American International Group, Inc.

AIG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$46,161	$45,410	$47,563	$46,986	$47,211	$31,435	$42,619	$32,722	$49,469	$54,227	$76,658	$79,980	$75,256	$59,558	$41,746	$6,965	$3,590	$3,660	$133,367	$165,388	$156,807	$151,446	$153,088	$136,502	$184,165	$227,389	$166,556	$103,887	$77,402	$45,131	$38,803	$27,457	$24,265	$21,531	$18,411	$14,065	$15,249	$9,846	$8,561	$8,916	$6,923
Enterprise value	$54,101	$53,059	$62,829	$75,167	$78,132	$66,979	$63,635	$55,663	$68,898	$71,527	$94,698	$98,570	$115,319	$107,574	($170,173)	$139,788	$121,651	$149,650	$266,203	$292,772	($133,473)	($146,680)	($102,097)	($56,690)	$26,657	$107,869	$103,314	$52,164	$99,644	$66,985	$54,833	$42,632	$40,154	$35,095	$30,333	$24,450	$21,110	$11,520	$8,993	$9,836	$7,654
P/E (TTM) at period end	14.91×	–	13.16×	4.61×	4.57×	–	12.81×	–	–	–	34.91×	10.62×	8.28×	17.32×	2.11×	3.40×	–	–	21.51×	11.77×	14.97×	15.17×	18.90×	23.27×	33.49×	34.25×	26.92×	24.26×	20.86×	15.58×	15.46×	12.62×	12.52×	12.99×	11.86×	9.75×	11.15×	8.09×	9.06×	13.58×	18.53×
P/S (TTM) at period end	1.72×	1.67×	1.70×	1.57×	0.91×	0.72×	0.86×	0.69×	1.00×	1.04×	1.31×	1.24×	1.09×	0.84×	0.64×	0.10×	0.05×	–	1.63×	1.46×	1.44×	1.55×	1.93×	2.05×	2.98×	4.04×	3.66×	3.15×	2.61×	1.75×	2.98×	2.33×	1.30×	1.26×	1.17×	0.95×	1.12×	0.75×	0.77×	1.02×	1.23×
P/B at period end	1.12×	1.07×	1.05×	1.15×	0.72×	0.47×	0.65×	0.58×	0.76×	0.71×	0.86×	0.75×	0.75×	0.61×	0.41×	0.08×	0.05×	0.07×	1.39×	1.63×	1.81×	1.88×	2.19×	2.34×	3.53×	4.79×	5.00×	3.45×	3.22×	2.05×	1.96×	1.67×	1.59×	1.68×	1.61×	1.42×	1.81×	1.41×	1.49×	1.83×	1.87×
EV / EBITDA (TTM)	7.07×	7.26×	8.66×	8.80×	3.99×	–	5.43×	8.03×	10.59×	13.56×	10.30×	5.91×	7.11×	8.57×	(17.13×)	4.24×	–	–	12.07×	12.17×	(7.67×)	(8.69×)	(7.42×)	(5.86×)	2.78×	9.57×	9.81×	7.22×	16.08×	13.78×	13.05×	12.06×	3.77×	3.50×	–	–	–	–	–	–	–
EV / Sales (TTM)	2.02×	1.95×	2.25×	2.51×	1.50×	1.53×	1.28×	1.17×	1.39×	1.37×	1.62×	1.53×	1.67×	1.51×	(2.61×)	1.92×	1.61×	–	3.25×	2.58×	(1.23×)	(1.50×)	(1.29×)	(0.85×)	0.43×	1.91×	2.27×	1.58×	3.36×	2.60×	4.21×	3.62×	2.15×	2.05×	1.92×	1.64×	1.56×	0.87×	0.81×	1.13×	1.36×
Returns
Return on equity	7.5%	(3.4%)	8.0%	24.9%	15.7%	(9.0%)	5.1%	(0.0%)	(9.3%)	(1.1%)	2.4%	7.0%	9.0%	3.5%	19.5%	2.4%	(17.5%)	(189.1%)	6.5%	13.8%	12.1%	12.4%	11.6%	10.1%	10.5%	14.0%	18.6%	14.2%	15.5%	13.1%	12.7%	13.2%	12.7%	13.0%	13.5%	14.6%	16.3%	17.4%	16.4%	13.5%	10.1%
Return on invested capital	6.8%	5.2%	5.4%	5.2%	12.7%	(4.6%)	5.2%	0.7%	–	1.1%	2.6%	6.4%	7.9%	3.6%	–	8.3%	(5.5%)	(39.5%)	3.2%	6.0%	5.7%	6.0%	5.6%	4.6%	4.9%	6.9%	9.8%	7.2%	7.6%	6.4%	6.6%	6.4%	24.1%	27.8%	–	–	–	–	–	–	–
Dividend yield	2.1%	2.2%	2.1%	2.1%	2.3%	3.5%	2.6%	3.5%	2.4%	2.5%	1.3%	0.9%	0.4%	–	0.8%	–	–	44.5%	1.4%	1.0%	0.9%	0.5%	0.4%	0.3%	0.4%	0.3%	0.4%	0.3%	0.3%	0.4%	0.4%	0.5%	0.5%	0.5%	0.6%	0.7%	0.5%	–	–	–	–
Financial health
Current ratio	–	–	–	–	–	6.13×	5.82×	4.97×	5.54×	4.85×	4.35×	4.40×	3.93×	3.22×	0.69×	3.01×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Debt / equity	0.22×	0.21×	0.24×	0.70×	0.46×	0.57×	0.54×	0.61×	0.49×	0.41×	0.33×	0.29×	0.41×	0.49×	0.74×	1.25×	2.03×	3.67×	1.84×	1.46×	1.25×	1.18×	1.12×	1.23×	1.26×	1.15×	0.99×	1.06×	1.05×	1.07×	0.91×	1.07×	1.03×	1.05×	1.04×	1.05×	0.70×	0.24×	0.07×	0.19×	0.20×
Effective tax rate	20.2%	30.2%	4.4%	23.4%	18.3%	20.0%	22.1%	59.9%	513.4%	(250.0%)	32.3%	27.9%	3.8%	(27.9%)	2193.6%	34.5%	10.4%	9.1%	1.4%	30.1%	28.0%	29.7%	29.9%	24.5%	28.7%	29.6%	30.1%	28.4%	28.7%	27.5%	27.6%	26.3%	26.3%	24.0%	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	570	657	725	788	865	869	890	910	931	1,091	1,334	1,448	1,481	1,687	1,799	137	135	132	130	131	131	132	132	135	132	132	132	117	116	100	100	101	100	100	102	98	97	97	96	98	88

