# American International Group, Inc. (AIG)

> Source: Nexqual · https://nexqual.com/AIG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, American International Group, Inc. (AIG), nexqual.com/AIG" · informational, not investment advice.

**Price:** USD 83.03 (+1.57% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 81.75 · day 81.69–83.07 · 52w 71.25–87.29 · market cap $43.4B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $26.6B, net income $2.96B (11.1% margin) (SEC filings).
- Valuation: P/E 14.6x (avg 14.7x at the last 2 fiscal year-ends).
- 2 of 80 tracked superinvestors hold AIG (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.59 on a 1–5 scale) (22 analysts), mean target USD 87.7 (range 80–101).
- Total return with dividends: 1Y +7.9% vs S&P 500 +14.9%; 5Y +55.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.87, revenue estimate $7.44B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $52.2B | $30.0B | $27.9B | $27.3B | $26.8B | $26.6B |
| Net income | $10.4B | $10.2B | $3.64B | -$1.40B | $3.10B | $2.96B |
| EPS (diluted) | $11.95 | $12.94 | $4.98 | -$2.17 | $5.43 | — |
| Free cash flow | $5.88B | $3.92B | $6.00B | — | — | — |
| Net margin | 19.9% | 34.1% | 13.0% | -5.2% | 11.6% | 11.1% |
| Revenue growth | +19.3% | -42.5% | -6.9% | -2.5% | -1.7% | — |
| Cash + short-term investments | — | $1.57B | $1.57B | $1.37B | $1.34B | — |
| Total debt | $30.2B | $28.7B | $10.9B | $8.92B | $9.19B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 14.6x · P/S 1.6x · P/B 1.1x · Earnings yield 6.83% · Dividend yield (paid, TTM) 2.28% · Buyback yield (TTM) 6.87%
P/E at fiscal year-ends: Dec 2025 15.8x, Dec 2023 13.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold AIG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Nygren | Oakmark Funds | 2.02% | $1.52B | Reduced -1.2% |
| Richard Pzena | Pzena Investment Management | 0.10% | $34.0M | Added +1.5% |

## Analysts
Consensus Hold (mean 2.59 on a 1–5 scale), 22 analysts; mean target USD 87.7 (low 80, high 101).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Target lowered | Equal-Weight | $85 → $83 |
| 2026-10-12 | Keefe, Bruyette & Woods | Target lowered | Outperform | $96 → $90 |
| 2026-10-07 | Mizuho | Target lowered | Neutral | $85 → $83 |
| 2026-10-06 | Morgan Stanley | Target lowered | Equal-Weight | $81 → $80 |
| 2026-10-06 | UBS | Target raised | Buy | $98 → $100 |
| 2026-09-16 | Mizuho | Target lowered | Neutral | $86 → $85 |
| 2026-09-02 | Argus Research | Reiterated | Buy | $90 |
| 2026-08-17 | Cantor Fitzgerald | Target lowered | Overweight | $92 → $90 |
| 2026-08-12 | Morgan Stanley | Target lowered | Equal-Weight | $82 → $81 |
| 2026-08-11 | Keefe, Bruyette & Woods | Target raised | Outperform | $95 → $96 |
| 2026-08-10 | Mizuho | Target lowered | Neutral | $89 → $86 |
| 2026-08-10 | Piper Sandler | Target raised | Neutral | $80 → $84 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +7.9% | +55.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.9% | +9.2% |
| Volatility (annualized) | 23.7% | 23.8% |
| Max drawdown | -17.0% (Dec 2025→Jan 2026) | -26.3% (Jan 2023→Mar 2023) |

## Peers (Insurance - Diversified)
SLF (Sun Life Financial Inc.) USD 80.81 +0.12% · HIG (The Hartford Insurance Group, I) USD 139.45 +2.67% · ACGL (Arch Capital Group Ltd.) USD 102.69 +2.40% · AEG (Aegon Ltd. New York Registry Sh) USD 8.21 -2.15% · BNT (Brookfield Wealth Solutions Ltd) USD 38.26 +2.05% · PLGO (Pelagos Insurance Capital Limit) USD 26.21 +2.26%

## More
Full page: https://nexqual.com/AIG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name AIG in their own reports (relationship from AIG's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | EVEREST GROUP, LTD. (EG) | 10-K 2026-02-26 | "On October 26, 2025, the Company entered into an agreement with American International Group, Inc. ("AIG") to sell the renewal rights for certain lines of commercial retail insurance business written …" |
| partner | TrueBlue, Inc. (TBI) | 10-K 2026-02-18 | "We have an agreement with American International Group, Inc. and the Bank of New York Mellon Corporation creating a trust ("Trust"), which holds the majority of our collateral obligations under existi…" |
| partner | Corebridge Financial, Inc. (CRBG) | 10-K 2026-02-11 | "•risks associated with the Tax Matters Agreement with AIG and our potential liability for U.S. income taxes of the entire AIG Consolidated Tax Group for all taxable years or portions thereof in which …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.87 | $1.83 | +2.2% | $7.44B | 19 |
| Next quarter (ends 2026-12-31) | $2.11 | $2.14 | -1.7% | $7.60B | 17 |
| Current fiscal year (ends 2026-12-31) | $8.09 | $8.00 | +1.1% | $28.94B | 22 |
| Next fiscal year (ends 2027-12-31) | $8.81 | $8.86 | -0.5% | $31.27B | 22 |