| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 7.1K | 6.5% | 0.1% |
| Total Income | 7.1K | 6.5% | 0.1% |
| Expenditure | 5.8K | 2.8% | 4.9% |
| PBT | 1.3K | 28.1% | 18.1% |
| Net Profit | 948.00 | 24.3% | 17.1% |
| OPM | — | ||
| NPM | 13.38% | 1.91pp | 2.75pp |
| EPS | 1.79 | 26.1% | 10.5% |
AIG Reports Strong Second Quarter Results and Exceptional First Half of 2026
07 Aug 2026 · 7 Aug, 2:05 am
Summary
American International Group, Inc. reported strong results for the second quarter of 2026, with General Insurance net premiums written increasing 9% year-over-year to $7.5 billion and underwriting income growing 10% to $686 million. The combined ratio improved to 89.0%, reflecting enhanced operational efficiency. Adjusted after-tax income per diluted share rose 10% to $2.00, supported by solid underwriting profitability and a 9.4% return on equity. Management highlighted the benefits of a diversified global portfolio and continued momentum from organic growth and strategic transactions, expressing confidence in meeting financial objectives and driving sustainable, profitable growth.
Key Highlights
- 1
General Insurance net premiums written (NPW) reached $7.5 billion in the second quarter, an increase of 9% year-over-year on both reported and constant dollar bases.
- 2
General Insurance underwriting income rose by 10% year-over-year to $686 million.
- 3
The General Insurance combined ratio improved to 89.0%, with the accident year combined ratio, as adjusted, at 88.1%, showing a 30 basis point improvement year-over-year for both metrics.
- 4
Adjusted after-tax income (AATI) per diluted share increased by 10% year-over-year to $2.00.
- 5
Return on equity (ROE) was 9.4%, and Core Operating ROE was 11.1%.
- 6
The company returned $904 million of capital to shareholders in the quarter, including $641 million in share repurchases and $263 million in dividends.
- 7
AIG sold its remaining interest in Corebridge Financial, Inc. for approximately $710 million.
Management Comments
Eric Andersen
AIG delivered another strong quarter, marking an exceptional first half of the year and underscoring the benefits of our diversified global portfolio and continued momentum from organic growth and our recent strategic transactions. Adjusted after-tax income per diluted share was $2.00, increasing 10% year-over-year, and Core Operating ROE was 11.1%. Net premiums written grew 9% year-over-year on a constant dollar basis, or 11%* excluding North America Property, supported by top-line growth across all three business segments. We produced another solid quarter of underwriting profitability, with General Insurance underwriting income of $686 million, a calendar year combined ratio of 89.0% and an accident year combined ratio, as adjusted, of 88.1%. Our strong quarterly results demonstrate our ability to perform well in the current market, which has transitioned from an extended phase of broad positive pricing into a more selective environment, where profitability and growth are increasingly dependent on line-specific dynamics. The breadth of our underwriting expertise and the diversity of our global portfolio remain important competitive advantages, allowing us to continue to pursue targeted growth in the segments where we expect to achieve the most attractive risk-adjusted returns. We are building on our strong foundation as a market leader and best-in-class underwriting company. Our progress reflects the outstanding execution and commitment of our talented global team. We remain confident in our ability to meet our 2025 Investor Day financial objectives and see significant opportunity to leverage our global scale, strong brand and technical expertise to bring the full capabilities of AIG together to support our clients and stakeholders, while driving sustainable, profitable growth.
Informational and educational content only. Not investment advice.