AMERICAN INTERNATIONAL GROUP, INC. (AIG) financial statements: income statement, balance sheet and cash flow

AMERICAN INTERNATIONAL GROUP, INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), AMERICAN INTERNATIONAL GROUP, INC. reported revenue of $26.8B (-1.7% year on year) and net income of $3.1B (+434.4% year on year).

Income statement

AMERICAN INTERNATIONAL GROUP, INC. income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Premiums$23.8B$23.5B$33.3B$31.9B
Total net investment income$4.2B$4.3B$14.6B$11.8B
Total net realized losses($1.2B)($548.0M)($4.6B)$9.0B
Other income$11.0M$7.0M$767.0M$850.0M
Total revenues$26.8B$27.3B$46.8B$56.4B
Losses and loss adjustment expenses incurred$14.2B$14.6B$24.8B$22.8B
Amortization of deferred policy acquisition costs$3.4B$3.4B$4.8B$5.0B
General operating and other expenses$5.1B$5.5B$8.5B$9.2B
Interest expense$396.0M$462.0M$1.1B$1.1B
(Gain) loss on extinguishment of debt($5.0M)$14.0M($37.0M)$303.0M
Net (gain) loss on divestitures and other($81.0M)($616.0M)($643.0M)$82.0M
Total benefits, losses and expenses$22.9B$23.4B$42.9B$42.2B
Income from continuing operations before income tax expense$3.9B$3.9B$3.9B$14.3B
Current$905.0M$657.0M$491.0M$517.0M
Deferred($123.0M)$513.0M($511.0M)$2.5B
Income tax expense$782.0M$1.2B($20.0M)$3.0B
Income from continuing operations$3.1B$2.7B$3.9B$11.3B
Income (loss) from discontinued operations, net of income taxes$0($3.6B)$0($1.0M)
Net income (loss)$3.1B($926.0M)$3.9B$11.3B
Less: Net income attributable to noncontrolling interests$1.0M$478.0M——
Net income (loss) attributable to AIG$3.1B($1.4B)$3.6B$10.3B
Less: Dividends on preferred stock and preferred stock redemption premiums$0$22.0M——
Net income (loss) attributable to AIG common shareholders$3.1B($1.4B)$3.6B$10.2B
Income from continuing operations (in dollars per share)$5.48$4.11$5.02$13.16
Net income (loss) attributable to AIG common shareholders (in dollars per share)$5.48-$2.19$5.02$13.16
Income from continuing operations (in dollars per share)$5.43$4.07$4.98$13.01
Loss from discontinued operations (in dollars per share)$0.00-$6.30$0.00$0.00
Net income (loss) attributable to AIG common shareholders (in dollars per share)$5.43-$2.17$4.98$13.01
Basic (in shares)565.1M651.4M719.5M778.6M
Diluted (in shares)570.3M657.3M725.2M787.9M
AMERICAN INTERNATIONAL GROUP, INC. income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Premiums$6.2B$6.1B$6.1B$5.9B
Total net investment income$1.1B$712.0M$772.0M$1.5B
Total net realized losses($265.0M)($135.0M)($490.0M)($258.0M)
Other income$2.0M$1.0M—$6.0M
Total revenues$7.1B$6.7B$6.4B$7.1B
Losses and loss adjustment expenses incurred$3.6B$3.5B$3.4B$3.5B
Amortization of deferred policy acquisition costs$900.0M$824.0M$850.0M$847.0M
General operating and other expenses$1.2B$1.1B$1.3B$1.2B
Interest expense$100.0M$100.0M$99.0M$100.0M
(Gain) loss on extinguishment of debt$0—$0($5.0M)
Net (gain) loss on divestitures and other$6.0M$127.0M$0($50.0M)
Total benefits, losses and expenses$5.8B$5.7B$5.6B$5.5B
