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What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: American International Group (AIG - Free Report) American International Group is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals protect their assets and manage risks through AIG operations, licenses and authorizations, as well as network partners. It serves clients in over 200 countries and jurisdictions, ranging from individuals and small and medium-sized businesses to multinational Fortune 500 companies.
AIG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.5; value investors should take notice.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.02 to $8.02 per share. AIG also boasts an average earnings surprise of +12.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AIG should be on investors' short list.
Key Takeaways AIG's GI combined ratio stayed favorable at 89% in Q2 2026, supporting healthy insurance margins.AIG returned about $1.7B to shareholders in H1 2026, including $1.2B through share buybacks.AIG's forward P/E fell to 8.96X, below its five-year median of 10.11X and industry average of 9.40X. American International Group, Inc. (AIG - Free Report) is well poised to grow on the back of improving underwriting results in the North America Commercial and Global Personal segments, supported by lower catastrophe losses. Healthy premium growth and strong capital returns are major tailwinds.
American International — with a market cap of $29.8 billion — is a leading global insurance organization offering products for commercial, institutional, as well as individual customers.
Courtesy of solid prospects, this presently Zacks Rank #3 (Hold) stock is worth retaining at the moment.
Key DriversAIG's underwriting performance has strengthened considerably in recent quarters. General Insurance's combined ratio improved to 87.3% in the first quarter of 2026 and remained favorable at 89% in the second quarter. Continued underwriting discipline, expense management and selective risk-taking could help the company sustain healthy insurance margins and support earnings growth.
The insurer continues to expand its premium base despite becoming more selective in areas where pricing has weakened. Growth across several commercial and personal insurance lines highlights AIG's ability to attract business while maintaining underwriting discipline. This balanced approach should help the company preserve profitability without chasing unprofitable volume.
AIG continues to reward shareholders through a combination of sizable share repurchases and a growing dividend. During the first half of 2026, the insurer returned approximately $1.7 billion to shareholders, including $1.2 billion through buybacks and $504 million in dividends. It repurchased roughly 15 million shares over the period. AIG also increased its quarterly dividend 11% to 50 cents per share. It had $2.6 billion available under its repurchase authorization as of July 31.
AIG shares continue to trade at a relatively modest earnings multiple despite the company's improved underwriting profitability. Shares of the company declined 11% year to date, which lowered its forward price-to-earnings to 8.96X. This is lower than AIG’s five-year median of 10.11X and the industry average of 9.40X, indicating there’s more room to grow.
Estimates for AIGThe Zacks Consensus Estimate for American International’s 2026 earnings is pegged at $8.02 per share, which remained stable over the past week and indicates 13.1% year-over-year growth. AIG beat on earnings in each of the last four quarters, the average being 12.9%. Further, the consensus estimate for 2026 revenues stands at $28.97 billion, signaling an increase of 5.5% from a year ago.
RisksThere are a few factors that investors should keep an eye on.
AIG is operating in a less favorable pricing environment after several years of broad rate increases. In the second quarter of 2026, renewal pricing in International Commercial declined 6%, while Global Energy and Financial Lines pricing fell 15% and 4%, respectively. Pricing pressure is also evident in North America Property, where AIG has deliberately reduced business rather than accept inadequate rates.
AIG absorbed $210 million of catastrophe-related charges in the second quarter of 2026, up from $170 million a year earlier. The total included $75 million of losses associated with the Middle East conflict. Catastrophe losses represented 3.4 percentage points of the quarterly loss ratio. A period of elevated natural disasters or geopolitical events could quickly erode underwriting gains and introduce greater volatility into AIG's results.
Key PicksSome better-ranked stocks in the broader Finance space are Horace Mann Educators Corporation (HMN - Free Report) , CNO Financial Group, Inc. (CNO - Free Report) and Assurant, Inc. (AIZ - Free Report) . While HMN currently sports a Zacks Rank #1 (Strong Buy), CNO and AIZ carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Horace Mann Educators’ current-year earnings is pegged at $4.78 per share, which has witnessed one upward revision over the past 30 days and no movement in the opposite direction. Furthermore, the consensus estimate for HMN’s 2026 revenues indicates a 3.9% year-over-year increase.
The consensus mark for CNO Financial’s current-year earnings is pegged at $4.74 per share, which indicates 16.2% year-over-year growth. It has witnessed two upward estimate revisions against none in the opposite direction in the past 60 days. CNO beat earnings estimates in each of the last four quarters, with an average surprise of 23.2%.
The Zacks Consensus Estimate for Assurant’s current-year earnings is pegged at $22.05 per share, which indicates 11.5% year-over-year growth. It has witnessed two upward estimate revisions against none in the opposite direction in the past month. AIZ beat earnings estimates in each of the last four quarters, with an average surprise of 17.7%.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino has informed the AIG Board of Directors that he will step down as Executive Chair and a member of the Board of Directors, effective September 15, 2026. Mr. Zaffino will become a Senior Advisor to the company, and in this role, he will continue to support the company's executive leadership transition. The Board has elected John Rice, AIG's Lead Independent Director, to serve as Chair of t.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in New York, American International Group (AIG - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -10.72%. The insurer is currently shelling out a dividend of $0.50 per share, with a dividend yield of 2.62%. This compares to the Insurance - Multi line industry's yield of 1.77% and the S&P 500's yield of 1.34%.
Looking at dividend growth, the company's current annualized dividend of $2.00 is up 14.3% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 24%, meaning it paid out 24% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, AIG expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $8.02 per share, which represents a year-over-year growth rate of 13.12%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, AIG is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Algebris UK Ltd. grew its holdings in American International Group, Inc. (NYSE:AIG – Free Report) by 98.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,235,231 shares of the insurance provider’s stock after purchasing an additional 612,790 shares during the quarter. American International Group comprises about 6.0% of Algebris UK Ltd.’s portfolio, making the stock its 2nd biggest position. Algebris UK Ltd. owned approximately 0.23% of American International Group worth $91,772,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of AIG. Brighton Jones LLC purchased a new position in American International Group during the fourth quarter worth about $1,091,000. Sivia Capital Partners LLC increased its position in shares of American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 1,185 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of American International Group during the 2nd quarter worth $217,000. Ieq Capital LLC boosted its holdings in shares of American International Group by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of American International Group in the 2nd quarter worth about $269,000. 90.60% of the stock is owned by institutional investors.
Analyst Ratings Changes A number of research firms recently issued reports on AIG. Barclays raised their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Morgan Stanley dropped their price target on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price objective on American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. BMO Capital Markets lifted their price objective on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $88.28.
View Our Latest Stock Analysis on AIG Insiders Place Their Bets In other American International Group news, insider Peter Zaffino sold 36,829 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06. Following the sale, the insider owned 556,004 shares in the company, valued at approximately $42,334,144.56. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.
American International Group Trading Down 0.4% Shares of AIG opened at $75.81 on Thursday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a 50 day moving average price of $77.67 and a 200-day moving average price of $76.96. The firm has a market cap of $39.64 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.69 and a beta of 0.53.
American International Group (NYSE:AIG – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the prior year, the company posted $1.81 EPS. As a group, equities research analysts forecast that American International Group, Inc. will post 8.01 earnings per share for the current year.
American International Group Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s payout ratio is presently 36.56%.
(Free Report)
American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.
The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.
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Key Takeaways AIG launched a Parametric Cloud Outage Solution to cover losses from cloud and SaaS disruptions.The policy can trigger payments after outages exceed two hours, using Parametrix's live outage data.AIG sees an opportunity to grow cyber insurance and deepen its commercial client base as cloud usage rises. American International Group, I (AIG - Free Report) is expanding its cyber insurance offering with a new Parametric Cloud Outage Solution for eligible business clients. Developed with technology monitoring specialist Parametrix, the solution protects businesses against financial losses from disruptions involving cloud infrastructure and software-as-a-service (SaaS) providers. It combines cloud outage coverage with traditional cyber protection, giving businesses broader coverage under one policy.
The policy is designed to help businesses receive payments faster after a covered outage. Parametrix tracks more than 750 data centers and 9,000 cloud and software providers in real time, allowing AIG to verify covered outages using live data. If a covered outage lasts more than two hours, the policy can trigger a payment based on agreed terms, with no monetary retention after the waiting period. Businesses do not have to spend as much time documenting their actual losses, helping them access financial support more quickly following an unexpected technology shutdown.
Businesses are becoming increasingly dependent on cloud technology. Enterprise spending on cloud infrastructure reached $129 billion in the first quarter of 2026, up 35% from the year-ago level. A major outage can disrupt payments, customer services and daily operations. AIG is responding to this growing risk by expanding its cyber insurance capabilities. Its partnership with Parametrix also provides real-time data to help address emerging cloud risks.
The new solution could help the company expand its cyber insurance business and deepen relationships with commercial clients. As cloud dependence grows, the offering could support demand for AIG’s commercial insurance products. The near-term financial impact is likely to be modest. Still, the launch gives it another opportunity to diversify its commercial insurance portfolio and capture demand for protection against growing cloud-related risks.
AIG’s Stock Price PerformanceShares of AIG have lost 2.8% over the past six months compared to the industry’s 9.4% growth.
Image Source: Zacks Investment Research
AIG’s Zacks Rank & Key PicksAIG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Finance space are The Travelers Companies, Inc. (TRV - Free Report) and Heritage Insurance Holdings, Inc. (HRTG - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) at present, and First American Financial Corporation (FAF - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Travelers’ 2026 earnings is pegged at $33.82 per share, indicating 22.58% year-over-year growth. TRV beat earnings estimates in each of the trailing four quarters, with the average surprise being 41.68%. The consensus estimate for 2026 revenues is pinned at $48.82 billion.
The Zacks Consensus Estimate for Heritage Insurance’s 2026 earnings is pegged at $5.50 per share, which has seen two upward revisions over the past 30 days, with no downward revision. HRTG beat earnings estimates in three of the last four quarters and missed once, with an average surprise of 81.49%. The consensus estimate for 2026 revenues is pegged at $860.96 million.
The Zacks Consensus Estimate for First American’s 2026 earnings is pegged at $7.02 per share, indicating 16% year-over-year growth. FAF beat earnings estimates in each of the trailing four quarters, with the average surprise being 23.58%. The consensus estimate for 2026 revenues is pinned at $8.16 billion, implying 9.45% year-over-year growth.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced a new Parametric Cloud Outage Solution, providing clients an additional layer of cyber insurance protection to help them recover faster from business interruption losses resulting from cloud service outages and cloud provider downtime. These events can disrupt operations, customer transactions, and access to critical business applications. Parametric insurance provides a predetermined payment when a specif.
American International Group Inc. Chief Executive Officer Eric Anderson talks about how geopolitical risk is providing great opportunities to the insurer. He also speaks about clients that need to travel through the Strait of Hormuz, earnings, the ai buildout and how they use artificial intelligence.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
American International Group (AIG - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of -7.91% since the start of the year. The insurer is currently shelling out a dividend of $0.50 per share, with a dividend yield of 2.54%. This compares to the Insurance - Multi line industry's yield of 1.84% and the S&P 500's yield of 1.31%.
Looking at dividend growth, the company's current annualized dividend of $2.00 is up 14.3% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 24%, meaning it paid out 24% of its trailing 12-month EPS as dividend.
AIG is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $7.99 per share, which represents a year-over-year growth rate of 12.69%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AIG is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
AIG (AIG) demonstrates disciplined cycle management, prudent reserving, and solid Q2 results with 10% adjusted EPS growth and a 9% increase in net written premiums. I maintain a Hold rating on AIG due to high beta and lack of near-term catalysts, despite a 12% analyst price target upside and a 2.5% dividend yield. Management's conservative underwriting, capital allocation, and cautious tone underpin confidence in navigating softening P&C pricing and market cyclicality.
Top 5 MarketRank™ Stocks Backed by Analysts and Big InstitutionsAmerican International Group NYSE: AIG reported second-quarter results that management said reflected higher underwriting income, growth in selected commercial and personal insurance businesses, and continued expense discipline, while competitive pricing pressure persisted in North American property insurance.
Adjusted after-tax income per diluted share was $2.00, up 10% from a year earlier, while adjusted after-tax income totaled $1.1 billion, President and CEO Eric Andersen said. Core operating return on equity was 11.1% for the quarter and 11.6% for the first half of 2026.
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Higher-for-Longer Rates Could Reward These 3 Overlooked StocksUnderwriting income rose 10% year over year to $686 million. The adjusted accident-year combined ratio improved 30 basis points to 88.1%, while the calendar-year combined ratio also improved 30 basis points to 89.0%.
Premium Growth and Business Performance Net premiums written increased 9% on a constant-dollar basis, or 11% excluding North American property. Andersen said growth reflected organic expansion in selected global commercial businesses, momentum in Global Personal Insurance, and contributions from recent strategic transactions.
Global Commercial Insurance net premiums written rose 9% year over year. North America Commercial premiums increased 9%, supported by retail casualty and financial lines growth, partly offset by declines at Lexington property. International Commercial premiums increased 10%, led by property and marine growth and partially offset by financial lines. Global Personal Insurance premiums increased 8%, driven by Accident & Health and high-net-worth businesses. 3 Must-Watch Stocks After a Bullish Goldman Sachs RecommendationGlobal Commercial retention was 88%, while new business, including strategic transactions, reached $1.9 billion, an increase of 37% from the prior-year period.
Chief Financial Officer Keith Walsh said first-half net premiums written grew 13%, which the company expects to support earnings growth as premiums earn through during 2026 and 2027.
Global Personal Insurance generated underwriting income of $114 million, nearly $90 million higher than a year earlier. Its adjusted accident-year combined ratio improved 490 basis points to 91.2%, aided by underwriting actions, lower reinsurance costs, and more favorable high-net-worth commission terms.
Property Competition and Casualty Pricing Andersen characterized the insurance market as moving from a prolonged period of broad price increases to a more selective environment shaped by individual line-of-business conditions. He said additional market capacity from excess-and-surplus carriers, managing general agencies, delegated authority structures, insurance-linked securities and sidecars has pressured pricing in certain lines, particularly property.
AIG continued to contract portions of its Lexington property portfolio where pricing did not meet its underwriting standards. The company reported a nine-percentage-point decline in Lexington property premium retention during the quarter. According to Andersen, the property environment and AIG’s deliberate underwriting actions reduced overall North America growth by more than three percentage points.
North America retail property has a different portfolio composition from Lexington, and the company said it sees selected growth opportunities, including through its Everest renewal rights transaction. International property rates were declining more moderately than in North America, according to Andersen, who said the portfolio remains attractive because of lower peak catastrophe exposure.
