves / Liabilities | 1.20B | 93.00M | 341.00M | 823.00M | -4.49B | 4.47B |
| Change in Other Net Operating Assets | -871.00M | -197.00M | 197.00M | 1.97B | 1.63B | -1.53B |
| Other Operating Activities | 495.00M | -427.00M | 3.55B | 136.00M | -4.91B | -1.37B |
| Operating Cash Flow | 3.85B | 3.31B | 3.27B | 6.24B | 4.13B | 6.22B |
| Investment in Securities | -208.00M | 2.97B | 4.79B | -3.54B | 2.74B | -6.22B |
| Other Investing Activities | -677.00M | -821.00M | -4.24B | -6.29B | -7.64B | -995.00M |
| Investing Cash Flow | -44.00M | 3.19B | 1.67B | -7.02B | -3.63B | -3.28B |
| Long-Term Debt Issued | 1.24B | 661.00M | 742.00M | 97.00M | 4.45B | |
| Total Debt Repaid | -29.00M | -1.10B | -2.05B | -2.35B | -9.76B | -8.64B |
| Net Debt Issued (Repaid) | -29.00M | 140.00M | -1.39B | -1.61B | -9.66B | -4.20B |
| Repurchases of Common Stock | -2.98B | -5.84B | -6.65B | -2.96B | -5.20B | -2.59B |
| Repurchases of Preferred Stock | -485.00M | |||||
| Common Dividends Paid | -992.00M | -976.00M | -1.00B | -997.00M | -982.00M | -1.08B |
| Preferred Dividends Paid | -22.00M | -29.00M | -29.00M | -29.00M | ||
| Total Dividends Paid | -992.00M | -976.00M | -1.02B | -1.03B | -1.01B | -1.11B |
| Other Financing Activities | -47.00M | 129.00M | 4.49B | 6.38B | 15.27B | 1.22B |
| Financing Cash Flow | -4.05B | -6.54B | -5.06B | 782.00M | -602.00M | -3.68B |
| Foreign Exchange Rate Adjustments | -32.00M | 12.00M | -83.00M | -13.00M | -117.00M | -67.00M |
| Miscellaneous Cash Flow Adjustments | 11.00M | -95.00M | ||||
| Net Cash Flow | -276.00M | -27.00M | -201.00M | 2.00M | -306.00M | -803.00M |
| Levered Free Cash Flow | 7.37B | 11.26B | 16.33B | 5.87B | -14.28B | 14.56B |
| Unlevered Free Cash Flow | 7.62B | 11.51B | 16.61B | 6.19B | -13.91B | 15.38B |
| Cash Interest Paid | 394.00M | 389.00M | 858.00M | 1.06B | 1.13B | 1.35B |
| Cash Income Tax Paid | 465.00M | 330.00M | 708.00M | 984.00M | 746.00M | 862.00M |
| Change in Working Capital | -4.01B | -3.76B | -2.36B | -1.36B | -5.28B | -2.22B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 43.31B | 46.16B | 45.41B | 47.56B | 46.99B | 47.21B |
| Enterprise Value | 50.95B | 53.85B | 54.03B | 73.34B | 77.59B | 77.34B |
| PE Ratio | 15.22 | 14.91 | 13.16 | 4.61 | 4.57 | |
| PS Ratio | 1.60 | 1.74 | 1.68 | 1.71 | 1.58 | 0.91 |
| PB Ratio | 1.06 | 1.12 | 1.07 | 0.93 | 1.08 | 0.69 |
| P/OCF Ratio | 11.10 | 13.93 | 13.87 | 7.62 | 11.37 | 7.59 |
| EV/Sales Ratio | 1.88 | 2.02 | 2.00 | 2.63 | 2.61 | 1.49 |
| EV/EBITDA Ratio | 6.18 | 6.80 | 6.90 | 9.85 | 8.76 | 4.56 |
| EV/EBIT Ratio | 10.83 | 12.06 | 12.78 | 20.36 | 15.52 | 6.23 |
| Debt / Equity Ratio | 0.23 | 0.24 | 0.23 | 0.22 | 0.65 | 0.46 |
| Debt / EBITDA Ratio | 1.10 | 1.24 | 1.23 | 1.51 | 3.13 | 1.82 |
| Net Debt / Equity Ratio | 0.19 | 0.21 | 0.20 | 0.19 | 0.60 | 0.42 |
| Net Debt / EBITDA Ratio | 0.94 | 1.11 | 1.08 | 1.34 | 2.96 | 1.72 |
| Quick Ratio | 0.22 | 0.22 | 0.26 | 0.05 | 0.22 | 0.19 |
| Current Ratio | 0.61 | 0.62 | 0.67 | 0.95 | 0.81 | 0.71 |
| Asset Turnover | 0.16 | 0.17 | 0.08 | 0.05 | 0.05 | 0.09 |
| Return on Equity (ROE) | 7.22% | 7.40% | 5.75% | 5.79% | 5.14% | 16.02% |
| Return on Assets (ROA) | 1.76% | 1.73% | 0.75% | 0.42% | 0.56% | 1.31% |
| Return on Invested Capital (ROIC) | 7.66% | 6.88% | 5.12% | 5.12% | 4.45% | 9.85% |
| Earnings Yield | 6.57% | 6.71% | -3.09% | 7.66% | 21.77% | 21.96% |
| Dividend Yield | 2.41% | 2.04% | 2.08% | 2.03% | 2.00% | 2.22% |
| Payout Ratio | 36.76% | 31.52% | 28.16% | 9.89% | 10.73% | |
| Buyback Yield / Dilution | 11.07% | 13.23% | 9.37% | 7.96% | 8.90% | 0.51% |
| Total Shareholder Return | 13.51% | 15.27% | 11.45% | 9.99% | 10.90% | 2.73% |