Income before income tax expense$1.3B$987.0M$714.0M$1.5B
Income tax expense$316.0M$224.0M$190.0M$400.0M
Net loss$948.0M$763.0M$524.0M$1.1B
Less: Net income (loss) attributable to noncontrolling interests$0$0$5.0M$0
Net income attributable to AIG common shareholders$948.0M$763.0M$519.0M$1.1B
Basic (in dollars per share)$1.79$1.42$0.94$2.00
Diluted (in dollars per share)$1.78$1.41$0.93$1.98
Basic (in shares)529.5M538.1M553.3M572.8M
Diluted (in shares)533.6M542.2M558.5M577.9M

Balance sheet

AMERICAN INTERNATIONAL GROUP, INC. balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Bonds available for sale, at fair value, net of allowance for credit losses of $37 in 2025 and $38 in 2024 (amortized cost: 2025 - $71,772; 2024 - $66,195)$71.0B$64.0B$231.7B$226.2B
Other bond securities, at fair value$741.0M$745.0M$5.2B$4.5B
Equity securities, at fair value$502.0M$704.0M$728.0M$575.0M
Mortgage and other loans receivable, net of allowance for credit losses of $37,747 in 2025 and $37,800 in 2024$2.9B$3.9B$51.6B$49.6B
Other invested assets (portion measured at fair value: 2025 - $5,011; 2024 - $7,384)$6.7B$9.8B$16.2B$16.0B
Short-term investments, including restricted cash of $55 in 2025 and $55 in 2024 (portion measured at fair value: 2025 - $5,909; 2024 - $9,789)$11.1B$14.5B$17.2B$12.4B
Total investments$93.0B$93.6B$322.7B$309.1B
Cash$1.3B$1.3B$2.2B$2.0B
Accrued investment income$691.0M$599.0M$2.6B$2.4B
Premiums and other receivables, net of allowance for credit losses and disputes of $131 in 2025 and $127 in 2024$10.4B$10.5B$10.6B$13.2B
Reinsurance assets, net of allowance for credit losses and disputes$38.0B$38.0B$67.5B$71.6B
Deferred income tax assets$5.1B$5.0B$14.4B$15.1B
Deferred policy acquisition costs$2.1B$2.1B$12.1B$15.5B
Goodwill$3.4B$3.4B——
Deposit accounting assets, net of allowance for credit losses of $49 in 2025 and $49 in 2024$2.4B$2.2B——
Other assets, including restricted cash of $16 in 2025 and $15 in 2024 (portion measured at fair value: 2025 - $135; 2024 - $179)$4.8B$4.7B$13.1B$12.7B
Total assets$161.3B$161.3B$539.3B$526.6B
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2025 and $14 in 2024$70.7B$69.2B$70.4B$75.2B
Unearned premiums$18.0B$17.2B$17.4B$18.3B
Future policy benefits$1.4B$1.3B$58.6B$59.2B
Other policyholder funds$352.0M$418.0M$3.4B$3.9B
Fortitude Re funds withheld payable (portion measured at fair value: 2025 - $(92); 2024 - $(128))$3.0B$3.2B$29.5B$30.4B
Premiums and other related payables$5.4B$6.1B——
Deposit accounting liabilities$3.3B$3.0B——
Commissions and premium taxes payable$1.6B$1.5B——
Current and deferred income tax liabilities$661.0M$426.0M——
Other liabilities (portion measured at fair value: 2025 - $162; 2024 - $251)$6.5B$7.5B$26.0B$26.5B
Long-term debt$9.2B$8.9B——
Total liabilities$120.1B$118.8B$488.0B$484.4B
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2025 - 1,906,671,492 and 2024 - 1,906,671,4924.8B4.8B——
Treasury stock, at cost; 2025 - 1,368,489,324 shares; 2024 - 1,300,512,040 shares of common stock-71.2B-65.6B-59.2B—