Casualty pricing remained more favorable. North America retail casualty pricing increased 10% and remained above loss-cost trends, while excess casualty pricing rose 14%. Excluding property, North America Commercial renewal pricing increased 5%.
International Commercial renewal pricing declined 6% after several years of compounded rate increases. Global Energy pricing fell 15%, while Financial Lines pricing declined 4%. Management said it would remain disciplined where market conditions do not support adequate risk-adjusted returns.
Andersen also said AIG had not seen evidence that social inflation was moderating and was not incorporating such an assumption into pricing. Walsh said the company strengthened U.S. excess casualty reserves by $74 million, primarily involving accident years 2016 and 2023. He said the adjustment to 2023 brought that year to a level of prudence similar to 2024 and 2025, and management was not seeing material deterioration or changes in frequency or severity.
Investment Income, Catastrophes and Capital Second-quarter General Insurance adjusted pretax income was $1.5 billion, up 4% year over year. Net premiums earned increased 5% to $6.2 billion. Higher underwriting income and interest income were partly offset by lower income from alternative investments.
Total catastrophe charges were $210 million, including $75 million in net losses related to the Middle East conflict. The company recorded $145 million of favorable prior-year development, driven primarily by favorable loss experience in U.S. workers’ compensation and U.S. property and special risks.
Total net investment income on an adjusted pretax income basis was $908 million, including $871 million for General Insurance, which was flat year over year. Core fixed-income investment income rose 4%, and the annualized yield on the core fixed-income portfolio reached 4.72%, up 30 basis points from the prior-year quarter. Alternative investment income declined to $13 million from $48 million, reflecting an $8 million private-equity loss reported on a one-quarter lag.
AIG returned $904 million of capital to shareholders during the quarter, including $641 million in share repurchases and $263 million in dividends. The company ended the quarter with $9 billion of debt and a total debt-to-adjusted-capital ratio of 17.6%.
In May, AIG sold approximately 25 million Corebridge Financial common shares for $710 million, completing its exit from the former life and retirement business. Book value per share was $77.39 at June 30, up 4% from a year earlier, while adjusted tangible book value per share was $72.18, up 3%.
Strategic Priorities and Outlook Andersen said AIG remains on track to meet commitments established at its 2025 Investor Day. The company’s priorities include underwriting discipline, efficient use of reinsurance and the balance sheet, artificial intelligence deployment, expense management, and investment in talent.
AIG said it remains on track to reduce the General Insurance expense ratio below 30% for full-year 2027. The trailing 12-month expense ratio stood at 30.7% at June 30, compared with 31.1% at the end of 2025.
The company is expanding its underwriting and claims AI tools, which Andersen said are enabling underwriters to review more submissions and generate quotes faster. He also said the data can provide insights into broker-level performance and distribution trends. Management emphasized that its AI deployment is intended to improve colleague efficiency and client outcomes rather than reduce headcount.
Andersen said AIG’s approach to capital management prioritizes profitable growth, but the company will continue to use dividends and repurchases if capital cannot be deployed at attractive returns. He added that AIG sees share repurchases as an attractive use of capital given its share price at a modest premium to tangible book value.
About American International Group (NYSE:AIG)American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.
The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways AIG posted Q2 adjusted EPS of $2, topping estimates on stronger underwriting and lower catastrophe losses.AIG grew net premiums written 9%, supported by organic expansion and recent strategic transactions.AIG returned about $904 million via buybacks and dividends, and raised adjusted ROE to 10.2%. American International Group, Inc. (AIG - Free Report) reported second-quarter 2026 adjusted earnings per share (EPS) of $2, which topped the Zacks Consensus Estimate of $1.89. The bottom line increased 10.5% year over year.
Adjusted operating revenues advanced 3.9% year over year to $7.1 billion. However, the top line missed the consensus mark by 2.2%.
The quarterly earnings were driven by improved underwriting results in the North America Commercial and Global Personal segments, supported by lower catastrophe losses. However, the upside was partly offset by lower investment income and elevated benefits, losses and expenses.
AIG’s Q2 Operational UpdateNet premiums written totaled $7.5 billion, reflecting 9% year-over-year growth, driven by organic expansion in selected businesses and contributions from recent strategic transactions.
Total net investment income declined 23.1% year over year to $1.1 billion, but beat the consensus mark by 14.9%. The decrease was primarily due to changes in the fair value of its investments in Corebridge and equity securities. AIG also sold its remaining Corebridge stake for aggregate proceeds of about $710 million.
Total benefits, losses and expenses amounted to $5.8 billion, up 4.9% year over year, mainly due to higher losses and loss adjustment expenses incurred.
Adjusted return on equity improved 50 basis points year over year to 10.2%, reflecting enhanced profitability and capital efficiency.
Underwriting income for the General Insurance segment rose 10% year over year to $686 million. This result significantly outperformed the Zacks Consensus Estimate by 9.1%. The segment’s combined ratio improved 30 basis points to 89%, reflecting significantly stronger underwriting performance compared with the prior-year quarter.
Segmental Performances of AIGGeneral Insurance – North America CommercialThe segment’s net premiums written increased 9% year over year to $3.1 billion in the second quarter. The uptick was driven by Retail Casualty and Financial Lines.
Underwriting income grew 24% year over year to $372 million. This increase was mainly driven by lower catastrophe-related losses, lower operating expense and higher favorable prior-year development. The combined ratio improved 190 basis points to 84%, reflecting significantly stronger underwriting performance year over year.
General Insurance – International CommercialThe segment reported net premiums written of $2.6 billion, up 11% year over year. The growth was mainly driven by Property and Marine.
Underwriting income decreased 33% year over year to $200 million in the quarter and missed the Zacks Consensus Estimate by 35.8%. The combined ratio deteriorated 540 basis points to 91.3%. This was mainly due to higher catastrophe charges, rate pressure and a higher acquisition ratio.
General Insurance – Global PersonalNet premiums written totaled $1.8 billion, which improved 7% year over year. The increase was mainly driven by growth in the High Net Worth and Accident and Health businesses.
Underwriting income rose to $114 million compared to $25 million a year ago. The combined ratio improved 560 basis points to 92.9%. This was driven by a lower accident-year loss ratio, improved High Net Worth commission terms, reduced operating expenses and reduced catastrophe losses.
Other OperationsNet investment income and other fell 58% year over year to $39 million. This was mainly due to lower parent liquidity and reduced dividends from Corebridge. Interest expense declined 2% to $99 million.
Adjusted pre-tax loss widened 41% year over year to $142 million.
Financial Position of AIG (As of June 30, 2026)AIG ended the second quarter with a cash balance of $1.5 billion compared with $1.3 billion at the end of 2025. Total assets were $163.5 billion, higher than $161.3 billion at the end of 2025.
Long-term debt totaled $9 billion at the second-quarter end, which fell 0.7% from year-end 2025. Total shareholders’ equity fell to $40.6 billion from $41.1 billion at year-end 2025.
Adjusted book value per share improved to $79.98 from $76.62 in the prior-year quarter.
AIG’s Capital Deployment UpdateAIG returned capital to its shareholders through approximately $641 million in share repurchases and $263 million in dividends during the second quarter of 2026.
The company announced a cash dividend of 50 cents per common share, to be paid on Sept. 30, 2026, to its shareholders of record as of Sept. 16.
AIG’s Zacks RankAIG currently has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
How Did Peers Perform?Here are some stocks from the broader insurance space that have also reported their quarterly results: MetLife, Inc. (MET - Free Report) , Aon plc (AON - Free Report) and The Hartford Insurance Group, Inc. (HIG - Free Report) . Here's how they have performed:
MetLife reported second-quarter 2026 adjusted operating earnings per share (EPS) of $2.43, which beat the Zacks Consensus Estimate by 5.6%. The bottom line advanced 20% year over year. Adjusted operating revenues improved 6.4% year over year to $19.1 billion. MET’s second-quarter earnings benefited from improved net investment income, favorable underwriting results and solid business volume growth across segments. Growth in adjusted PFOs and strong performances in Group Benefits, Asia and EMEA also supported results. However, higher expenses and a wider-than-expected loss in the Corporate & Other unit partially offset the upside.
Aon reported second-quarter 2026 adjusted earnings of $3.81 per share, which surpassed the Zacks Consensus Estimate by 1.1%. The bottom line advanced 9% year over year. Total revenues of $4.2 billion grew 2% year over year. AON’s quarterly results were supported by strong organic revenue growth, healthy client retention, operating margin expansion and disciplined execution. Solid performance across the Commercial Risk, Reinsurance and Health Solutions businesses was partly offset by weakness in Wealth Solutions.
Hartford delivered second-quarter fiscal 2026 earnings per share of $3.42, up 6% year over year and above the Zacks Consensus Estimate of $3.12 by 9.6%. Revenues came in at $5.23 billion, which improved 6.8% year over year. HIG’s quarterly results benefited from higher investment income, premium growth in Business Insurance and improving Personal Insurance profitability. Strong new business expansion in Small Business and favorable pricing trends supported results. However, the upside was partly offset by an increased expense level, higher catastrophe losses and weaker Employee Benefits profitability.
American International Group (AIG - Free Report) reported $7.11 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 3.9%. EPS of $2.00 for the same period compares to $1.81 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $7.27 billion, representing a surprise of -2.24%. The company delivered an EPS surprise of +5.82%, with the consensus EPS estimate being $1.89.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American International Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
General Insurance - North America Commercial - Loss ratio: 60.7% versus the three-analyst average estimate of 65%.General Insurance - International Commercial - Combined ratio: 91.3% compared to the 87.6% average estimate based on three analysts.General Insurance - North America Commercial - Combined ratio: 84% versus 88.1% estimated by three analysts on average.General Insurance - International Commercial - Expense ratio: 32.1% versus 30.3% estimated by three analysts on average.General Insurance - Loss ratio: 58.2% versus the three-analyst average estimate of 59.7%.Revenues- Total net investment income: $1.13 billion versus $981.31 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -23.1% change.General Insurance- North America Commercial- Net premiums earned: $2.32 billion versus the three-analyst average estimate of $2.38 billion. The reported number represents a year-over-year change of +9%.General Insurance- International Commercial- Net premiums earned: $2.27 billion versus $2.32 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7% change.General Insurance- Global Personal- Net premiums earned: $1.6 billion versus $1.64 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.General Insurance- Net investment income: $871 million compared to the $884.51 million average estimate based on three analysts. The reported number represents a change of 0% year over year.Other Operations- Net investment income and other: $39 million versus $42.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -57.6% change.General Insurance- Net premiums earned: $6.2 billion compared to the $6.33 billion average estimate based on three analysts. The reported number represents a change of +5.4% year over year.View all Key Company Metrics for American International Group here>>>
Shares of American International Group have returned +0.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the second quarter ended June 30, 2026.
“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,” said Eric Andersen, AIG President & Chief Executive Officer.
“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 $686 million, a calendar year combined ratio of 89.0% and an accident year combined ratio, as adjusted, of 88.1%.
“Our strong quarterly results demonstrate our ability to perform well in the current market, which has transitioned from an extended phase of broad positive pricing into a more selective environment, where profitability and growth are increasingly dependent on line-specific dynamics. The breadth of our underwriting expertise and the diversity of our global portfolio remain important competitive advantages, allowing us to continue to pursue targeted growth in the segments where we expect to achieve the most attractive risk-adjusted returns.
“We are building on our strong foundation as a market leader and best-in-class underwriting company. Our progress reflects the outstanding execution and commitment of our talented global team. We remain confident in our ability to meet our 2025 Investor Day financial objectives and see significant opportunity to leverage our global scale, strong brand and technical expertise to bring the full capabilities of AIG together to support our clients and stakeholders, while driving sustainable, profitable growth.”
* Refers to financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this press release under the heading Comment on Regulation G and Non-GAAP Financial Measures.
FINANCIAL SUMMARY
Three Months Ended
June 30,
($ and shares in millions, except per share amounts)
2025
2026
Net income attributable to AIG common shareholders
$
1,144
$
948
Net income per diluted share attributable to AIG common shareholders
$
1.98
$
1.78
Net investment income
$
1,466
$
1,127
Net investment income, APTI basis
955
908
Adjusted pre-tax income (loss)
$
1,391
$
1,404
General Insurance
1,492
1,546
Other Operations
(101)
(142)
Adjusted after-tax income attributable to AIG common shareholders
$
1,044
$
1,069
Adjusted after-tax income per diluted share attributable to AIG common shareholders
$
1.81
$
2.00
Weighted average common shares outstanding - diluted
577.9
533.5
Return on equity
11.0
%
9.4
%
Adjusted return on equity
9.7
%
10.2
%
Core operating return on equity
11.7
%
11.1
%
Book value per share
$
74.14
$
77.39
Adjusted book value per share
$
76.62
$
79.98
Adjusted tangible book value per share
$
69.81
$
72.18
Core operating book value per share
$
63.71
$
74.43
Common shares outstanding (in millions)
559.8
524.7
For the second quarter of 2026, Net income attributable to AIG common shareholders was $948 million, or $1.78 per diluted common share, compared to net income of $1.1 billion, or $1.98 per diluted common share, in the prior year quarter. The year-over-year decrease was primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities, partially offset by higher underwriting income.
AATI was $1.1 billion, or $2.00 per diluted common share, compared to $1.0 billion, or $1.81 per diluted common share in the prior year quarter, reflecting higher underwriting income, partially offset by lower Other Operations Net investment income.
Total Net investment income for the second quarter of 2026 was $1.1 billion, compared to $1.5 billion in the prior year quarter, primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities.
Total Net investment income on an APTI basis was $908 million, compared to $955 million in the prior year quarter, due to lower Net investment income in Other Operations, while General Insurance Net investment income was flat year-over-year.
AIG returned $904 million to shareholders in the second quarter of 2026 through $641 million of common stock repurchases, representing approximately 8 million shares, and $263 million of common stock dividends. At June 30, 2026, the total debt to total capital ratio was 18.1% and the total debt to total adjusted capital* ratio was 17.6%. During the quarter, AIG sold approximately 25 million shares of Corebridge common stock, representing our remaining interest in Corebridge, for aggregate proceeds of approximately $710 million.
ROE and Core Operating ROE* were 9.4% and 11.1%, respectively, in the second quarter of 2026. Book value per share was $77.39 as of June 30, 2026, an increase of 4% from June 30, 2025. Adjusted tangible book value per share* was $72.18, an increase of 3% from June 30, 2025.
On August 6, 2026, the AIG Board of Directors declared a quarterly cash dividend on AIG common stock of $0.50 per share. The dividend is payable on September 30, 2026 to shareholders of record at the close of business on September 16, 2026.
