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American International Group Income Statement

Revenue, expenses, and profitability over time

American International Group generated $26.6B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $3.2B with a 11.86% net margin. Diluted EPS is $5.67, which grew 3.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$26.6BNet Income (TTM)$3.2BEps Diluted (TTM)$5.67
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$39.9B
P/E Ratio12.63
ROE7.73%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$52.8M$51.8M$51.8M$51.8M$51.8M—
Impairment charges$3M$0$0$286M$36M$4M
Policyholder Benefits And Claims Incurred Net$3.8B$3.8B$3.5B$3.4B$3.5B$3.5B
Restructuring charges$115M$76M$78M$153M$132M$76M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets$522M$3M$50M$0$28M-$127M
Net investment gains (losses)$467M$242M$526M-$182M—-$241M
Gain on retained interest in Sandisk$36M$230M$504M-$119M$39M-$247M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests$3M$0$0$5M—$0
Net income$898M$698M$1.1B$519M$735M$763M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity—-$754M—$819M—-$608M
Assumed$986.8M$936.8M$936.8M$936.8M$936.8M—
Aggregate fair value of available for sale securities sold$6.8B$4.8B$2.6B$2.5B$2.5B$3.8B
Business Combination And Divestiture Acquisition And Integration Related Costs$2M$5M$1M$7M$123M$7M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation-$272M$36M$433M-$247M-$249M$183M
Ceded Premiums Earned$2.9B$2.9B$2.9B$2.9B$2.9B—
Changes In Unpaid Net Loss Reserves Related To Deferred Gain, Amortization On Retroactive Reinsurance At Inception$34M$31M$31M$31M$31M—
Percent of Amount Assumed to Net16.8%———15.8%—
Current State And Local Tax Expense Benefit—$4.3M$4.3M$4.3M$4.3M—
Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis$3M$2M$0$3M—-$2M
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff$2M$8M$1M$5M$6M$0
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Sold$6M$4M$2M$0$6M$3M
Credit losses on securities without previous credit losses$3M$2M$18M$2M$6M$6M
Total net securities (losses)-$265M-$262M-$151M-$102M-$78M-$130M
Debt Securities, Available-for-Sale, Realized Loss$292M$278M$165M$117M$105M$150M
Capitalization$854M$750M$917M$869M$845M$881M
Amortization of deferred policy acquisition costs$882M$825M$847M$850M$849M$824M
Deferred Policy Acquisition Costs, Disposition$0$0$0$0$0—
Other, including foreign exchange-$98M$19M$72M——-$35M
State—-$3M-$3M-$3M-$3M—
Maximum percentage of annual compensation contributed by the participant (percent)6.0%———6.0%—
Depreciation, Amortization and Accretion, Net$990M$866M$883M$831M$875M$849M
Direct premiums earned$7.8B$7.9B$7.9B$7.9B$7.9B—
Gain in connection with sale$522M$3M$50M$0$28M-$127M
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$46M$18M$13M——-$6M
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Amount—$7M$7M$7M$7M—
Other————0.7%—
Effective Income Tax Rate Reconciliation, FDII, Amount—$14.8M$14.8M$14.8M$14.8M—
Effective Income Tax Rate Reconciliation, FDII, Percent————1.5%—
Other0.3%———0.5%—
Excess tax benefits associated with employee equity plans (in percent)-0.4%—————
Excess tax benefits associated with employee equity plans-$4M—————
Gain on sale of equity security$431M$12M$22M-$63M-$145M$6M
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period-$72M$27M$1M$17M$0$33M
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss-$2M$4M$2M$3M$1M$5M
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss—-$2M-$32M-$30M-$29M$17M