Additional paid-in capital$75.4B$75.3B$75.8B$80.3B
Retained earnings$37.2B$35.1B$37.5B$33.0B
Accumulated other comprehensive loss($5.0B)($7.1B)($14.0B)($22.1B)
Total AIG shareholders’ equity$41.1B$42.5B$45.4B$40.0B
Non-redeemable noncontrolling interests$23.0M$29.0M$6.0B$2.2B
Total equity$41.2B$42.5B$51.3B$42.2B
Total liabilities and equity$161.3B$161.3B$539.3B$526.6B
AMERICAN INTERNATIONAL GROUP, INC. balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Bonds available for sale, at fair value, net of allowance for credit losses of $35 in 2026 and $37 in 2025 (amortized cost: 2026 - $72,710; 2025 - $71,772)$71.5B$70.5B$71.2B$68.9B
Other bond securities, at fair value$667.0M$677.0M$743.0M$722.0M
Equity securities, at fair value$1.0B$1.6B$829.0M$775.0M
Mortgage and other loans receivable, net of allowance for credit losses of $37,714 in 2026 and $37,747 in 2025$2.6B$2.8B$3.3B$3.5B
Other invested assets (portion measured at fair value: 2026 - $3,120; 2025 - $5,011)$6.8B$7.0B$8.4B$10.0B
Short-term investments, including restricted cash of $58 in 2026 and $55 in 2025 (portion measured at fair value: 2026 - $5,213; 2025 - $5,909)$9.1B$8.2B$9.4B$10.1B
Total investments$91.7B$90.8B$93.8B$94.0B
Cash$1.5B$1.5B$1.6B$1.8B
Accrued investment income$719.0M$680.0M$670.0M$670.0M
Premiums and other receivables, net of allowance for credit losses and disputes of $134 in 2026 and $131 in 2025$12.8B$11.6B$11.3B$13.0B
Reinsurance assets, net of allowance for credit losses and disputes$38.8B$38.9B$38.8B$39.2B
Deferred income tax assets$4.9B$5.1B$4.6B$4.7B
Deferred policy acquisition costs$2.2B$2.1B$2.1B$2.2B
Goodwill$3.4B$3.4B$3.4B$3.5B
Deposit accounting assets, net of allowance for credit losses of $49 in 2026 and $49 in 2025$2.5B$2.7B$2.5B$2.5B
Other assets, including restricted cash of $17 in 2026 and $16 in 2025 (portion measured at fair value: 2026 - $3; 2025 - $135)$5.0B$4.7B$4.6B$4.6B
Total assets$163.5B$161.5B$163.4B$166.0B
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2026 and $14 in 2025$69.9B$70.0B$69.9B$69.8B
Unearned premiums$20.0B$18.9B$19.6B$20.0B
Future policy benefits$1.3B$1.3B$1.4B$1.4B
Other policyholder funds$321.0M$334.0M$381.0M$402.0M
Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $(75); 2025 - $(92))$2.9B$3.0B$3.1B$3.1B
Premiums and other related payables$7.5B$6.5B$6.2B$7.7B
Deposit accounting liabilities$3.3B$3.6B$3.3B$3.3B
Commissions and premium taxes payable$1.5B$1.5B$1.5B$1.8B
Current and deferred income tax liabilities$636.0M$652.0M$572.0M$541.0M
Other liabilities (portion measured at fair value: 2026 - $192; 2025 - $162)$6.4B$6.3B$7.1B$7.0B
Long-term debt$9.1B$9.2B$9.2B$9.3B
Total liabilities$122.8B$121.1B$122.3B$124.4B
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2026 - 1,906,671,492 and 2025 - 1,906,671,4924.8B4.8B4.8B4.8B
Treasury stock, at cost; 2026 - 1,381,952,801 shares; 2025 - 1,368,489,324 shares of common stock-72.3B-71.6B-70.7B-69.4B
Additional paid-in capital$75.3B$75.3B$75.3B$75.3B
Retained earnings$38.4B$37.7B$36.7B$36.4B