GENERAL INSURANCE
Three Months Ended June 30,
($ in millions)
2025
2026
Change
Gross premiums written
$
10,056
$
10,943
9
%
Net premiums written
$
6,880
$
7,516
9
%
Net premiums written, on constant dollar basis
9
%
Underwriting income (loss)
$
626
$
686
10
%
Net investment income
$
871
$
871
—
%
Adjusted pre-tax income(a)
$
1,492
$
1,546
4
%
Underwriting ratios:
General Insurance (GI) CR
89.3
89.0
(0.3)
pts
GI Loss ratio
58.3
58.2
(0.1)
Less: impact on loss ratio
Catastrophe losses and reinstatement premiums
(2.9)
(3.4)
(0.5)
Prior year development, net of prior year premiums
2.0
2.5
0.5
GI Accident year loss ratio, as adjusted
57.4
57.3
(0.1)
GI Expense ratio
31.0
30.8
(0.2)
GI Accident year combined ratio, as adjusted
88.4
88.1
(0.3)
pts
Second quarter NPW of $7.5 billion increased 9% from the prior year quarter both on a reported basis and a constant dollar basis. The growth was primarily driven by continued organic growth in select high-performing segments and contributions from AIG’s recent strategic transactions, partially offset by North America Property lines. Excluding North America Property lines, General Insurance NPW growth was 11%* in the second quarter. Underwriting income was $686 million, increasing 10% from the prior year quarter. Total catastrophe-related charges were $210 million, representing 3.4 loss ratio points, compared to $170 million, representing 2.9 loss ratio points, in the prior year quarter. Second quarter 2026 included $75 million of net losses related to the Middle East conflict. Second quarter 2026 included favorable prior year development (PYD), net of reinsurance and prior year premiums, of $145 million, compared to $112 million in the prior year quarter, primarily due to favorable development in U.S. Workers’ Compensation and U.S. Property and Special Risks, partially offset by slight strengthening in U.S. Excess Casualty. The combined ratio was 89.0%, improving 30 basis points from 89.3% in the prior year quarter, largely due to higher favorable PYD and an improved expense ratio, partially offset by higher catastrophe-related charges. The AYCR was 88.1%, improving 30 basis points from 88.4% in the prior year quarter, driven by a lower accident year loss ratio, as adjusted* (AYLR) as well as a lower expense ratio. General Insurance APTI was $1.5 billion, increasing 4% from the prior year quarter, driven by higher underwriting income. GENERAL INSURANCE - NORTH AMERICA COMMERCIAL
Three Months Ended June 30,
($ in millions)
2025
2026
Change
Net premiums written
$
2,863
$
3,125
9
%
Net premiums written, on constant dollar basis
9
%
Underwriting income (loss)
$
301
$
372
24
%
Underwriting ratios:
CR
85.9
84.0
(1.9)
pts
AYCR, as adjusted
86.2
86.7
0.5
pts
Second quarter NPW of $3.1 billion increased 9% from the prior year quarter, primarily driven by Retail Casualty and Financial Lines, partially offset by declines in Lexington, driven by Property. The combined ratio was 84.0%, improving 190 basis points from 85.9% in the prior year quarter, driven by higher favorable PYD, lower catastrophe-related charges and lower general operating expense (GOE) ratio, partially offset by higher acquisition ratio and AYLR due to changes in business mix, in addition to rate pressure, particularly in Property. The AYCR was 86.7%, increasing 50 basis points from 86.2% in the prior year quarter, primarily driven by higher acquisition ratio and AYLR, partially offset by lower GOE ratio. GENERAL INSURANCE - INTERNATIONAL COMMERCIAL
Three Months Ended June 30,
($ in millions)
2025
2026
Change
Net premiums written
$
2,325
$
2,588
11
%
Net premiums written, on constant dollar basis
10
%
Underwriting income (loss)
$
300
$
200
(33)
%
Underwriting ratios:
CR
85.9
91.3
5.4
pts
AYCR, as adjusted
85.0
87.3
2.3
pts
Second quarter NPW of $2.6 billion increased 11% from the prior year quarter, or 10% on a constant dollar basis, primarily driven by Property and Marine, partially offset by Financial Lines due to continued rate pressure. The combined ratio was 91.3%, increasing 540 basis points from 85.9% in the prior year quarter, driven by higher catastrophe-related charges, primarily due to losses related to the Middle East conflict, higher AYLR, reflecting rate pressure, and higher acquisition ratio, reflecting a combination of strong new business growth and changes in business mix. The AYCR was 87.3%, increasing 230 basis points from 85.0% in the prior year quarter, driven by higher AYLR and acquisition ratio. GENERAL INSURANCE - GLOBAL PERSONAL
Three Months Ended June 30,
($ in millions)
2025
2026
Change
Net premiums written
$
1,692
$
1,803
7
%
Net premiums written, on constant dollar basis
8
%
Underwriting income (loss)
$
25
$
114
356
%
Underwriting ratios:
CR
98.5
92.9
(5.6)
pts
AYCR, as adjusted
96.1
91.2
(4.9)
pts
Second quarter NPW of $1.8 billion increased 7% from the prior year quarter, or 8% on a constant dollar basis, primarily driven by strong growth momentum in Accident & Health and continued organic growth in the High Net Worth business. The combined ratio was 92.9%, improving 560 basis points from 98.5% in the prior year quarter, primarily due to lower AYLR and acquisition ratio reflecting earn-in of improved High Net Worth business commission terms, lower GOE ratio and reduced catastrophe-related charges. The AYCR was 91.2%, improving 490 basis points from 96.1% in the prior year quarter. OTHER OPERATIONS
Three Months Ended June 30,
($ in millions)
2025
2026
Change
Net investment income and other
$
92
$
39
(58)
%
Corporate and other general operating expenses
(90)
(82)
9
Interest expense
(101)
(99)
2
Adjusted pre-tax loss before consolidation and eliminations
$
(99)
$
(142)
(43)
Total consolidation and eliminations
(2)
—
NM
Adjusted pre-tax loss(a)
$
(101)
$
(142)
(41)
%
(a) In the third quarter of 2025, AIG began excluding the net results of run-off businesses previously reported in General Insurance from Adjusted pre-tax income.
Other Operations predominantly consists of Net investment income from our AIG Parent liquidity portfolio, Corebridge dividend income, corporate GOE, and Interest expense. Net Investment Income and Other was $39 million, compared to $92 million in the prior year quarter, which included $27 million of Corebridge dividends. In addition, the current quarter has lower Short-term Investment income. Corporate and other GOE improved $8 million from the prior year quarter. Interest expense increased $2 million from the prior year quarter. CONFERENCE CALL
AIG will host a conference call tomorrow, Friday, August 7, 2026 at 8:30 a.m. ET to review these results. The call is open to the public and can be accessed via a live, listen-only webcast in the Investors section of www.aig.com. A replay will be available after the call at the same location.
# # #
Additional supplementary financial data is available in the Investors section at www.aig.com.
Cautionary Note on Forward-Looking Statements
Certain statements in this press release and other publicly available documents may include, and members of management may from time to time make and discuss, statements which, to the extent they are not statements of historical or present fact, may constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward‑looking statements are intended to provide management’s current expectations or plans for future operating and financial performance, based on assumptions currently believed to be valid and accurate. Forward-looking statements are often preceded by, followed by or include words such as “will,” “believe,” “anticipate,” “expect,” “expectations,” “intend,” “strive,” “plan,” “strategy,” “prospects,” “project,” “anticipate,” “should,” “guidance,” “outlook,” “view,” “target,” “goal,” “estimate” and other words of similar meaning in connection with a discussion of future operating or financial performance. These statements may include, among other things, projections, goals and assumptions that relate to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expense reduction efforts, the outcome of contingencies such as legal proceedings, anticipated organizational, business or regulatory changes, the effect of catastrophic events, both natural and man-made, and macroeconomic and/or geopolitical events, anticipated dispositions, monetization and/or acquisitions of businesses or assets, the successful integration of acquired businesses, management succession and retention plans, exposure to risk, trends in operations and financial results, and other statements that are not historical facts.
All forward-looking statements involve risks, uncertainties and other factors that may cause actual results and financial condition to differ, possibly materially, from the results and financial condition expressed or implied in the forward-looking statements. Factors that could cause actual results to differ, possibly materially, from those in specific projections, targets, goals, plans, assumptions and other forward-looking statements include, without limitation:
the impact of adverse developments affecting economic conditions in the markets in which we operate, including financial market conditions, a U.S. federal government shutdown, macroeconomic trends, changes in trade policies, including tariffs, fluctuations in interest rates and foreign currency exchange rates, inflationary pressures, including social inflation, pressures on the commercial real estate market, pandemics, and geopolitical events or conflicts; the occurrence of catastrophic events, both natural and man-made, which may be exacerbated by the effects of climate change; disruptions in the availability or accessibility of our or a third party’s information technology systems, including hardware and software, infrastructure or networks, and the inability to safeguard the confidentiality and integrity of customer, employee or company data due to cyberattacks, data security breaches or infrastructure vulnerabilities; our ability to effectively implement technological advancements, including the use of artificial intelligence (AI), and respond to competitors' AI and other technology initiatives; our ability to successfully complete strategic transactions, including to successfully dispose of, monetize and/or acquire businesses or assets or successfully integrate acquired businesses, and the anticipated benefits thereof; the effects of changes in laws and regulations, including those relating to privacy, data protection, cybersecurity and AI, and the regulation of insurance, in the U.S. and other countries in which we operate; concentrations in our investment portfolios; changes in the valuation of our investments; our reliance on third-party investment managers; nonperformance or defaults by counterparties; our reliance on third parties to provide certain business and administrative services; our ability to adequately assess risk and estimate related losses as well as the effectiveness of our enterprise risk management policies and procedures; changes in judgments or assumptions concerning insurance underwriting and insurance liabilities; concentrations of our insurance, reinsurance and other risk exposures; availability of adequate reinsurance or access to reinsurance on acceptable terms; changes to tax laws in the countries in which we operate; the effectiveness of strategies to retain and recruit key personnel and to implement effective succession plans; the effects of sanctions and the failure to comply with those sanctions; difficulty in marketing and distributing products through current and future distribution channels; actions by rating agencies with respect to our credit and financial strength ratings as well as those of its businesses and subsidiaries; changes in judgments concerning the recognition of deferred tax assets and the impairment of goodwill; our ability to address evolving global stakeholder expectations and regulatory requirements including with respect to environmental, social and governance matters and to effectively execute on sustainability targets and standards; our ability to effectively implement restructuring initiatives and potential cost-savings opportunities; changes to sources of or access to liquidity; changes in accounting principles and financial reporting requirements or their applicability to us; the outcome of significant legal, regulatory or governmental proceedings; and such other factors discussed in: Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (which will be filed with the Securities and Exchange Commission (SEC); Part I, Item 1A. Risk Factors and Part II, Item 7. MD&A in our Annual Report on Form 10-K for the year ended December 31, 2025; and our other filings with the SEC. Forward-looking statements speak only as of the date of this press release, or in the case of any document incorporated by reference, the date of that document. AIG is not under any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information as to factors that may cause actual results to differ materially from those expressed or implied in any forward-looking statements is disclosed from time to time in our filings with the SEC.
# # #
COMMENT ON REGULATION G AND NON-GAAP FINANCIAL MEASURES
Throughout this press release, including the financial highlights, AIG presents its financial condition and results of operations in the way it believes will be most meaningful and representative of its business results. Some of the measurements AIG uses are “Non-GAAP financial measures” under SEC rules and regulations. GAAP is the acronym for generally accepted accounting principles in the United States. The non-GAAP financial measures AIG presents are listed below and may not be comparable to similarly-named measures reported by other companies. The reconciliations of such measures to the most comparable GAAP measures in accordance with Regulation G are included within the relevant tables attached to this press release or in the Second Quarter 2026 Financial Supplement available in the Investors section of AIG’s website, www.aig.com.
Unless otherwise mentioned or unless the context indicates otherwise, we use the terms “AIG,” “we,” “us” and “our” to refer to American International Group, Inc., a Delaware corporation, and its consolidated subsidiaries.
AIG uses the following operating performance measures because AIG believes they enhance the understanding of the underlying profitability of operations and trends of AIG’s segments. AIG believes they also allow for more meaningful comparisons with AIG’s insurance competitors. When AIG uses these measures, reconciliations to the most comparable GAAP measure are provided on a consolidated basis.
Adjusted Pre-tax Income (APTI) is derived by excluding the items set forth below from income before income tax:
changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares; net investment income on Fortitude Re funds withheld assets held by AIG in support of Fortitude Re’s reinsurance obligations to AIG (Fortitude Re funds withheld assets); net realized gains and losses on Fortitude Re funds withheld assets; loss (gain) on extinguishment of debt; all net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication. Earned income on such economic hedges is reclassified from net realized gains and losses to specific APTI line items based on the economic risk being hedged (e.g. net investment income); income or loss from discontinued operations; net loss reserve discount benefit (charge); net results of businesses in run-off; non-operating pension expenses; net gain or loss on divestitures and other; non-operating litigation reserves and settlements; restructuring and other costs related to initiatives designed to reduce operating expenses, improve efficiency and simplify our organization; the portion of favorable or unfavorable prior year reserve development for which we have ceded the risk under retroactive reinsurance agreements and related changes in amortization of the deferred gain; integration and transaction costs associated with acquiring or divesting businesses; losses from the impairment of goodwill; and non-recurring costs associated with the implementation of non-ordinary course legal or regulatory changes or changes to accounting principles. Adjusted After-tax Income attributable to AIG common shareholders (adjusted after-tax income or AATI) is derived by excluding the tax effected APTI adjustments described above, noncontrolling interest on net realized gains (losses), other non-operating expenses and the following tax items from net income attributable to AIG:
deferred income tax valuation allowance releases and charges; and changes in uncertain tax positions and other tax items related to legacy matters having no relevance to our current businesses or operating performance. See page 14 for the reconciliation of Net income attributable to AIG to Adjusted After-tax Income attributable to AIG common shareholders.
Book value per share, excluding investments related cumulative unrealized gains and losses recorded in Accumulated other comprehensive income (loss) (AOCI) adjusted for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets (collectively, Investments AOCI) (Adjusted book value per share) is used to show the amount of our net worth on a per share basis after eliminating the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions. In addition, we adjust for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re. Adjusted book value per share is derived by dividing total AIG common shareholders’ equity, excluding Investments AOCI (AIG adjusted common shareholders' equity) by total common shares outstanding.