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$26,636	$26,775	$27,251	$27,938	$29,996	$52,157	$43,736	$49,746	$47,389	$49,520	$52,367	$58,327	$64,406	$68,874	$71,214	$65,105	$72,829	$75,447	($6,840)	$81,807	$113,387	$108,905	$97,666	$79,421	$66,460	$61,766	$56,338	$45,501	$32,968	$29,640	$25,812	$13,020	$11,774	$18,676	$17,084	$15,792	$14,872	$13,566	$13,211	$11,145	$8,720	$5,639
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($91,700)	($93,692)	($82,821)	($67,514)	($58,478)	–	($46,000)	($35,502)	($26,614)	($24,351)	–	($25,220)	($21,704)	($8,499)	($7,444)	–	–	–	–	–	–	–
Gross profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$21,687	$15,213	$14,845	$11,907	$7,982	–	$10,338	$9,999	$6,354	$5,289	–	($12,201)	($9,930)	$10,177	$9,640	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($5,144)	($5,053)	($5,529)	($5,399)	($6,159)	($8,728)	($8,396)	($8,537)	($9,302)	($9,107)	($10,989)	($12,686)	($13,138)	($13,564)	($13,013)	($8,458)	($10,163)	($6,818)	($20,833)	($15,644)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total operating expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($315)	($600)	($77)	$21	–	$15,667	$12,882	–	–	–	–	–	–	–	–	–
Total costs and expenses	($22,503)	($22,581)	($23,535)	($24,526)	($25,318)	($37,116)	($49,572)	($43,042)	($45,823)	($46,886)	($51,181)	($53,765)	($52,187)	($57,364)	($66,004)	($62,545)	($45,840)	($89,754)	($99,688)	($72,864)	($91,700)	($93,692)	($82,821)	($67,514)	($58,478)	($53,627)	($46,315)	($36,102)	($26,691)	($24,330)	($21,756)	($9,554)	($8,822)	($8,499)	($7,444)	–	–	–	–	–	–	–
Operating income	$4,133	$4,194	$3,716	$3,412	$4,678	$15,041	($5,836)	$6,704	$1,566	$2,634	$1,186	$4,562	$12,219	$11,510	$5,210	$2,560	$26,989	($14,307)	($106,528)	$8,943	$21,687	$15,213	$14,845	$11,907	$7,982	$8,139	$10,023	$9,399	$6,277	$5,310	$4,056	$3,466	$2,952	$10,177	$9,640	–	–	–	–	–	–	–
Earnings
EBITDA	$7,627	$7,649	$7,313	$7,253	$8,539	$19,583	($1,716)	$11,710	$6,928	$6,508	$5,276	$9,191	$16,667	$16,223	$12,559	$9,932	$32,966	($2,233)	($93,653)	$22,053	$24,061	$17,413	$16,880	$13,768	$9,668	$9,576	$11,266	$10,529	$7,229	$6,195	$4,862	$4,200	$3,534	$10,649	$10,032	–	–	–	–	–	–	–
Interest income	–	$192	$261	$321	$291	$1,740	$1,989	$2,030	$1,883	$1,661	–	–	–	–	–	–	–	–	–	–	$1,253	$1,177	$1,096	$1,047	$1,034	$1,141	$889	$1,009	$820	$766	$678	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($404)	($396)	($462)	($516)	($603)	($1,305)	($1,457)	($1,417)	($1,309)	($1,168)	($1,260)	($1,281)	($1,718)	($2,142)	($2,319)	($2,444)	($6,742)	($14,358)	($15,713)	($3,483)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($226)	($88)	($71)	($43)