Accumulated other comprehensive loss($5.6B)($5.7B)($5.0B)($5.5B)
Total AIG shareholders’ equity$40.6B$40.4B$41.1B$41.5B
Non-redeemable noncontrolling interests$20.0M$24.0M$32.0M$28.0M
Total equity$40.6B$40.4B$41.1B$41.5B
Total liabilities and equity$163.5B$161.5B$163.4B$166.0B

Cash flow statement

AMERICAN INTERNATIONAL GROUP, INC. cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income (loss)$3.1B($926.0M)$3.9B$11.3B
(Income) loss from discontinued operations$0$3.6B$0$1.0M
Net losses on sales of securities available for sale and other assets$706.0M$637.0M$970.0M$959.0M
Net (gain) loss on divestitures and other($81.0M)($616.0M)($643.0M)$82.0M
(Gain) loss on extinguishment of debt($5.0M)$14.0M($37.0M)$303.0M
Unrealized (gains) losses in earnings - net($423.0M)($571.0M)$1.7B($1.4B)
Equity in income from equity method investments, net of dividends or distributions$0($54.0M)($7.0M)($164.0M)
Depreciation and other amortization$3.5B$3.6B$4.2B$4.8B
Impairments of assets$322.0M$27.0M$90.0M$26.0M
Insurance reserves$93.0M$341.0M$1.6B($2.3B)
Premiums and other receivables and payables - net($1.2B)($571.0M)$391.0M($10.2B)
Reinsurance assets, net$501.0M$727.0M$472.0M$2.8B
Capitalization of deferred policy acquisition costs($3.4B)($3.5B)($5.4B)($4.6B)
Current and deferred income taxes - net$452.0M$468.0M($1.0B)$2.3B
Other, net($197.0M)$197.0M$418.0M$340.0M
Total adjustments$217.0M$677.0M$2.4B($7.1B)
Net cash provided by operating activities - continuing operations$3.3B$3.4B——
Net cash used in operating activities - discontinued operations$0($104.0M)——
Net cash provided by operating activities$3.3B$3.3B$6.2B$4.2B
Available for sale securities$12.4B$14.1B$22.9B$21.7B
Other securities$546.0M$263.0M$1.3B$3.1B
Other invested assets$4.1B$6.6B$2.3B$2.9B
Divestitures, net$0$587.0M$3.3B$0
Maturities of fixed maturity securities available for sale$8.9B$9.2B$18.0B$18.5B
Principal payments received on and sales of mortgage and other loans receivable$1.3B$1.0B$7.4B$9.4B
Available for sale securities($25.4B)($23.0B)($40.5B)($38.9B)
Other securities($241.0M)($267.0M)($1.6B)($3.7B)
Other invested assets($851.0M)($557.0M)($2.2B)($2.3B)
Mortgage and other loans receivable($261.0M)($470.0M)($10.1B)($14.4B)
Net change in short-term investments$3.5B($1.5B)($6.6B)$595.0M
Other, net($821.0M)($66.0M)($1.3B)($443.0M)
Net cash provided by (used in) investing activities - continuing operations$3.2B$5.8B——
Net cash used in investing activities - discontinued operations$0($4.2B)——
Net cash provided by (used in) investing activities$3.2B$1.7B($7.0B)($3.6B)
Issuance of long-term debt$1.2B$661.0M$2.0B$7.5B
Repayments of debt($1.1B)($2.0B)($2.3B)($9.5B)
Purchase of common stock($5.8B)($6.7B)($3.0B)($5.2B)
Redemption of preferred stock$0($485.0M)——
Dividends on preferred stock and preferred stock redemption premiums$0($22.0M)——
Dividends on common stock($976.0M)($1.0B)($997.0M)($982.0M)
Other, net$129.0M$605.0M$1.7B$545.0M
Net cash used in financing activities - continuing operations($6.5B)($8.9B)——