Book Value per share, excluding Investments AOCI, Goodwill, Value of business acquired (VOBA), Value of distribution channel acquired (VODA) and Other intangible assets (Adjusted tangible book value per share) is used to provide a useful measure of the realizable shareholder value on a per share basis after eliminating the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions and Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re. Adjusted tangible book value per share is derived by dividing AIG adjusted common equity, excluding intangible assets, (AIG adjusted tangible common shareholders’ equity) by total common shares outstanding.
Book value per share, excluding Investments AOCI, deferred tax assets (DTA) and AIG’s ownership interest in Corebridge (Core operating book value per share) is used to show the amount of our net worth on a per share basis after eliminating Investments AOCI, DTA and AIG’s ownership interest in Corebridge. We believe this measure is useful to investors because it eliminates the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions. We also exclude the portion of DTA representing U.S. tax attributes related to net operating loss carryforwards (NOLs), corporate alternative minimum tax credits (CAMTCs) and foreign tax credits (FTCs) that have not yet been utilized. Amounts for interim periods are estimates based on projections of full-year attribute utilization. As NOLs, CAMTCs and FTCs are utilized, the corresponding portion of the DTA utilized is included. We exclude AIG’s ownership interest in Corebridge since it is not a core long-term investment for AIG. Core operating book value per share is derived by dividing total AIG common shareholders’ equity, excluding Investments AOCI, DTA and AIG’s ownership interest in Corebridge (AIG core operating shareholders’ equity) by total common shares outstanding.
Total debt to total adjusted capital ratio is used to show the AIG’s debt leverage adjusted for Investments AOCI and is derived by dividing total debt by total capital excluding Investments AOCI (Total adjusted capital). We believe this measure is useful to investors because it eliminates items that can fluctuate significantly from period to period due to changes in market conditions. In addition, we adjust for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re.
Return on equity – Adjusted after-tax income excluding Investments AOCI (Adjusted return on equity) is used to show the rate of return on common shareholders’ equity excluding Investments AOCI. We believe this measure is useful to investors because it eliminates the fair value of investments which can fluctuate significantly from period to period due to changes in market conditions. Adjusted return on equity is derived by dividing actual or, for interim periods, annualized adjusted after-tax income attributable to AIG common shareholders by average AIG adjusted common shareholders’ equity.
Return on equity – Adjusted after-tax income excluding Investments AOCI, DTA and AIG’s ownership interest in Corebridge (Core operating return on equity) is used to show the rate of return on common shareholders’ equity excluding Investments AOCI, DTA and AIG’s ownership interest in Corebridge. We believe this measure is useful to investors because it eliminates the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions. We also exclude the portion of DTA representing U.S. tax attributes related to NOLs, CAMTCs and FTCs that have not yet been utilized. Amounts for interim periods are estimates based on projections of full-year attribute utilization. As NOLs, CAMTCs and FTCs are utilized, the corresponding portion of the DTA utilized is included. We exclude AIG’s ownership interest in Corebridge since it is not a core long-term investment for AIG. We believe this metric provides investors with greater insight as to the underlying profitability of our property and casualty business. Core operating return on equity is derived by dividing actual or, for interim periods, annualized adjusted after-tax income attributable to AIG common shareholders by average AIG core operating shareholders’ equity.
Ratios: We, along with most property and casualty insurance companies, use the loss ratio, the expense ratio and the combined ratio as measures of underwriting performance. These ratios are relative measurements that describe, for every $100 of net premiums earned, the amount of losses and loss adjustment expenses (which for General Insurance excludes net loss reserve discount), and the amount of other underwriting expenses that would be incurred. A combined ratio of less than 100 indicates underwriting income and a combined ratio of over 100 indicates an underwriting loss. Our ratios are calculated using the relevant segment information calculated under GAAP, and thus may not be comparable to similar ratios calculated for regulatory reporting purposes. The underwriting environment varies across countries and products, as does the degree of litigation activity, all of which affect such ratios. In addition, investment returns, local taxes, cost of capital, regulation, product type and competition can have an effect on pricing and consequently on profitability as reflected in underwriting income and associated ratios.
Accident year loss and Accident year combined ratios, as adjusted (Accident year loss ratio, ex-CAT and Accident year combined ratio, ex-CAT): both the accident year loss and accident year combined ratios, as adjusted, exclude catastrophe losses (CATs) and related reinstatement premiums, net of reinsurance, and prior year development, net of prior year premiums, net of reinsurance, and the impact of reserve discounting. Natural catastrophe losses are generally weather or seismic events, in each case, having a net impact on AIG in excess of $10 million and man-made catastrophe losses, such as terrorism and civil unrest that exceed the $10 million threshold. We believe that as adjusted ratios are meaningful measures of our underwriting results on an ongoing basis as they exclude catastrophes and the impact of reserve discounting which are outside of management’s control. We also exclude prior year development to provide transparency related to current accident year results.
Underwriting ratios are computed net of reinsurance and as follows:
Loss ratio = Loss and loss adjustment expenses incurred ÷ Net premiums earned (NPE) Acquisition ratio = Total acquisition expenses ÷ NPE General operating expense ratio = General operating expenses ÷ NPE Expense ratio = Acquisition ratio + General operating expense ratio Combined ratio = Loss ratio + Expense ratio CATs and reinstatement premiums ratio = [Loss and loss adjustment expenses incurred – (CATs)] ÷ [NPE +/(-) Reinstatement premiums related to catastrophes] – Loss ratio Accident year loss ratio, as adjusted (AYLR, ex-CAT) = [Loss and loss adjustment expenses incurred – CATs – PYD] ÷ [NPE +/(-) Reinstatement premiums related to catastrophes +/(-) Prior year premiums] Accident year combined ratio, as adjusted (AYCR, ex-CAT) = AYLR ex-CAT + Expense ratio Prior year development, net of prior year premiums ratio = [Loss and loss adjustment expenses incurred – CATs – PYD] ÷ [NPE +/(-) Reinstatement premiums related to catastrophes +/(-) Prior year premiums] – Loss ratio – CATs and reinstatement premiums ratio. Results from discontinued operations are excluded from all of these measures.
# # #
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
American International Group, Inc.
Selected Financial Data and Non-GAAP Reconciliation
($ in millions, except per common share data)
Reconciliations of Adjusted Pre-tax and After-tax Income
Three Months Ended June 30,
2025
2026
Pre-tax
Total Tax
(Benefit)
Charge
After
Tax
Pre-tax
Total Tax
(Benefits)
Charge
After
Tax
Pre-tax income/net income, including noncontrolling interests
$
1,544
$
400
$
1,144
$
1,264
$
316
$
948
Noncontrolling interests
—
—
Pre-tax income/Net income attributable to AIG common shareholders
1,544
400
1,144
1,264
316
948
Adjustments:
Changes in uncertain tax positions and other tax adjustments
(2
)
2
(7
)
7
Deferred income tax valuation allowance (releases) charges
(11
)
11
2
(2
)
Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares
(464
)
(97
)
(367
)
(173
)
(37
)
(136
)
Gain on extinguishment of debt
(5
)
(1
)
(4
)
—
—
—
Net investment income on Fortitude Re funds withheld assets
(39
)
(9
)
(30
)
(36
)
(7
)
(29
)
Net realized losses on Fortitude Re funds withheld assets
52
11
41
6
1
5
Net realized gains on Fortitude Re funds withheld embedded derivative
14
3
11
51
11
40
Net realized losses(a)
191
33
158
208
38
170
Net (gain) loss on divestitures and other(b)
(50
)
(10
)
(40
)
6
1
5
Non-operating litigation reserves and settlements
(2
)
(1
)
(1
)
—
—
—
Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements
53
11
42
(67
)
(14
)
(53
)
Net loss reserve discount charge
12
3
9
28
6
22
Net results of businesses in run-off(c)
(2
)
—
(2
)
1
—
1
Non-operating pension expenses
5
1
4
(1
)
—
(1
)
Integration and transaction costs associated with acquiring or divesting businesses
1
—
1
41
9
32
Restructuring and other costs
78
16
62
71
15
56
Non-recurring costs related to regulatory or accounting changes
3
—
3
5
1
4
Adjusted pre-tax income/Adjusted after-tax income attributable to AIG common shareholders
$
1,391
$
347
$
1,044
$
1,404
$
335
$
1,069
Reconciliations of Adjusted Pre-tax and After-tax Income
Six Months Ended June 30,
2025
2026
Pre-tax
Total Tax
(Benefits)
Charge
After
Tax
Pre-tax
Total Tax
(Benefits)
Charge
After
Tax
Pre-tax income/Net income, including noncontrolling interests
$
2,504
$
662
$
1,842
$
2,251
$
540
$
1,711
Noncontrolling interests
—
—
Pre-tax income/Net income attributable to AIG common shareholders
2,504
662
1,842
2,251
540
1,711
Adjustments:
Changes in uncertain tax positions and other tax adjustments
4
(4
)
86
(86
)
Deferred income tax valuation allowance charges
(9
)
9
(81
)
81
Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares
(681
)
(143
)
(538
)
64
13
51
Gain on extinguishment of debt
(5
)
(1
)
(4
)
—
—
—
Net investment income on Fortitude Re funds withheld assets
(79
)
(17
)
(62
)
(59
)
(12
)
(47
)
Net realized losses on Fortitude Re funds withheld assets
54
11
43
19
4
15
Net realized (gains) losses on Fortitude Re funds withheld embedded derivative
55
12
43
41
9
32
Net realized losses(a)
257
(5
)
262
344
81
263
Net (gain) loss on divestitures and other(b)
(53
)
(11
)
(42
)
133
28
105
Non-operating litigation reserves and settlements
(13
)
(3
)
(10
)
—
—
—
Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements
62
13
49
(75
)
(16
)
(59
)
Net loss reserve discount (benefit) charge
29
6
23
(20
)
(4
)
(16
)
Net results of businesses in run-off(c)
(7
)
(1
)
(6
)
6
1
5
Non-operating pension expenses
10
2
8
(2
)
—
(2
)
Integration and transaction costs associated with acquiring or divesting businesses
6
1
5
48
10
38
Restructuring and other costs
154
32
122
147
31
116
Non-recurring costs related to regulatory or accounting changes
7
1
6
10
2
8
Adjusted pre-tax income/Adjusted after-tax income attributable to AIG common shareholders
$
2,300
$
554
$
1,746
$
2,907
$
692
$
2,215
Includes all Net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication and net realized gains and losses on Fortitude Re funds withheld assets. In the six months ended June 30, 2026, Net loss on divestitures and other primarily relates to a change in estimate for earn-out considerations associated with the dispositions of Validus Reinsurance, Ltd. and global personal travel and assistance business. In the third quarter of 2025, AIG began excluding the net results of run-off businesses previously reported in General Insurance from Adjusted pre-tax income. Reconciliations of General Insurance Net Investment Income and Other and Adjusted Pre-tax Income
Three Months Ended June 30,
Six Months Ended June 30,
2025
2026
2025
2026
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net investment income and other/Pre-tax income (loss)(a)
$
872
$
1,137
$
942
$
(522
)
$
1,628
$
1,986
$
1,726
$
819
Other income (expense) - net
—
—
(1
)
—
—
—
(3
)
—
Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares
(4
)
(4
)
(70
)
(70
)
(24
)
(24
)
12
12
Net investment income on Fortitude Re funds withheld assets
—
—
—
—
1
1
—
—
Net realized (gains) losses on Fortitude Re funds withheld assets
—
5
—
(1
)
—
7
—
(1
)
Net realized losses
3
270
—
2,067
2
323
—
2,223
Net (gain) loss on divestitures and other
—
(43
)
—
14
—
(37
)
—
11
Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements
—
60
—
(57
)
—
74
—
(52
)
Net loss reserve discount (benefit) charge
—
12
—
28
—
29
—
(20
)
Non-operating pension expenses
—
5
—
1
—
9
—
2
Integration and transaction costs associated with acquiring or divesting businesses
—
—
—
33
—
—
—
65
Restructuring and other costs
—
47
—
48
—
92
—
105
Non-recurring costs related to regulatory or accounting changes
—
3
—
5
—
7
—
10
Net investment income and other, APTI basis/Adjusted pre-tax income (loss)
$
871
$
1,492
$
871
$
1,546
$
1,607
$
2,467
$
1,735
$
3,174
Reconciliations of Other Operations Net Investment Income and Other and Adjusted Pre-tax Income
Three Months Ended June 30,
Six Months Ended June 30,
2025
2026
2025
2026
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net
Investment
Income
and Other
Pre-tax
Income
(Loss)
Net investment income and other/Pre-tax income (loss)(a)
$
600
$
407
$
186
$
1,786
$
960
$
518
$
115
$
1,432
Consolidation and Eliminations
4
—
(1
)
—
3
—
—
—
Other income (expense) - net
(2
)
—
2
—
(11
)
—
3
—
Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares
(460
)
(460
)
(103
)
(103
)
(657
)
(657
)
52
52
Gain on extinguishment of debt
—
(5
)
—
—
—
(5
)
—
—
Net investment income on Fortitude Re funds withheld assets
(39
)
(39
)
(36
)
(36
)
(80
)
(80
)
(59
)
(59
)
Net realized (gains) losses on Fortitude Re funds withheld assets
—
47
—
7
—
47
—
20
Net realized losses on Fortitude Re funds withheld embedded derivative
—
14
—
51
—
55
—
41
Net realized gains
(3
)
(79
)
—
(1,859
)
—
(66
)
—
(1,879
)
Net (gain) loss on divestitures and other
—
(7
)
—
(8
)
—
(16
)
—
122
Non-operating litigation reserves and settlements
—
(2
)
—
—
—
(13
)
—
—
Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements
—
(7
)
—
(10
)
—
(12
)
—
(23
)
Net results of businesses in run-off
(8
)
(2
)
(9
)
1
(13
)
(7
)
(18
)
6
Non-operating pension expenses
—
—
—
(2
)
—
1
—
(4
)
Integration and transaction costs associated with acquiring or divesting businesses
—
1
—
8
—
6
—
(17
)
Restructuring and other costs
—
31
—
23
—
62
—
42
Net investment income and other, APTI basis/Adjusted pre-tax income (loss)
$
92
$
(101
)
$
39
$
(142
)
$
202
$
(167
)
$
93
$
(267
)
In the first quarter of 2026, AIG realigned and began reporting Amortization of intangible assets in General Insurance from Other Operations; historical results have been recast to reflect these changes. Summary of Key Financial Metrics
Three Months Ended June 30,
Six Months Ended June 30,
Earnings per common share:
2025
2026
% Inc. (Dec.)