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period$0$0$0$0$0$0
Purchases$126M$163M$419M$524M$491M$160M
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings—-$41M$5M-$45M-$58M$9M
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, (Sales), Issuances, (Settlements)—-$8M$120M-$28M$46M-$17M
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales$150M$52M$48M$32M$52M$51M
Other Comprehensive (Income) Loss$0$0$0$0$0$0
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues$0$0$0$0$0$0
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements—$8M-$120M$28M-$46M$17M
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements$120M$237M$107M$205M$105M$213M
Gross Transfers Out$0$0$0$0$0$0
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3$0$0$0$0$0$0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases$0$0$0$0$0$0
Other$4M$0$0$0-$3M-$130M
Sales$0$0$0$0$0$0
Other$0$0$0$0$0$0
Issuances, liabilities$0$0$0$0$0$0
Gain (Loss) On Sale Of Debt Securities, Available For Sale And Other Assets, Net-$505M-$260M-$193M-$86M-$167M-$121M
Foreign exchange and other-$6.8M$15.5M$15.5M$15.5M$15.5M—
Net results of businesses in run-off, net investment income, reconciliation to income (loss) from continuing operations before income tax expense-$115M$5M$2M$1M—-$5M
Net results of businesses in run-off$4M$5M$8M$9M$9M$9M
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions$0$3M-$16M$29M-$16M$0
Current$164.3M$226.3M$226.3M$226.3M$226.3M—
Deferred$128.3M-$30.8M-$30.8M-$30.8M-$30.8M—
Federal taxes—-$57.3M-$57.3M-$57.3M-$57.3M—
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount$3.3M$5M$5M$5M$5M—
Income Tax Reconciliation Prior Year Income Taxes$60M—————
Income Taxes Paid, Net—$96M$62M$0$195M$96M
Current and deferred income taxes - net$473M$165M$336M$216M—$128M
Increase (Decrease) in Deferred Policy Acquisition Costs$854M$761M$927M$888M$862M$895M
Changes in the fair value of equity securities$414M$217M$464M-$288M—-$237M
Loss and loss adjustment expense reserves—-$319M$1.1B——$553M
Increase (Decrease) In Loss Reserve Discount, Current Year-$42M-$23M-$33M-$36M-$28M-$23M
Increase (Decrease) In Loss Reserve Discount, Including Reinsurance$27M$16M-$7M-$9M$3M-$101M
Increase (Decrease) In Loss Reserve Discount, Prior Year$86M$40M$45M$34M$49M-$25M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—$497M—-$56M$238M$430M
Increase (Decrease) In Premiums And Insurance Balances Receivable And Payable, Net$32M-$392M$1.2B$119M$236M$282M
Increase (Decrease) In Reinsurance Assets, Net-$1.9B$537M$61M-$326M-$773M$1B
Interest Paid, Excluding Capitalized Interest, Operating Activity$277M$72M$128M$68M$121M$67M
Total investment income$1.4B$1.1B$1.5B$810M$927M$752M
Liability For Unpaid Claims And Claims Adjustment Expense, Retroactive Reinsurance Discount-$68M-$1M-$19M-$7M-$18M-$53M
Retroactive reinsurance adjustment (net of discount)—$35M-$20M$77M—$18M
Losses and loss adjustment expenses recognized within net (gain) loss on divestitures$0$32M$15M$13M$0$4M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$3B-$2.7B-$1.5B-$1.5B-$799M-$799M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$2.7B$2.8B$564M——$833M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$125M-$56M$1.4B$1.3B$636M$155M
Net Income Loss Attributable To Noncontrolling Interest$3M$0$0$5M—$0
Non-operating litigation reserves and settlements—$11M$2M———
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken—$4M-$6M$0$3M-$1M
