What does U.S. excess casualty — year 3 (as a percent) mean?

This metric represents the cumulative percentage of total ultimate losses for a given accident year that are paid out by the end of the third year. It is used to model the long-term cash flow requirements and reserve duration for the U.S. Excess Casualty segment.

American International Group AIG U.S. Excess Casualty — Year 3 (as a percent)

Other product segments

UK/Europe Property and Special Risks

18.7%0.0%

U.S. Financial Lines

15.7%-1.9%

U.S. Other Casualty

11.9%-13.8%

UK/Europe Casualty and Financial lines

10.9%-5.2%

U.S. Workers' Compensation (before discount)

10.5%-4.5%

U.S. Property and Special Risks

10.4%-4.6%

UK/Europe and Japan Personal Insurance

6.9%-1.4%

U.S. Personal Insurance

4.9%+4.3%

Similar metrics at other companies

SPNTCasualty — Year 3

23.4%+1.3pp

RNRCasualty and Specialty — Average annual percentage payout, year three

12.6%+0.2pp

GLRECasualty — Year 3

29.8%+0.8pp

ASI

ASICCasualty — Unaudited Average Annual Percentage Payout of Incurred Claims by Age, Year 3

21.8%—

KNSLCasualty - occurrence — Historical Claims Duration, Year Three

11.7%-0.9pp

RNRCasualty and Specialty — Average annual percentage payout, year six

8.4%0.0pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 U.S. excess casualty — year 3 (as a percent)?: American International Group (AIG) reported U.S. excess casualty — year 3 (as a percent) of 8.3% in Q4 2025.
How has American International Group's U.S. excess casualty — year 3 (as a percent) changed year-over-year?: American International Group's U.S. excess casualty — year 3 (as a percent) decreased by 6.7% year-over-year, from 8.9% to 8.3%.
What does U.S. excess casualty — year 3 (as a percent) mean?: This metric represents the cumulative percentage of total ultimate losses for a given accident year that are paid out by the end of the third year. It is used to model the long-term cash flow requirements and reserve duration for the U.S. Excess Casualty segment.