2025
2026
% Inc. (Dec.)
Basic
$
2.00
$
1.79
(10.5
)
%
$
3.16
$
3.21
1.6
%
Diluted
$
1.98
$
1.78
(10.1
)
%
$
3.13
$
3.18
1.6
%
Adjusted after-tax income attributable to AIG common shareholders per diluted share
$
1.81
$
2.00
10.5
%
$
2.97
$
4.12
38.7
%
Weighted average shares outstanding:
Basic
572.8
529.5
583.3
533.8
Diluted
577.9
533.5
588.5
537.8
Reconciliation of Net Investment Income
Three Months Ended
June 30,
2025
2026
Net Investment Income per Consolidated Statements of Operations
$
1,466
$
1,127
Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares
(464
)
(173
)
Net investment income on Fortitude Re funds withheld assets
(39
)
(36
)
Net realized gains (losses) related to economic hedges and other
—
(1
)
Net investment income of businesses in run-off
(8
)
(9
)
Total Net Investment Income - APTI Basis
$
955
$
908
Reconciliation of Total Debt to Total Capital
Three Months Ended
June 30, 2026
Total financial and hybrid debt
$
8,963
Total capital
$
49,589
Less non-redeemable noncontrolling interests
20
Less Investments AOCI
(1,362
)
Total adjusted capital
$
50,931
Hybrid - debt securities / Total capital
1.0
%
Financial debt / Total capital
17.1
Total debt / Total capital
18.1
Adjusted capital impact
(0.5
)
Total debt / Total adjusted capital
17.6
%
Reconciliation of Book Value per Share
As of period end:
June 30,
2025
March 31,
2026
June 30,
2026
Total AIG common shareholders' equity (a)
$
41,501
$
40,405
$
40,606
Less: Investments AOCI
(1,957
)
(1,993
)
(1,884
)
Add: Cumulative unrealized gains and losses related to Fortitude Re Funds withheld assets
(567
)
(537
)
(522
)
Subtotal Investments AOCI
(1,390
)
(1,456
)
(1,362
)
Total adjusted common shareholders' equity (b)
$
42,891
$
41,861
$
41,968
Total adjusted common shareholders' equity (b)
$
42,891
$
41,861
$
41,968
Total intangible assets
3,814
4,103
4,095
AIG adjusted tangible common shareholders' equity (d)
$
39,077
$
37,758
$
37,873
Total AIG common shareholders' equity (a)
$
41,501
$
40,405
$
40,606
Less: AIG's ownership interest in Corebridge
4,043
607
—
Less: Investments related AOCI - AIG
(1,957
)
(1,993
)
(1,884
)
Add: Cumulative unrealized gains and losses related to Fortitude Re funds withheld assets - AIG
(567
)
(537
)
(522
)
Subtotal Investments AOCI - AIG
(1,390
)
(1,456
)
(1,362
)
Less: Deferred tax assets
3,183
3,132
2,912
AIG core operating shareholders' equity (e)
$
35,665
$
38,122
$
39,056
Total common shares outstanding (f)
559.8
532.9
524.7
As of period end:
June 30, 2025
% Inc. (Dec.)
March 31, 2026
% Inc. (Dec.)
June 30, 2026
Book value per share (a÷f)
$
74.14
4.4 %
$
75.82
2.1 %
$
77.39
Adjusted book value per share (b÷f)
76.62
4.4
78.55
1.8
79.98
Adjusted tangible book value per share (d÷f)
69.81
3.4
70.85
1.9
72.18
Core operating book value per share (e÷f)
63.71
16.8
71.54
4.0
74.43
Reconciliation of Return On Equity
Three Months Ended
June 30,
2025
2026
Actual or annualized net income (loss) attributable to AIG common shareholders (a)
$
4,576
$
3,792
Actual or annualized adjusted after-tax income attributable to AIG common shareholders (b)
$
4,176
$
4,276
Average AIG adjusted common shareholders' equity
Average AIG Common Shareholders' equity (c)
$
41,466
$
40,506
Less: Average investments AOCI
(1,585
)
(1,409
)
Average adjusted common shareholders' equity (d)
$
43,051
$
41,915
Average AIG core operating shareholders' equity
Average AIG common shareholders' equity
$
41,466
$
40,506
Less: Average AIG's ownership interest in Corebridge
4,031
304
Less: Average investments AOCI - AIG
(1,585
)
(1,409
)
Less: Average deferred tax assets
3,277
3,022
Average AIG core operating shareholders' equity (f)
$
35,743
$
38,589
ROE (a÷c)
11.0
%
9.4
%
Adjusted return on equity (b÷d)
9.7
%
10.2
%
Core operating ROE (b÷f)
11.7
%
11.1
%
Reconciliation of Net Premiums Written - Change on Constant Dollar Basis
Three Months Ended June 30, 2026
General
Insurance
Increase (decrease) as reported in U.S. dollars
9
%
Property lines
2
Increase (decrease) on constant dollar basis, excluding Property lines
11
%
Reconciliations of Accident Year Loss and Accident Year Combined Ratios, as Adjusted
Three Months Ended June 30,
2025
2026
North America Commercial
Combined ratio
85.9
84.0
Catastrophe losses and reinstatement premiums
(4.7
)
(4.1
)
Prior year development, net of prior year premiums
5.0
6.8
Accident year combined ratio, as adjusted
86.2
86.7
International Commercial
Combined ratio
85.9
91.3
Catastrophe losses and reinstatement premiums
(1.4
)
(3.9
)
Prior year development, net of prior year premiums
0.5
(0.1
)
Accident year combined ratio, as adjusted
85.0
87.3
Global Personal
Combined ratio
98.5
92.9
Catastrophe losses and reinstatement premiums
(2.4
)
(1.7
)
Prior year development, net of prior year premiums
Key Takeaways AIG is likely to post Q2 revenue and EPS growth despite falling earnings estimates over the past 60 days.Net investment income is projected to decline 32.1% due to fair value changes in key investments.General Insurance premiums are expected to rise, but combined ratios are projected to deteriorate. Insurance provider American International Group, Inc. (AIG - Free Report) is set to report its second-quarter 2026 results on Aug. 6, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.89 per shareon revenues of $7.27 billion.
The second-quarter earnings estimate declined by 4 cents over the past 60 days. Yet, the bottom-line projection indicates year-over-year growth of 4.4%. Also, the Zacks Consensus Estimate for quarterly revenues suggests a year-over-year increase of 6.3%.
Image Source: Zacks Investment Research
For 2026, the Zacks Consensus Estimate for American International’s revenues is pegged at $29.09 billion, implying a rise of 5.9% year over year. Also, the consensus mark for 2026 EPS is pegged at $7.97, implying a 12.4% year-over-year growth.
American International beat earnings estimates in each of the past four quarters, with the average surprise being 15.1%. This is depicted in the figure below.
Q2 Earnings Whispers for AIGHowever, our proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s not the case here.
AIG has an Earnings ESP of -1.12% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
What’s Shaping AIG’s Q2 Results?The Zacks Consensus Estimate for second-quarter General Insurance net premiums earned indicates 7.7% year-over-year growth. Also, North America and International units are expected to have witnessed year-over-year increases.
The consensus estimate for adjusted pre-tax income from General Insurance indicates around a 0.6% increase from the year-ago quarter. But the same from the Other Operations indicates a higher level of loss in the second quarter of 2025 from the year-ago period.
The Zacks Consensus Estimate for second-quarter combined ratio from the General Insurance segment is pegged at 90.1%, deteriorating from the year-ago level of 89.3%. Also, the combined ratio from its international commercial operations indicates a deterioration to 87.6% from 85.9% a year ago.
The consensus mark for net investment income suggests a 32.1% decline from the year-ago period, likely due to changes in the fair value of its investments in Corebridge and equity securities. These are likely to have partially offset the positives in the second quarter, making an earnings beat uncertain.
How Did Other Insurers Fare This Quarter?Several insurance companies, including Marsh & McLennan Companies, Inc. (MRSH - Free Report) , Lincoln National Corporation (LNC - Free Report) and RenaissanceRe Holdings Ltd. (RNR - Free Report) , have already reported their financial results for the June quarter of 2026. Here’s how they performed:
Marsh reported second-quarter 2026 adjusted earnings per share of $2.96, which surpassed the Zacks Consensus Estimate by 2.8%. The bottom line advanced 8.8% year over year.Its strong quarterly results benefited from solid growth in the Risk and Insurance Services and Consulting units. However, the upside was partially offset by Marsh’s elevated operating expenses, primarily due to increased compensation and benefits.
Lincoln National reported second-quarter 2026 adjusted earnings per share of $2.24, which surpassed the Zacks Consensus Estimate by 12%, but declined 5.1% year over year. The quarterly earnings were supported by higher net investment income and lower expenses. Improved profitability in the Life Insurance and Retirement Plan Services segments also contributed to the upside. Nevertheless, these gains were partly offset by lower sales in LNC’s Annuities and Group Protection segments.
RenaissanceRe reported second-quarter 2026 operating income of $12.92 per share, which surpassed the Zacks Consensus Estimate by 12.9%. The bottom line also improved 5.1% year over year. The quarterly earnings benefited from lower expenses, higher net investment income and an improved total combined ratio. However, the upside was partly offset by lower net premiums earned, weaker underwriting results in RNR’s Casualty & Specialty segment and lower fee income.
In its upcoming report, American International Group (AIG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.89 per share, reflecting an increase of 4.4% compared to the same period last year. Revenues are forecasted to be $7.27 billion, representing a year-over-year increase of 6.3%.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some American International Group metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenues- Total net investment income' should arrive at $981.31 million. The estimate indicates a year-over-year change of -33.1%.
Analysts' assessment points toward 'General Insurance- North America Commercial- Net premiums earned' reaching $2.38 billion. The estimate indicates a year-over-year change of +11.8%.
The consensus among analysts is that 'General Insurance- International Commercial- Net premiums earned' will reach $2.32 billion. The estimate indicates a change of +9.2% from the prior-year quarter.
The average prediction of analysts places 'General Insurance- Global Personal- Net premiums earned' at $1.64 billion. The estimate indicates a change of +1.2% from the prior-year quarter.
Analysts forecast 'General Insurance - North America Commercial - Loss ratio' to reach 65.0%. The estimate compares to the year-ago value of 62.8%.
The combined assessment of analysts suggests that 'General Insurance - International Commercial - Combined ratio' will likely reach 87.6%. The estimate compares to the year-ago value of 85.9%.
Analysts expect 'General Insurance - North America Commercial - Combined ratio' to come in at 88.1%. Compared to the present estimate, the company reported 85.9% in the same quarter last year.
According to the collective judgment of analysts, 'General Insurance - International Commercial - Expense ratio' should come in at 30.3%. The estimate compares to the year-ago value of 30.8%.
Analysts predict that the 'General Insurance - Loss ratio' will reach 59.7%. Compared to the present estimate, the company reported 58.3% in the same quarter last year.
The consensus estimate for 'General Insurance - Expense ratio' stands at 30.4%. The estimate is in contrast to the year-ago figure of 31.0%.
It is projected by analysts that the 'General Insurance - Combined ratio' will reach 90.1%. Compared to the present estimate, the company reported 89.3% in the same quarter last year.
The collective assessment of analysts points to an estimated 'General Insurance - Acquisition ratio' of 17.7%. Compared to the present estimate, the company reported 17.8% in the same quarter last year.
View all Key Company Metrics for American International Group here>>>
Shares of American International Group have demonstrated returns of -2.4% over the past month compared to the Zacks S&P 500 composite's +1.7% change. With a Zacks Rank #3 (Hold), AIG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
The market expects American International Group (AIG - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis insurer is expected to post quarterly earnings of $1.89 per share in its upcoming report, which represents a year-over-year change of +4.4%.
Revenues are expected to be $7.27 billion, up 6.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.76% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for American International Group?For American International Group, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.12%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that American International Group will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that American International Group would post earnings of $1.9 per share when it actually produced earnings of $2.11, delivering a surprise of +11.05%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
American International Group doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Insurance - Multi line industry, TWFG, Inc. (TWFG - Free Report) , is soon expected to post earnings of $0.25 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +25%. This quarter's revenue is expected to be $75.03 million, up 24.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for TWFG, Inc. has been revised 1.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +2.04%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that TWFG, Inc. will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
First Trust Advisors LP lowered its stake in shares of American International Group, Inc. (NYSE:AIG – Free Report) by 20.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 970,662 shares of the insurance provider’s stock after selling 256,414 shares during the period. First Trust Advisors LP owned 0.18% of American International Group worth $73,042,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AIG. Modus Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth about $27,000. Navalign LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new position in shares of American International Group during the fourth quarter valued at approximately $34,000. Finally, CENTRAL TRUST Co lifted its stake in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.
American International Group Trading Up 1.2% AIG stock opened at $79.09 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $41.93 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.73 and a beta of 0.53. The business has a fifty day simple moving average of $76.74 and a 200-day simple moving average of $76.49. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29.
American International Group (NYSE:AIG – Get Free Report) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the firm earned $1.17 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 7.97 EPS for the current year.
American International Group Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were issued a $0.50 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s dividend payout ratio (DPR) is 35.27%.
Wall Street Analysts Forecast Growth Several analysts have commented on AIG shares. Bank of America lowered their target price on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods dropped their target price on American International Group from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Piper Sandler reiterated a “neutral” rating and set a $80.00 target price (down from $88.00) on shares of American International Group in a research report on Wednesday, July 15th. Weiss Ratings raised American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, HSBC lowered their price target on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and an average target price of $88.22.
Read Our Latest Report on AIG
American International Group Profile (Free Report)
American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.
The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.
See Also Five stocks we like better than American International Group Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG – Free Report).
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Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
American International Group (AIG - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of -8.64% since the start of the year. The insurer is paying out a dividend of $0.50 per share at the moment, with a dividend yield of 2.56% compared to the Insurance - Multi line industry's yield of 1.79% and the S&P 500's yield of 1.33%.
Looking at dividend growth, the company's current annualized dividend of $2.00 is up 14.3% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AIG for this fiscal year. The Zacks Consensus Estimate for 2026 is $7.97 per share, with earnings expected to increase 12.41% from the year ago period.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, AIG is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Bank of Nova Scotia boosted its position in American International Group, Inc. (NYSE:AIG – Free Report) by 494.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 507,662 shares of the insurance provider’s stock after purchasing an additional 422,214 shares during the quarter. Bank of Nova Scotia owned approximately 0.10% of American International Group worth $38,202,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in AIG. Norges Bank bought a new position in shares of American International Group in the fourth quarter worth approximately $636,782,000. Price T Rowe Associates Inc. MD increased its position in shares of American International Group by 39.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after purchasing an additional 4,661,246 shares during the last quarter. Franklin Resources Inc. raised its position in American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after acquiring an additional 4,210,363 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after purchasing an additional 1,846,979 shares during the period. Finally, Viking Global Investors LP purchased a new position in shares of American International Group during the 2nd quarter valued at about $155,413,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.