Pre-tax income	$3,626	$3,879	$3,870	$2,867	$3,772	$13,347	($7,293)	$5,287	$257	$1,466	($74)	$3,281	$10,501	$9,368	$2,891	($901)	$20,247	($14,307)	($106,528)	$8,943	$21,687	$15,213	$14,845	$11,907	$7,982	$8,139	$10,023	$9,399	$6,277	$5,310	$4,056	$3,466	$2,952	$2,601	$2,137	–	–	–	–	–	–	–
Income tax expense	($660)	($782)	($1,170)	($126)	($882)	($2,441)	$1,460	($1,166)	($154)	($7,526)	($185)	($1,059)	($2,927)	($360)	$808	$19,764	($6,993)	$1,489	$9,683	($125)	($6,537)	($4,258)	($4,407)	($3,556)	($1,956)	($2,339)	($2,971)	($2,833)	($1,785)	($1,525)	($1,116)	($956)	($776)	($683)	($512)	($470)	($369)	($338)	($223)	($153)	($108)	$11
Net income	$2,965	$3,096	($1,404)	$3,643	$10,227	$10,367	($5,944)	$3,348	($6)	($6,084)	($849)	$2,196	$7,529	$9,085	$3,438	$20,622	$10,058	($10,949)	($99,289)	$6,200	$14,048	$10,477	$9,983	$8,099	$5,866	$5,499	$6,639	$6,186	$4,282	$3,711	$2,897	$2,510	$2,176	$1,939	$1,657	$1,553	$1,442	$1,368	$1,217	$944	$657	$374
Per share
Diluted EPS (GAAP)	$5.47	$5.43	($2.17)	$4.98	$12.94	$11.95	($6.88)	$3.74	($0.01)	($6.54)	($0.78)	$1.65	$5.20	$6.13	$2.04	$11.01	$14.98	($80.91)	($753.82)	$47.80	$107.20	$79.80	$74.60	$61.40	$43.40	$40.40	$50.40	$46.80	$36.60	$32.00	$29.01	$25.13	$21.71	$19.40	$16.60	$15.20	$14.60	$14.00	$12.40	$9.80	$6.60	$4.20
Basic EPS (GAAP)	$5.51	$5.48	($2.19)	$5.02	$13.10	$12.10	($6.88)	$3.79	($0.01)	($6.54)	($0.78)	$1.69	$5.27	$6.16	$2.04	$11.01	$14.98	($80.91)	($753.82)	$48.00	$107.80	$80.60	$75.40	$62.00	$44.00	$41.00	$51.00	$47.40	$37.40	$32.67	$29.12	$25.13	$21.71	$19.60	$16.60	$15.40	$14.60	$14.00	$12.40	$9.80	$6.60	$4.20
Basic shares outstanding	540	565	651	720	779	854	869	877	898	931	1,091	1,300	1,428	1,474	1,687	1,799	137	135	132	129	130	130	130	130	133	131	130	131	114	113	99	100	100	99	100	100	98	97	97	96	98	88
Margins
Gross margin	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.1%	14.0%	15.2%	15.0%	12.0%	–	18.3%	22.0%	19.3%	17.8%	–	(93.7%)	(84.3%)	54.5%	56.4%	–	–	–	–	–	–	–
Operating margin	15.5%	15.7%	13.6%	12.2%	15.6%	28.8%	(13.3%)	13.5%	3.3%	5.3%	2.3%	7.8%	19.0%	16.7%	7.3%	3.9%	37.1%	(19.0%)	1557.4%	10.9%	19.1%	14.0%	15.2%	15.0%	12.0%	13.2%	17.8%	20.7%	19.0%	17.9%	15.7%	26.6%	25.1%	54.5%	56.4%	–	–	–	–	–	–	–
Net margin	11.1%	11.6%	(5.2%)	13.0%	34.1%	19.9%	(13.6%)	6.7%	(0.0%)	(12.3%)	(1.6%)	3.8%	11.7%	13.2%	4.8%	31.7%	13.8%	(14.5%)	1451.6%	7.6%	12.4%	9.6%	10.2%	10.2%	8.8%	8.9%	11.8%	13.6%	13.0%	12.5%	11.2%	19.3%	18.5%	10.4%	9.7%	9.8%	9.7%	10.1%	9.2%	8.5%	7.5%	6.6%