Change in unrealized appreciation (depreciation) of all other investments—$425M$492M$547M$31M-$616M
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts$0$6M$1M$5M$7M$4M
Occupancy and Related Charges$41M$37.5M$37.5M$37.5M$37.5M—
Operating lease income$44.3M$39M$39M$39M$39M—
Change in discount rates$0$9M———$5M
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax-$364M$322M———-$735M
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), After Reclassification, Before Tax-$500K-$250K-$250K-$250K-$250K-$1M
Other Comprehensive (Income) Loss, Defined Benefit Plan Net Actuarial Gain (Loss), After Reclassification Adjustment, Before Tax-$15.8M-$8M———-$7M
Acquisition termination fee$3M$4M$3M$3M$6M$5M
Other income (expense) - net—$1.5M$1.5M$1.5M$1.5M$2M
Payment for (Proceeds from) Other Investing Activity—$214M$200M$165M$242M$67M
Payments For Proceeds From Short Term Investments$2.9B-$3.9B-$572M-$701M—-$2.9B
Payments for Repurchase of Common Stock$1.8B$2.2B$1.8B$1.2B$584M$508M
Payments of Ordinary Dividends, Common Stock$244M$234M$254M$246M$242M$241M
Payments to Acquire Debt Securities, Available-for-Sale$9.7B$8B$5.3B$6.6B$5.5B$7.1B
Payments to Acquire Mortgage Notes Receivable$176M$75M$127M$43M$16M$70M
Payments to Acquire Other Investments$193M$256M$462M$0$195M$2.3B
Payments To Acquire Trading Securities Heldforinvestment$43M$40M$36M$61M$104M$674M
Pension Expense One Time Payment—$5M$5M$6M$0-$1M
Prior Year Claims And Claims Adjustment Expense After Re-Attribution Of ADC Recovery And Amortization Of Amortization On Retroactive Reinsurance At Inception-$64M-$137.8M-$137.8M-$137.8M-$137.8M—
Prior Year Claims And Claims Adjustment Expense Deferred Gain Amortization On Retroactive Reinsurance-$127M-$22M-$100M-$54M-$54M-$35M
Prior years, discount charge (benefit)$137M$40M$45M$34M$49M-$25M
Prior years, excluding discount and amortization of deferred gain$175M-$33M$25M-$161M-$47M-$126M
Reattribution of ADC Recovery and Other$0$0$0$0$0—
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements-$39M-$9M-$53M$9M-$52M$8M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$2.3B$2.1B$2B$2.3B$2.5B$2.9B
Financing — other—$34M$95M—$39M-$42M
Principal payments received on and sales of mortgage and other loans receivable$524M$254M$406M$220M$424M$119M
Other investments, net of payments  $5.3B$316M$1B$1B$1.7B$1.2B
Sale of investments$6.7B$4.8B$2.6B$2.5B$2.5B$3.8B
Proceeds From Sale Of Trading Securities Heldforinvestment$71M$18M$68M$42M$418M$115M
Cash received from option exercises$40.5M$38.8M$38.8M$38.8M$38.8M—
Gross realized gains (losses)-$114M-$103M-$258M-$490M-$351M-$135M
Net realized gains (losses), reconciliation to income (loss) from continuing operations before income tax expense-$194M-$66M-$191M-$433M-$283M-$136M
Net realized gains (losses), net investment income$2M-$2M$0-$2M$0$0
Write-offs of uncollectible reinsurance recoverables$0$0$1M$0$3M$1M
Current period change for estimated uncollectible reinsurance$2M$3M-$4M$0$29M-$1M
Other changes—$7M$2M-$1M—$0
Restricted Stock Expense$7.3M$6M$6M$6M$6M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period1.3M———72K—
Forfeited or expired (in shares)$62.82———$66.84—
Excess tax benefit due to share settlements$4M$2.8M$2.8M$2.8M$2.8M—
Statutory net income$833.8M$1.1B$1.1B$1.1B$1.1B—
Shares repurchased (in shares)89.5M29M——72.9M6.7M
Prior Year Development Net of External Reinsurance Before ADC Cessions$63.5M-$54M-$54M-$54M-$54M—
Prior years-$30M-$106.8M-$106.8M-$106.8M-$106.8M—