American International Group Stock Up 1.2% Shares of NYSE:AIG opened at $79.09 on Friday. The company has a market cap of $41.93 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.72 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $76.74 and a 200 day moving average price of $76.49.
American International Group (NYSE:AIG – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 7.97 earnings per share for the current year.
American International Group Increases Dividend The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is presently 35.27%.
Analyst Upgrades and Downgrades A number of analysts have recently issued reports on AIG shares. Piper Sandler reissued a “neutral” rating and issued a $80.00 price objective (down from $88.00) on shares of American International Group in a research note on Wednesday, July 15th. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Wells Fargo & Company lifted their target price on American International Group from $85.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Mizuho upped their price target on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Citigroup increased their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.22.
Get Our Latest Stock Report on AIG
American International Group Company Profile (Free Report)
American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.
The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.
See Also Five stocks we like better than American International Group AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG – Free Report).
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Stock to Watch: American International Group (AIG - Free Report) American International Group is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals protect their assets and manage risks through AIG operations, licenses and authorizations, as well as network partners. It serves clients in over 200 countries and jurisdictions, ranging from individuals and small and medium-sized businesses to multinational Fortune 500 companies.
AIG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.99; value investors should take notice.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.03 to $8.00 per share. AIG also boasts an average earnings surprise of +15.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AIG should be on investors' short list.
SummaryAmerican International Group (AIG) is upgraded to buy, driven by undervaluation, improving insurance metrics, and a robust investment-grade balance sheet. AIG's combined ratio and margins are improving, with the analyst consensus forecasting +12.8% YoY EPS growth and 19 upward revisions. Dividend growth and safety are meaningful, with AIG leading its peer group in 5-year dividend growth and maintaining a conservative payout ratio. Key risks remain from outsized catastrophe events, but diversified assets and liquidity position AIG as both a growth and dividend idea. Gary Yeowell/DigitalVision via Getty Images
A Major P&C Insurer With +$41B in Market Cap, With Lots More Upside Potential American International Group (AIG) is on my radar again for a followup ahead of its upcoming Q2 earnings results, and
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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in New York, American International Group (AIG - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -5.25%. The insurer is paying out a dividend of $0.50 per share at the moment, with a dividend yield of 2.47% compared to the Insurance - Multi line industry's yield of 1.97% and the S&P 500's yield of 1.35%.
Looking at dividend growth, the company's current annualized dividend of $2.00 is up 14.3% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AIG for this fiscal year. The Zacks Consensus Estimate for 2026 is $7.98 per share, with earnings expected to increase 12.55% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AIG is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? American International Group (AIG - Free Report) , which belongs to the Zacks Insurance - Multi line industry, could be a great candidate to consider.
This insurer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 7.38%.
For the last reported quarter, American International Group came out with earnings of $2.11 per share versus the Zacks Consensus Estimate of $1.9 per share, representing a surprise of 11.05%. For the previous quarter, the company was expected to post earnings of $1.89 per share and it actually produced earnings of $1.96 per share, delivering a surprise of 3.70%.
Price and EPS Surprise
For American International Group, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
American International Group has an Earnings ESP of +0.93% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 6, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Christine Williams has been named Head of Global Client and Broker Relationships, effective September 1, 2026. Ms. Williams will report to Jon Hancock, Executive Vice President and Chief Executive Officer of General Insurance, AIG. She will be based in New York. In this new role, Ms. Williams will lead AIG's enterprise-wide relationships with key global clients and distribution partners, working acros.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2026, after the market closes on Thursday, August 6, 2026. AIG's press release and financial supplement will be available in the Investors section of AIG's website at https://www.aig.com. AIG will also host a conference call on Friday, August 7, 2026, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be a.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Nancy Bewlay has been named Executive Vice President, Global Chief Underwriting Officer, effective September 8, 2026. Ms. Bewlay will report to Eric Andersen, President & Chief Executive Officer of AIG, and join the Company's Executive Leadership Team. She will be based in New York. In this role, Ms. Bewlay will have responsibility for AIG's underwriting strategy, including advancing underwriting.
Key Takeaways AIG's transformation is driving stronger underwriting and earnings growth.AFG combines disciplined underwriting with solid capital returns.Accelerant's AI-powered, capital-light model is fueling rapid specialty insurance growth. While AI and technology remain major market themes, investors are increasingly broadening their focus to defensive sectors. Insurance stands out as an attractive option, offering stable earnings, pricing power and resilient cash flows. In an environment marked by sticky inflation, higher-for-longer interest rates, geopolitical tensions and ongoing supply chain disruptions, companies with dependable earnings have become increasingly appealing.
Where the Biggest Opportunities AreNot every insurance company is benefiting equally, however. Investors are favoring insurers with disciplined underwriting, solid pricing power, fee-based revenues and exposure to specialized markets where competition is limited. At the same time, companies with heavy catastrophe exposure or weaker investment portfolios are drawing greater scrutiny.
Insurance brokers remain one of the industry's strongest long-term stories. Unlike insurers, brokers generate commissions without assuming underwriting risk. Demand for commercial insurance, employee benefits, cyber coverage and specialty products continues to rise, while industry consolidation is creating additional growth opportunities.
The broader commercial insurance market is also holding up well, even as pricing gradually normalizes after several years of sharp increases. According to Marsh & McLennan Companies, Inc.’s (MRSH - Free Report) Global Insurance Market Index, global commercial insurance rates declined 5% in the first quarter of 2026, marking the seventh straight quarter of easing prices. Even so, many commercial lines remain profitable, particularly property insurance, where favorable reinsurance conditions and ample capacity continue to support earnings.
Specialty & Excess-and-Surplus (E&S) insurance remains one of the fastest-growing niches. Businesses increasingly need protection against cyberattacks, professional liability claims, climate-related risks and other complex exposures. These policies are harder to underwrite, allowing insurers with specialized expertise to maintain stronger pricing and healthier margins.
Technology is Becoming a Competitive EdgeTechnology investments are increasingly separating industry leaders from the rest. More insurers are using artificial intelligence to speed up claims processing, improve underwriting, detect fraud and enhance customer service. While adoption varies across the industry, companies investing in modern technology platforms could improve efficiency and profitability over time. InsurTech and AI-enabled platforms remain a long-term growth theme as insurers modernize legacy systems, though many pure-play InsurTech firms remain smaller and more volatile.
Insurance Stocks That Stand OutAgainst this backdrop, three insurance companies stand out: American International Group, Inc. (AIG - Free Report) , American Financial Group, Inc. (AFG - Free Report) and Accelerant Holdings (ARX - Free Report) . The companies carry a Zacks Rank #2 (Buy) each, combine solid earnings momentum with favorable estimate revisions and are well positioned to benefit from current industry trends. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Let’s take a closer look at these three insurers and why they stand out.
American International Group continues to benefit from its multi-year transformation, which is driving stronger underwriting performance, disciplined capital allocation and consistent shareholder returns. In first-quarter 2026, General Insurance net premiums written increased 24% year over year, underwriting income more than tripled to $774 million, and the combined ratio improved to an excellent 87.3%, reflecting underwriting discipline across commercial and personal lines.
The company also benefits from a strong balance sheet. In February 2026, it completed minority investments in Convex and Onex, which are expected to be accretive to 2026 earnings and ROE. It is also expanding its commercial footprint through an agreement to acquire Everest’s insurance operations in Colombia, with closing expected in early 2027.
Based on short-term price targets offered by 22 analysts, the Wall Street average price target for AIG stands at $88.18 per share, suggesting a 17.4% upside from current levels.
The Zacks Consensus Estimate for AIG’s 2026 earnings is pegged at $7.98 per share, indicating 12.6% year-over-year growth. The estimate witnessed eight upward revisions over the past 60 days against no movement in the opposite direction. Its 2027 earnings estimate indicates a further 10.3% increase. It beat earnings estimates in each of the past four quarters with an average surprise of 15.1%. The consensus mark for 2026 revenues is pegged at $29.18 billion, indicating 6.3% year-over-year growth, while the same for 2027 suggests a further 7% increase.
American Financial Group is well-positioned to benefit from sustained strength in the specialty property and casualty insurance market, supported by disciplined underwriting and a diversified commercial portfolio. In first-quarter 2026, net operating earnings increased 36.5% year over year, while Specialty P&C underwriting profit jumped 66%, driving an annualized return on equity of 15.8%.
The company continues to generate healthy investment income from its high-quality portfolio and maintains a shareholder-friendly capital allocation strategy. It returned $259 million through special dividends and share repurchases in the first quarter. Analysts' price targets currently range from $127 to $158, reflecting differing views on the stock's upside potential.
The Zacks Consensus Estimate for 2026 earnings is pegged at $11.37 per share, indicating a 10.5% year-over-year rise. The estimate has witnessed three upward revisions over the past 60 days against no movement in the opposite direction. Its 2027 earnings estimate suggests a further 5.2% increase. American Financial Group beat the consensus estimate for earnings in three of the past four quarters and missed once, with the average surprise being 7.3%. The consensus mark for 2026 revenues is pegged at $8.01 billion, while the same for 2027 indicates a further 8% jump.
Accelerant Holdings is capitalizing on the growing specialty insurance market through its technology-enabled risk exchange that connects managing general agents or MGAs with diversified risk capital providers. In the first quarter of 2026, Exchange Written Premium increased 16% year over year to $1.14 billion, while operating revenues climbed 57% to $273.2 million. Fee-based Adjusted EBITDA more than doubled, reflecting the company's strategic shift toward capital-light, recurring revenue streams.
Accelerant also expanded its network to 296 members and reaffirmed strong full-year growth expectations. Its proprietary data, AI-driven underwriting tools and scalable marketplace model position the company to deliver profitable, long-term growth as specialty insurance adoption continues to expand. At the end of the first quarter, total assets stood at $8.6 billion. Based on short-term price targets offered by nine analysts, the Wall Street average price target for ARX is at $19.33 per share, suggesting a 53.1% upside from current levels.
The Zacks Consensus Estimate for ARX’s 2026 earnings is pegged at 73 cents per share, which has witnessed five upward estimate revisions over the past 60 days against no movement in the opposite direction. Its 2027 earnings estimate indicates a 24.2% jump. It beat earnings estimates in each of the past four quarters, with an average surprise of 32.6%. The consensus mark for 2026 revenues is pegged at $1.09 billion, implying 19% year-over-year growth, while the same for 2027 suggests a further 9.4% increase.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: American International Group (AIG - Free Report) American International Group is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals protect their assets and manage risks through AIG operations, licenses and authorizations, as well as network partners. It serves clients in over 200 countries and jurisdictions, ranging from individuals and small and medium-sized businesses to multinational Fortune 500 companies.
AIG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. AIG has a Momentum Style Score of B, and shares are up 1.8% over the past four weeks.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $7.98 per share. AIG boasts an average earnings surprise of +15.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AIG should be on investors' short list.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is American International Group (AIG - Free Report) . AIG is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.
We should also highlight that AIG has a P/B ratio of 1.07. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.78. Over the past year, AIG's P/B has been as high as 1.22 and as low as 0.97, with a median of 1.09.
Finally, investors will want to recognize that AIG has a P/CF ratio of 6.55. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 8.23. AIG's P/CF has been as high as 38.26 and as low as 6.49, with a median of 24.14, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that American International Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AIG feels like a great value stock at the moment.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: American International Group (AIG - Free Report) American International Group is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals protect their assets and manage risks through AIG operations, licenses and authorizations, as well as network partners. It serves clients in over 200 countries and jurisdictions, ranging from individuals and small and medium-sized businesses to multinational Fortune 500 companies.
AIG is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.41; value investors should take notice.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.20 to $7.99 per share. AIG boasts an average earnings surprise of +15.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AIG should be on investors' short list.
Investors looking for stocks in the Insurance - Multi line sector might want to consider either American International Group (AIG - Free Report) or Axa Sa (AXAHY - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, both American International Group and Axa Sa are sporting a Zacks Rank of #2 (Buy). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. But this is just one factor that value investors are interested in.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
AIG currently has a forward P/E ratio of 9.41, while AXAHY has a forward P/E of 10.35. We also note that AIG has a PEG ratio of 0.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AXAHY currently has a PEG ratio of 9.76.
Another notable valuation metric for AIG is its P/B ratio of 0.99. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, AXAHY has a P/B of 1.95.
These are just a few of the metrics contributing to AIG's Value grade of A and AXAHY's Value grade of C.
Both AIG and AXAHY are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that AIG is the superior value option right now.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in New York, American International Group (AIG - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -13.48%. The insurer is currently shelling out a dividend of $0.50 per share, with a dividend yield of 2.7%. This compares to the Insurance - Multi line industry's yield of 1.65% and the S&P 500's yield of 1.43%.
Looking at dividend growth, the company's current annualized dividend of $2.00 is up 14.3% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, AIG expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $7.99 per share, representing a year-over-year earnings growth rate of 12.69%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AIG presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Pacific Prime Dubai, a leading health insurance and employee benefits brokerage, was presented with the Rising Force Award by AIG on June 9, 2026, in acknowledgement of the outstanding performance and impactful value that Pacific Prime continues to bring to its property and casualty insurance partners in the Middle Eastern market.
AIG’s Chief Distribution & Digital Officer, Sunil Bambral, presented the award to Pacific Prime Dubai’s Regional CEO, David Hayes, and Director of General Insurance, Sidharth Mohanty, during the award ceremony hosted at Pacific Prime’s administrative office in Dubai, UAE.
Other distinguished members from AIG were also in attendance, including Alexandros Nezeritis, Head of Operations and Strategic Initiatives, GCC & North Africa; Lyayla Al Azkhari, Business Development Manager; Rohan Srivastava, Senior Casualty Underwriter, and last but not least, Aneta Beliajeva, Head of Marketing & Communications, GCC & North Africa.
The award represents a major milestone, marking the third consecutive award presented by AIG, and securing Pacific Prime’s position as the only insurance broker in the UAE to receive similar awards across three consecutive years.
This distinction also reaffirms Pacific Prime’s commitment towards customizable property and casualty insurance solutions, and in fostering robust strategic partnerships with leading insurers, to deliver unbiased advice and the best coverage options for businesses worldwide.