Analyst consensus

Hold41 analysts

Bearish · 1 · Hold · 25 · Bullish · 15

Earnings history

	EPS	Estimate
Q3 2024	$1.23	$1.10	Beat
Q4 2024	$1.30	$1.33	Miss
Q1 2025	$1.17	$1.00	Beat
Q2 2025	$1.81	$1.60	Beat
Q3 2025	$2.20	$1.72	Beat
Q4 2025	$1.96	$1.90	Beat
Q1 2026	$2.11	$1.89	Beat
Q2 2026	$2.00	$1.92	Beat

Peers

Company overview

IPO dateJan 2, 1973

CEOEric Andersen

Employees22,100

SectorFinancial Services

IndustryInsurance - Diversified

CountryUS

ExchangeNew York Stock Exchange

Websitewww.aig.com

American International Group, Inc. (AIG) is a global insurance provider, delivering a broad spectrum of insurance solutions to commercial, institutional, and individual clients across North America and worldwide. Its General Insurance division encompasses a wide range of coverages, including general liability, environmental protection, commercial auto liability, workers' compensation, casualty, and crisis management. This segment also covers property risks for commercial, industrial, and energy sectors, with further specialized offerings such as aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance policies. Additionally, AIG supplies professional liability coverage for various business operations and potential hazards, such as directors and officers (D&O), mergers and acquisitions (M&A), fidelity bonds, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions (E&O) insurance. The General Insurance segment extends to personal lines, featuring policies for automobiles, homes, and umbrella coverage, alongside specialized options for yachts, fine art, and valuable collections. It also includes voluntary and employer-sponsored personal accident and supplemental health plans, extended warranty protection, and travel insurance. AIG's Life and Retirement division focuses on providing a variety of annuity products such as variable, index-linked, and fixed annuities, as well as retail mutual funds. This segment also delivers financial planning and advisory services, in addition to comprehensive record-keeping, plan administration, and compliance support, along with both term and universal life insurance policies. Furthermore, it offers stable value wrap products, structured settlement annuities, and pension risk transfer solutions. Corporate-owned and bank-owned life insurance, alongside guaranteed investment contracts, complete its diverse portfolio. Distribution of these products occurs through a network of independent marketing organizations, independent insurance agents, financial advisors, direct marketing channels, banks, and broker-dealers. Established in 1919, the company maintains its headquarters in New York, New York.

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