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American International Group AIG North America Commercial — Losses and Loss Expenses Incurred

Other segment segments

International Commercial
$4.78B+7.1%
Global Personal
$3.72B-3.7%

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CBNorth America Commercial P&C Insurance — Segment Underwriting Income Loss and Net Investment Income Loss
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CBNorth America General Liability — Short-duration Insurance Contracts, Incurred Claims and Allocated Claim Adjustment Expense, Net
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CBNorth America Non Casualty — Ceded unpaid loss and allocated loss adjustment expense
$733M-28.3%

Other financials

Income statement

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Revenue$6.7B-2.0%
Net income$763.0M+9.3%
EPS (diluted)$1.41+21.6%

Balance sheet

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Cash & equivalents$1.5B+4.4%
Total debt$10.0B+2.6%
Total equity$40.4B-2.5%
Total assets$161.54B-0.2%

Cash flow

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Operating cash flow$155.0M+377%
CapEx$60.0M+14.3%
Free cash flow$1.5B+53.0%

Valuation

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Market cap$40.07B-18.6%
P/E12.7×-2.7×
P/S1.5×-0.3×

Profitability

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Net margin11.9%+8.6pp
FCF margin21.5%

Returns & leverage

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Return on equity7.7%+5.6pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by American International Group in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense.

The official record: American International Group’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American International Group's north america commercial — losses and loss expenses incurred?
American International Group (AIG) reported north america commercial — losses and loss expenses incurred of $1.37B in Q4 2025.
How has American International Group's north america commercial — losses and loss expenses incurred changed year-over-year?
American International Group's north america commercial — losses and loss expenses incurred decreased by 4.3% year-over-year, from $1.43B to $1.37B.
What is the long-term trend for American International Group's north america commercial — losses and loss expenses incurred?
Over 3 years (2022 to 2025), American International Group's north america commercial — losses and loss expenses incurred has grown at a -8.9% compound annual growth rate (CAGR), from $7.22B to $5.47B.
What does north america commercial — losses and loss expenses incurred mean?
The sum of paid claims and the change in reserves for unpaid claims during the period, including the costs associated with investigating and settling those claims. This is the primary measure of underwriting performance and risk management effectiveness. It directly impacts the segment's underwriting margin.