Representing Pacific Prime, David Hayes, Regional CEO of Pacific Prime Dubai, gave the following statement of gratitude: “We’re honored to receive the Rising Force Award this year, and I am delighted to accept this award on behalf of everyone in our team. This award serves as a testament to the excellence we strive to achieve. Our partnership with AIG is greatly valued, and we expect more opportunities of success in our shared goals moving forward.”
About AIG
As a subsidiary of the American International Group (AIG), a leading global insurance organization with over 100 years of experience, AIG UAE draws on local experience in UAE and fully utilizes AIG's international presence around the world to serve over 90 million customers in over 80 countries and jurisdictions.
To learn more about AIG, please visit: https://www.aig.ae/home
About Pacific Prime
Established in 2000, Pacific Prime is an award-winning global insurance brokerage and employee benefits specialist that offers individual and corporate insurance solutions. With over USD $1 billion premium under management, Pacific Prime is the third-largest employee benefits broker in the Asia Pacific. The brokerage has over 1,000 employees and 15 offices worldwide, including Hong Kong, Singapore, China, Thailand, Malaysia, the UAE, Indonesia, the UK, the US, Mexico, the Philippines, and Australia.
To learn more about Pacific Prime, please visit: https://www.pacificprime.com/corporate
American International Group delivered a strong Q1, with EPS of $2.11, up 80% year-over-year and beating estimates by $0.23. Fears of margin compression are exaggerated; AIG's accident year combined ratio improved to 86.6%, and cost efficiencies are driving further profitability. AIG's balance sheet remains robust, supporting an 11% dividend increase, a 2.7% yield, and active share buybacks reducing share count by 9.5% year-over-year.
An AIG logo is attached to the building, in London, Britain, January 15, 2026. REUTERS/Maja Smiejkowska/File Photo Purchase Licensing Rights, opens new tab
CompaniesMay 1 (Reuters) - AIG (AIG.N), opens new tab has pared back its private credit activity amid current market conditions, the insurer's finance chief said on Friday, helping reassure investors and pushing its shares up about 5% in early trading.
Elevated default rates have put big asset managers under sharper scrutiny over their liquidity, as redemptions pick up across the industry. Investors have also grown wary of the private credit market's rapid expansion and its lack of transparency.
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Several alternative asset managers who have a strong footing in such credit markets have seen their shares take the hit in the early months of 2026.
"We've slowed our deployment in this asset class, given market conditions," CFO Keith Walsh said on a post earnings call with analysts.
The insurer posted a sharp rise in quarterly adjusted profit on Thursday, driven by strong underwriting and a steep decline in catastrophe-related losses from a year earlier when the industry was hit by claims from the Los Angeles wildfires.
Walsh also added that AIG holds all direct lending on its balance sheet and through business development companies. BDCs are publicly traded lenders to private companies and a key part of the private credit market. They offer investors higher yields, but with greater credit and liquidity risk.
Investor concerns center on whether reported net asset values fully reflect strains in parts of the private credit market. Unlike publicly traded assets, BDC portfolios are valued using fair-value estimates and internal models that can lag shifts in credit conditions, fuelling scepticism that NAVs may overstate the true value of underlying holdings.
"Our direct lending exposure is about $1.2 billion, less than 1.5% of the general insurance investment portfolio. It is a diversified portfolio of middle market loans with an average loan size of about $6 million," Walsh said.
The reassurance of the portfolio and (non)deployment decision helps the under-pressure stock of the insurer, which has seen a year-to-date decline of nearly 13%.
AIG has underperformed most of its peers so far in 2026SOFTWARE HOLDINGS AT MINIMUM"The software exposure is approximately $130 million, or just 16 basis points of the general insurance portfolio," Walsh said on the call.
Worries have also mounted over exposure to software‑heavy sectors and the risk of disruption from artificial intelligence, leading to closer scrutiny of valuation practices.
That has raised the risk that loans to small- and mid-sized companies could come under pressure.
Insurer Metlife's (MET.N), opens new tab CEO Michel Khalaf told the Semafor World Economy Summit in Washington last month that there may be some cracks in the private credit sector but not a sign that it's a bubble about to burst.
Reporting by Pritam Biswas in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles., opens new tab
American International Group, Inc. (AIG - Free Report) reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90 per share. The bottom line surged 80.3% year over year.
Adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%.
The strong quarterly results were driven by improved underwriting results in the North America Commercial and Global Personal segments, supported by lower catastrophe losses and reduced total losses and expenses. However, the upside was partly offset by lower investment income.
American International Group, Inc. Price, Consensus and EPS Surprise
American International Group, Inc. price-consensus-eps-surprise-chart | American International Group, Inc. Quote
AIG’s Q1 Operational UpdateNet premiums written totaled $5.6 billion, reflecting 24% year-over-year growth, driven by 21% growth in Global Commercial and 11% growth in Global Personal.
Total net investment income declined 36% year over year to $712 million, which missed the consensus mark by 29.7%. The decrease was primarily due to changes in the fair value of its investments in Corebridge and equity securities, partly offset by higher income from available-for-sale fixed maturity securities. AIG holds a 5.6% stake in Corebridge.
Total benefits, losses and expenses amounted to $5.7 billion, down 2.7% year over year, mainly due to lower losses and loss adjustment expenses incurred.
Adjusted return on equity improved 450 basis points year over year to 10.9%, reflecting enhanced profitability and capital efficiency.
Underwriting income for the General Insurance segment rose to $774 million, reflecting a more than threefold increase over the previous year. This result significantly outperformed the Zacks Consensus Estimate by 33.9%. The segment’s combined ratio improved 850 basis points to 87.3%, reflecting significantly stronger underwriting performance compared with the prior-year quarter.
Segmental Performances of AIGGeneral Insurance – North America CommercialThe segment’s net premiums written increased 37% year over year to $1.6 billion in the first quarter. The uptick was driven by a combination of organic growth in high-priority areas, key renewals from the Everest Group partnership, and optimized reinsurance program changes.
Underwriting income surged 153% year over year to $327 million. This increase was mainly driven by lower catastrophe-related losses and higher favorable prior-year development. The combined ratio improved 840 basis points to 85.5%, reflecting significantly stronger underwriting performance year over year.
General Insurance – International CommercialThe segment reported net premiums written of $2.5 billion, up 21% year over year. The growth was mainly due to the Convex Group quota share, Everest renewals, and changes in reinsurance programs.
Underwriting income increased 16% year over year to $278 million in the quarter and beat the Zacks Consensus Estimate by 2.2%. The combined ratio improved 90 basis points to 87.3%. This was mainly due to lower catastrophe losses, reduced operating expenses, and favorable prior-year reserve development. This was partly offset by prior-year premiums.
General Insurance – Global PersonalNet premiums written totaled $1.5 billion, which improved 17% year over year. The increase was mainly driven by reinsurance program changes and growth in the U.S. High Net Worth and Accident and Health businesses.
Underwriting income rose to $169 million compared to a loss of $126 million last year. The combined ratio improved 1,850 basis points to 89.4%. This was driven by favorable prior-year reserve development and reduced catastrophe losses.
Other OperationsNet investment income and other fell 51% year over year to $54 million. This was mainly due to lower parent liquidity and reduced dividends from Corebridge, reflecting a smaller ownership stake. Interest expense rose 10% to $100 million, caused by new debt issued in 2025, partly offset by interest savings from debt repurchases.
Adjusted pre-tax loss widened 89% year over year to $125 million.
Financial Position of AIG (As of March 31, 2026)AIG ended the first quarter with a cash balance of $1.5 billion compared with $1.3 billion at the end of 2025. Total assets were $161.5 billion, slightly higher than $161.3 billion at the end of 2025.
Long-term debt totaled $9 billion in the first quarter of 2026, which remained unchanged from year-end 2025. Total shareholders’ equity fell to $40.4 billion from $41.2 billion at year-end 2025.
Adjusted book value per share improved to $78.55 from $74.45 in the prior-year quarter.
AIG’s Capital Deployment UpdateAIG returned capital to its shareholders through approximately $519 million in share repurchases and $241 million in dividends during the first quarter of 2026.
The company announced a cash dividend of 50 cents per common share, representing an 11% increase over the previous quarterly payout.
American International’s Zacks RankAIG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other InsurersCompanies belonging to the broader Finance space, such as Arch Capital Group Ltd. (ACGL - Free Report) , AXIS Capital Holdings Limited (AXS - Free Report) and Selective Insurance Group (SIGI - Free Report) , have also posted their quarterly results. Here’s how they have performed:
Arch Capital reported first-quarter 2026 operating income of $2.50 per share, which beat the Zacks Consensus Estimate by 2.4%. The bottom line increased 15.4% year over year.
ACGL’s operating revenues of $4.3 billion decreased 3.8% year over year due to lower net premiums earned. Revenues missed the Zacks Consensus Estimate by 6.1%. Net premiums earned declined 4.8% to $3.9 billion, due to lower premiums earned in its Reinsurance segment. The figure missed the Zacks Consensus Estimate by 6%.
AXIS Capital reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year.
Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. AXS’s quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses.
Selective Insurance reported first-quarter 2026 operating income of $1.69 per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 11% year over year.
SIGI’s operating revenues of $1.4 billion increased 6.4% from the year-ago quarter’s level, driven primarily by higher net premiums earned and net investment income. However, the top line missed the Zacks Consensus Estimate by 0.5%. Net premiums written decreased 1% to $1.3 billion. The figure matched our estimate.
At midday, the S&P 500 (^GSPC +0.50%) rose 0.64% to 7,254.82, the Nasdaq Composite (^IXIC +0.31%) gained 1.07% to 25,163.49, and the Dow Jones Industrial Average (^DJI +0.70%) added 0.04% to 49,668.01 as indexes extended April’s record‑setting momentum.
Market moversApple (AAPL 1.52%) jumped after topping Q2 estimates and issuing upbeat commentary, powering fresh highs for tech benchmarks. Moderna (MRNA +0.54%) slipped on mixed earnings, while AIG (AIG +0.56%) gained after beating analyst expectations. Gaming platform Roblox (RBLX 0.41%) tumbled 17% on a revenue miss. It slashed its full-year forecast as child-protection safeguards impact its user numbers.
What this means for investorsMarkets continued to rise this morning, largely driven by resilience in tech stocks. April was the best month for the S&P 500 and Nasdaq since 2020, as strong earnings and optimism about artificial intelligence (AI) outweighed concerns about elevated oil prices and the conflict in Iran.
However, several commentators are sounding the alarm. Last week, the Bank of England deputy governor said markets were overly complacent about current risk levels. Today, Moody's top economist, Mark Zandi, said valuations could be diverging from economic reality.
As oil prices continue to rise due to ongoing restrictions in the Strait of Hormuz, investors are trying to evaluate the degree to which the disruption is bleeding into the wider economy. In that context, yesterday’s news that U.S. GDP had grown by 2.0% signalled expansion despite inflationary and conflict pressures. Consumer spending slowed, but remained solid. Investors can expect further sector-specific volatility and uncertainty as market rallies continue to defy commentators’ caution.
Emma Newbery has positions in Apple. The Motley Fool has positions in and recommends Apple, Moderna, and Roblox. The Motley Fool has a disclosure policy.
American International Group Inc (AIG) Q1 2026 Earnings Call Highlights: Strong Growth and Strategic Advancements AIG reports robust premium growth and significant improvements in financial metrics, driven by AI integration and strategic initiatives.
Net Premiums Written: Increased 18% year-over-year on a constant dollar basis.Global Commercial Insurance Growth: Increased 21% year-over-year.Global Personal Insurance Growth: Increased 11% year-over-year.Expense Ratio: Improved to 29.3%, a decrease of 120 basis points year-over-year.Accident Year Combined Ratio (Adjusted): Improved to 86.6%, a 120 basis point improvement year-over-year.Calendar Year Combined Ratio: Improved to 87.3%, an 850 basis point improvement year-over-year.Adjusted After-Tax Income per Diluted Share: $2.11, an increase of 80% year-over-year.Core Operating ROE: 12.2%.Capital Returned to Shareholders: $760 million, including $519 million in share repurchases and $241 million in dividends.Quarterly Dividend Increase: 11% increase to $0.50 per share starting in Q2 2026.Total Debt to Total Adjusted Capital Ratio: 17.7% at quarter end.Adjusted Pretax Income: $1.5 billion, a 65% increase from the prior year quarter.Underwriting Income: More than tripled to $774 million year-over-year.General Insurance Gross Premiums Written: $10 billion, a 7% increase year-over-year.Net Premiums Earned: $6.1 billion, up 5% year-over-year.Catastrophe Losses: Approximately $180 million for the quarter.Favorable Prior Year Development: $132 million net of reinsurance and prior year premium.General Insurance Net Investment Income: $864 million, up 17% year-over-year.Annualized Yield: 4.61%, a 51 basis point improvement over the prior year quarter.Book Value per Share: $75.82, up 6% from the prior year quarter.Adjusted Tangible Book Value per Share: $70.85, up 4% from the prior year quarter.Release Date: May 01, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points American International Group Inc AIG reported an 18% year-over-year increase in General Insurance net premiums written, driven by strong growth in both Global Commercial and Global Personal Insurance businesses.The company achieved an adjusted after-tax income per diluted share of $2.11, marking an 80% increase year-over-year.AIG's expense ratio improved by 120 basis points year-over-year to 29.3%, reflecting increased operating leverage and expense discipline.The company returned $760 million of capital to shareholders during the quarter, including $519 million in share repurchases and $241 million in dividends.AIG's AI and digital strategies have shown promising results, with AI implementation in underwriting leading to a 30% improvement in quoting more submissions and a 40% increase in binding submissions. Negative Points The ongoing conflict in the Middle East poses a risk to AIG's operations, although the direct impact has not been material so far.The US property market remains highly competitive, with pricing pressure affecting the Lexington large account shared and layered business.AIG's International Commercial accident year combined ratio as adjusted showed only a modest improvement of 30 basis points.The company's private equity returns were below long-term expectations, yielding only 1.6% in the quarter.AIG's direct lending exposure, although diversified, remains a concern given the current market conditions, with a total exposure of $1.2 billion. Q & A Highlights Q: How does the adoption of AI by leading carriers and brokers impact what carriers pay to brokers?
A: Peter Zaffino, CEO, explained that AI will enhance efficiency in data exchange and underwriting decisions. Brokers provide significant advisory services, and AI will augment information processing, benefiting both underwriters and brokers. The collaboration between large insurance companies and brokers will strengthen with AI advancements.
Q: What is the impact of pricing on the Everest business, and how is AIG's current pricing affecting gross premium volumes from Everest?
