026874107 Filings — American International Group, Inc. - FilingSpy
026874107
American International Group, Inc.
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A global insurer offering commercial and personal coverage — property, casualty, auto, homeowners, and high-net-worth policies — to clients in over 200 countries. It began in 1919 when American entrepreneur C.V. Starr, who once ran an ice cream parlor, opened a two-room insurance agency in Shanghai, becoming the first Westerner to sell insurance in China. The name American International Group, adopted in 1967, reflects those dual roots; in 2022 it spun off its life and retirement business as Corebridge Financial.
AIG fully exited its Corebridge stake for $1.46B while General Insurance underwriting income rose 10% to $686M.
AIG sold the rest of its shares, closing a chapter that reshaped its financials for two years. was flat at $7.1B and fell 17% to $948M as investment income dropped, but underwriting income rose 10% to $686M on lower catastrophe losses and favorable reserve development. The company is now a pure-play insurer with a 89.0 and $1.7B in quarterly .
Key takeaways
AIG fully exited its 22.7% stake in for aggregate proceeds of $1.46 billion, ending a multi-year divestiture process that began with the 2022 IPO.
underwriting income rose 10% to $686 million, with the improving 0.3 points to 89.0, driven by higher net favorable and lower catastrophe losses.
led the improvement with underwriting income up 24% to $372 million, benefiting from favorable Casualty reserve development and lower catastrophes.
Section summaries
Management's Discussion and Analysis
AIG's Q2 2026 net income fell 17% to $948M on lower investment income, while General Insurance underwriting income rose 10% on improved loss experience.
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Consolidated attributable to AIG common shareholders decreased 17% to $948 million, driven by a $339 million decline in net investment income, primarily from changes in the fair value of and equity securities.
underwriting income fell 33% to $200 million as its rose 5.4 points to 91.3, pressured by higher catastrophe losses and net adverse prior-year development.
swung to a $114 million underwriting profit from $25 million a year ago, with its improving 5.6 points to 92.9 on a lower and improved expense ratios.
Net investment income fell $339 million from the prior year, primarily from changes in the fair value of and equity securities, driving the 17% decline in to $948 million.
What changed
The stake exit flagged in every prior filing was completed this quarter for $1.46 billion in aggregate proceeds, removing a recurring source of fair-value volatility from net investment income.
The Q1 2026 watch item on underwriting resolved positively: underwriting income rose to $686 million from $774 million in Q1, with the at 89.0 versus 88.5, as catastrophe losses remained contained at $180 million.
rebounded to $1.716 billion from $155 million in Q1 2026, addressing the liquidity concern raised last quarter, though parent liquidity declined to $6.4 billion from $7.9 billion a year earlier after $1.2 billion in buybacks and $504 million in dividends.
What to watch
Q3 2026 and underwriting income after the 89.0 Q2 print, particularly whether 's adverse prior-year development continues.
Q3 2026 net investment income trajectory now that fair-value marks are removed from results.
Q3 2026 sustainability from the $1.716 billion Q2 print against $6.4 billion parent liquidity and $9.2 billion .
Any capital management actions following the exit proceeds, including pace and debt reduction.
underwriting income increased 10% to $686 million, with the improving 0.3 points to 89.0, reflecting higher net favorable and lower catastrophe losses.
underwriting income rose 24% to $372 million, driven by a 2.1-point improvement in its from higher favorable prior year development in Casualty and lower catastrophe losses.
underwriting income fell 33% to $200 million as its increased 5.4 points to 91.3, pressured by higher catastrophe losses, an increased accident year , and net adverse prior year development.
underwriting income swung to a $114 million profit from $25 million a year ago, with its improving 5.6 points to 92.9 due to a lower accident year and improved expense ratios.
AIG Parent repurchased $1.2 billion of common stock and paid $504 million in dividends, while fully exiting its stake in for aggregate proceeds of $1.46 billion.
Quantitative and Qualitative Disclosures About Market Risk
The information required by this item is set forth in the Enterprise Risk Management section of Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and is incorporated herein by reference.
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The information required by this item is set forth in the Enterprise Risk Management section of Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and is incorporated herein by reference.
In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part I, Item 1A. Risk Factors in the 2025 Annual Report.
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In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part I, Item 1A. Risk Factors in the 2025 Annual Report.