A: Peter Zaffino noted that AIG has been closely working with Everest on portfolio conversion, bringing in employees from Everest to AIG. The conversion has been successful, with strong broker and client support. Jon Hancock added that the retention and conversion rates are strong, and the portfolio is performing as expected, with strategic repricing and restructuring where necessary.
Q: What are your thoughts on the competitive environment in the E&S property and casualty markets, and how might it affect AIG's growth and margins?
A: Peter Zaffino highlighted that the E&S property market is competitive, leading to potential portfolio contraction. However, the middle market property segment is performing well, with significant submission opportunities. AI implementation will help manage submission flow and identify growth opportunities. The casualty market is under pressure, but returns remain favorable.
Q: How do you plan to deploy AIG's excess capital, and what are your thoughts on M&A and increasing operating leverage?
A: Eric Andersen, CEO-Elect, emphasized focusing on organic growth, executing recent transactions, and evolving offerings to meet client needs. Peter Zaffino added that AIG's strong capital position provides optionality for strategic opportunities, and the company aims to maintain flexibility to capitalize on market complexities.
Q: How do you envision AI integration impacting AIG's global underwriting capabilities in the future?
A: Peter Zaffino stated that AI will significantly enhance global capabilities in underwriting and other functions over the next five years. The integration of AI will improve decision-making and efficiency, with large companies benefiting from size and scale. However, regional differences, such as data regulations in Europe, will influence AI deployment.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
American International Group (AIG - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of -7.93% since the start of the year. The insurer is paying out a dividend of $0.45 per share at the moment, with a dividend yield of 2.29% compared to the Insurance - Multi line industry's yield of 1.82% and the S&P 500's yield of 1.39%.
Looking at dividend growth, the company's current annualized dividend of $1.80 is up 2.9% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, AIG expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $7.75 per share, representing a year-over-year earnings growth rate of 9.31%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AIG is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Diamond Hill Capital's Strategic Moves: A Closer Look at Microsoft Corp's 399.84% Increase Insightful Analysis of Diamond Hill Capital (Trades, Portfolio)'s First Quarter 2026 13F Filing Diamond Hill Capital (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2026, offering a glimpse into its strategic investment decisions. Founded in 2000, Diamond Hill Capital (Trades, Portfolio) Management, Inc. is a registered investment adviser headquartered in Columbus, Ohio. The firm is independent and publicly traded on NASDAQ under the ticker symbol DHIL, and is part of the Russell 2000 Index. Diamond Hill manages a diverse range of equity strategies, including traditional and alternative options, available through various investment vehicles such as separately managed accounts, mutual funds, and private investment funds. The firm serves a wide array of clients, including institutions, financial intermediaries, and individuals. Diamond Hill's investment approach is primarily bottom-up, focusing on fundamental analysis of a company's profitability, market position, and management quality, among other factors. The firm also considers industry dynamics and regulatory environments in its top-down analysis, eschewing macroeconomic factors. This comprehensive approach helps narrow down investable ideas for deeper analysis and financial modeling.
Key Position Increases Diamond Hill Capital (Trades, Portfolio) also increased stakes in a total of 51 stocks, among them:
The most notable increase was in Microsoft Corp MSFT , with an additional 818,912 shares, bringing the total to 1,023,723 shares. This adjustment represents a significant 399.84% increase in share count, a 1.9% impact on the current portfolio, and a total value of $378,951,540. The second largest increase was in Equitable Holdings Inc EQH , with an additional 2,897,402 shares, bringing the total to 7,192,046. This adjustment represents a significant 67.47% increase in share count, with a total value of $266,896,830. Summary of Sold Out Diamond Hill Capital (Trades, Portfolio) completely exited 16 holdings in the first quarter of 2026, as detailed below:
International Paper Co IP : Diamond Hill Capital (Trades, Portfolio) sold all 5,453,523 shares, resulting in a -1.1% impact on the portfolio. Progress Software Corp PRGS : Diamond Hill Capital (Trades, Portfolio) liquidated all 495,346 shares, causing a -0.11% impact on the portfolio. Key Position Reduces Diamond Hill Capital (Trades, Portfolio) also reduced positions in 115 stocks. The most significant changes include:
Reduced Texas Instruments Inc TXN by 1,178,209 shares, resulting in a -36.54% decrease in shares and a -1.05% impact on the portfolio. The stock traded at an average price of $202.46 during the quarter and has returned 29.46% over the past 3 months and 66.32% year-to-date. Reduced American International Group Inc AIG by 2,240,801 shares, resulting in a -20.71% reduction in shares and a -0.98% impact on the portfolio. The stock traded at an average price of $76.5 during the quarter and has returned 0.18% over the past 3 months and -10.16% year-to-date. Portfolio Overview At the end of the first quarter of 2026, Diamond Hill Capital (Trades, Portfolio)'s portfolio included 187 stocks. The top holdings included 4.04% in American International Group Inc (AIG), 3.81% in Berkshire Hathaway Inc BRK.B , 3.45% in Abbott Laboratories ABT , 3% in Aon PLC AON , and 2.88% in Colgate-Palmolive Co CL .
The holdings are mainly concentrated in all 11 industries: Financial Services, Industrials, Healthcare, Technology, Consumer Defensive, Energy, Consumer Cyclical, Real Estate, Communication Services, Basic Materials, and Utilities.
Also check out:
Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks, and Stocks that Diamond Hill Capital keeps buyingThis stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Thomas (Tom) Stoddard has been elected to its Board of Directors as an independent Director, effective June 1, 2026. With more than 35 years of senior leadership experience in the financial services sector across insurance, asset management and investment banking, Mr. Stoddard is a former Vice Chairman of Global Investment Banking at Bank of America.
Peter Zaffino, Chairman & Chief Executive Officer, AIG, said, “Tom’s deep expertise in property and casualty insurance and capital markets, together with his longstanding knowledge of AIG will be a very strong asset to our Board as we continue executing AIG’s strategic priorities and building on AIG’s momentum for the long term.”
Prior to Bank of America, Mr. Stoddard served as Group Chief Financial Officer of Aviva plc, a British multinational insurance company. He subsequently held the role of Group Chief Financial Officer at Athora Ltd., a European life insurance company founded by Apollo Global Management. Previously, Mr. Stoddard worked on deals and financing transactions at firms including Blackstone, where he was Senior Managing Director and Head of the Global Financial Institutions Group, and advised AIG among other global financial institutions.
“Tom is a highly accomplished finance executive whose extensive background across financial services and the global insurance industry make him an excellent addition to the AIG Board of Directors,” said John Rice, Lead Independent Director, AIG. “We look forward to leveraging his deep expertise in corporate governance and across the financial sector as we support AIG’s focus on delivering sustainable, long-term value for shareholders."
Mr. Stoddard added: “Having worked very closely with AIG in the past, I am deeply honored to join the AIG Board of Directors and eager to contribute to the company’s continued success. The impressive work that led to AIG’s incredible transformation and the company’s positioning as a global market leader with a strong track record of outstanding performance is a compelling vision for the future that I look forward to supporting.”
Earlier in his career, Mr. Stoddard co-founded and served as managing partner at Barrett Ellman Stoddard Capital Partners, a private equity investment and advisory firm, and spent more than a decade in investment banking covering financial institutions at UBS, Credit Suisse and Donaldson, Lufkin & Jenrette. He began his career as a corporate lawyer with Cravath, Swaine & Moore.
Mr. Stoddard serves on the Board of Directors of Prudential Financial, Inc. He holds a bachelor’s degree in economics from Swarthmore College, where he was a McCabe Scholar, and a JD from the University of Chicago Law School.
About AIG
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: American International Group (AIG - Free Report) American International Group is a leading global insurance organization. Building on its long history, it provides a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions.
AIG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.52; value investors should take notice.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.14 to $7.95 per share. AIG boasts an average earnings surprise of +15.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AIG should be on investors' short list.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in New York, American International Group (AIG - Free Report) is a Finance stock that has seen a price change of -9.37% so far this year. Currently paying a dividend of $0.45 per share, the company has a dividend yield of 2.32%. In comparison, the Insurance - Multi line industry's yield is 1.68%, while the S&P 500's yield is 1.45%.
Looking at dividend growth, the company's current annualized dividend of $1.80 is up 2.9% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.
AIG is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $7.95 per share, which represents a year-over-year growth rate of 12.13%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AIG is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is American International Group (AIG - Free Report) . AIG is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value.
Another valuation metric that we should highlight is AIG's P/B ratio of 1.07. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.60. Over the past year, AIG's P/B has been as high as 1.22 and as low as 0.97, with a median of 1.09.
Finally, our model also underscores that AIG has a P/CF ratio of 6.55. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 7.98. AIG's P/CF has been as high as 38.26 and as low as 6.49, with a median of 24.14, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that American International Group is likely undervalued currently. And when considering the strength of its earnings outlook, AIG sticks out as one of the market's strongest value stocks.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in New York, American International Group (AIG - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -14.16%. The insurer is currently shelling out a dividend of $0.45 per share, with a dividend yield of 2.45%. This compares to the Insurance - Multi line industry's yield of 1.46% and the S&P 500's yield of 1.44%.
Looking at dividend growth, the company's current annualized dividend of $1.80 is up 2.9% from last year. Over the last 5 years, American International Group has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.78%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American International Group's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AIG for this fiscal year. The Zacks Consensus Estimate for 2026 is $7.99 per share, with earnings expected to increase 12.69% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that AIG is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is American International Group (AIG - Free Report) . AIG is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value.
Another valuation metric that we should highlight is AIG's P/B ratio of 1.07. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.51. AIG's P/B has been as high as 1.22 and as low as 0.97, with a median of 1.09, over the past year.
Finally, investors will want to recognize that AIG has a P/CF ratio of 6.55. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 7.74. AIG's P/CF has been as high as 38.26 and as low as 6.49, with a median of 24.14, all within the past year.
These are only a few of the key metrics included in American International Group's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, AIG looks like an impressive value stock at the moment.
Key Takeaways AIG's Q1 2026 underwriting income more than tripled to $774M as the combined ratio improved.AIG exited non-core businesses and completed its Corebridge stake sale to sharpen focus.AIG returned about $760M to shareholders and raised its dividend 11% in April 2026. American International Group, Inc. (AIG - Free Report) is a leading global property and casualty insurer that provides insurance and risk-management solutions to businesses and individuals in more than 200 countries and jurisdictions.
The company is well positioned for growth, supported by strategic portfolio optimization, expense-reduction initiatives, technology investments and a strong capital position. Despite these strengths, AIG shares have lost 12.7% over the past six months, underperforming the industry's 5.9% decline.
From a valuation standpoint, AIG is trading below its own historical levels. The stock currently carries a forward 12-month P/E of 9.02X, which is below its five-year median of 10.16X. However, it remains above the industry average of 8.8X, indicating that investors still have confidence in the company's long-term growth prospects despite the recent share price decline.
Courtesy of solid prospects, AIG currently carries a Zacks Rank #2 (Buy).
Where Do Estimates for AIG Stand?The Zacks Consensus Estimate for American International’s 2026 earnings is pegged at $7.99 per share, indicating a 12.7% year-over-year rise. In the past 60 days, it has witnessed eight upward estimate revisions against none in the opposite direction.
The consensus mark for 2026 revenues is pegged at $29.16 billion, indicating a 6.2% year-over-year increase. It beat earnings estimates in each of the past four quarters, with an average surprise of 15.1%. AIG carries a Value Score of A.
American International Group, Inc. Price, Consensus and EPS SurpriseAIG’s Growth DriversDespite the recent decline in its share price, AIG has continued to deliver improvements across its core business. Below are the key factors supporting its ongoing turnaround.
The turnaround is being fueled by stronger underwriting results. In the first quarter of 2026, General Insurance underwriting income more than tripled year over year to $774 million, while the combined ratio improved 850 basis points to 87.3%. Net premiums written increased 24%, driven by growth across commercial and personal insurance businesses. Lower catastrophe losses and disciplined underwriting continue to support profitability.
Over the past few years, management has simplified the business and sharpened its focus on property and casualty insurance. The insurer exited several non-core operations, including Crop Risk Services. Validus Re and its travel insurance business. It also completed its exit from the life and retirement business through the sale of its remaining stake in Corebridge. These moves are reducing complexity, improving liquidity and freeing up capital for higher-return opportunities.
Ongoing cost-control efforts are helping improve operating efficiency. The General Insurance expense ratio improved 120 basis points year over year to 29.3% in the first quarter of 2026, keeping the insurer on track to achieve its target of reducing the ratio below 30% by 2027. The AIG Next program has generated annual run-rate savings of $500 million, supporting margin expansion.
Solid cash generation continues to support both growth initiatives and shareholder returns. During the first quarter of 2026, approximately $760 million was returned to shareholders through dividends and share repurchases. In April 2026, the quarterly dividend was raised by 11%, marking the fourth consecutive year of double-digit dividend growth and reinforcing management's commitment to disciplined capital allocation.
Risks for AIG StockWhile the company's fundamentals are improving, investors should keep an eye on a few risks.
AIG remains exposed to large catastrophe events that could pressure future earnings. Significant weather-related claims may increase earnings volatility and weigh on underwriting profitability. The company also ended the first quarter of 2026 with $9 billion in long-term debt, significantly higher than its cash balance of $1.5 billion. Adjusted ROE of 10.9% remained below the industry average of 16.2%, suggesting there is still room for improvement in capital efficiency.
Other Key PicksSome other top-ranked stocks in the broader Finance space are First American Financial Corporation (FAF - Free Report) , The Hanover Insurance Group, Inc. (THG - Free Report) and United Fire Group, Inc. (UFCS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for First American’s 2026 earnings is pegged at $6.81 per share, indicating 12.6% year-over-year growth. FAF beat earnings estimates in each of the trailing four quarters, with the average surprise being 22%. The consensus estimate for 2026 revenues is pinned at $8.03 billion, implying 7.8% year-over-year growth.
The Zacks Consensus Estimate for The Hanover Insurance’s 2026 earnings is pegged at $18.36 per share, which has witnessed one upward revision in the past 30 days, with no movement in the opposite direction. THG beat earnings estimates in each of the trailing four quarters, with the average surprise being 28.5%. The consensus estimate for 2026 revenues is pinned at $6.95 billion, implying 4.7% year-over-year growth.
The Zacks Consensus Estimate for United Fire’s 2026 earnings is pegged at $4.69 per share, indicating 2% year-over-year growth. UFCS beat earnings estimates in each of the trailing four quarters, with the average surprise being 68.8%. The consensus estimate for 2026 revenues is pinned at $1.53 billion, implying 10.5% year-over-year growth.