Net cash provided by financing activities - discontinued operations$0$3.9B——
Net cash provided by (used in) financing activities($6.5B)($5.1B)$782.0M($676.0M)
Effect of exchange rate changes on cash and restricted cash$12.0M($83.0M)($13.0M)($117.0M)
AMERICAN INTERNATIONAL GROUP, INC. cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$1.7B$763.0M$2.4B$1.8B
Net losses on sales of securities available for sale and other assets$265.0M$121.0M$539.0M$453.0M
Net (gain) loss on divestitures and other$133.0M$127.0M($53.0M)($53.0M)
Gain on extinguishment of debt$0—($5.0M)($5.0M)
Unrealized (gains) losses in earnings - net$112.0M$249.0M($537.0M)($805.0M)
Equity in (income) loss from equity method investments, net of dividends or distributions($27.0M)$0($16.0M)$13.0M
Depreciation and other amortization$1.8B$849.0M$2.6B$1.7B
Insurance reserves$1.9B$553.0M$540.0M$754.0M
Premiums and other receivables and payables - net($754.0M)($282.0M)($932.0M)($813.0M)
Reinsurance assets, net($876.0M)($1.0B)($272.0M)($598.0M)
Capitalization of deferred policy acquisition costs($1.9B)($895.0M)($2.6B)($1.7B)
Current and deferred income taxes - net$247.0M$128.0M$717.0M$501.0M
Other, net($689.0M)($430.0M)$41.0M($15.0M)
Total adjustments$160.0M($608.0M)$312.0M($507.0M)
Net cash provided by operating activities$1.9B$155.0M$2.7B$1.3B
Available for sale securities$6.2B$3.8B$9.9B$7.4B
Other securities$895.0M$115.0M$128.0M$86.0M
Other invested assets$1.4B$1.2B$2.4B$1.3B
Maturities of fixed maturity securities available for sale$5.6B$2.9B$6.4B$4.1B
Principal payments received on and sales of mortgage and other loans receivable$317.0M$119.0M$880.0M$660.0M
Available for sale securities($12.9B)($7.1B)($19.9B)($13.3B)
Other securities($711.0M)($674.0M)($137.0M)($76.0M)
Other invested assets($2.5B)($2.3B)($656.0M)($718.0M)
Mortgage and other loans receivable($61.0M)($70.0M)($245.0M)($202.0M)
Net change in short-term investments$2.1B$2.9B$5.2B$4.4B
Other, net($270.0M)($67.0M)($579.0M)($414.0M)
Net cash provided by investing activities$81.0M$833.0M$3.3B$3.3B
Issuance of long-term debt$0—$1.2B$1.2B
Repayments of long-term debt($15.0M)($8.0M)($1.1B)($1.1B)
Purchase of common stock($1.2B)($508.0M)($5.3B)($4.0B)
Dividends on common stock($504.0M)($241.0M)($734.0M)($488.0M)
Other, net($47.0M)($42.0M)$90.0M$129.0M
Net cash used in financing activities($1.7B)($799.0M)($5.7B)($4.2B)
Effect of exchange rate changes on cash and restricted cash($13.0M)($6.0M)$29.0M$31.0M
Net increase in cash and restricted cash$220.0M$183.0M$222.0M$469.0M
Cash and restricted cash at beginning of year$1.3B$1.3B$1.4B$1.4B
Cash and restricted cash at end of period$1.6B$1.5B$1.6B$1.8B
Cash$1.5B$1.5B$1.6B$1.8B
Restricted cash included in Short-term investments$58.0M$57.0M$3.0M$2.0M
Restricted cash included in Other assets$17.0M$17.0M$2.0M$14.0M
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows$1.6B$1.5B$1.6B$1.8B
Interest$205.0M$67.0M$268.0M$200.0M
Taxes$293.0M$96.0M$135.0M$158.0M
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions$0$0($17.0M)($17.0M)

AMERICAN INTERNATIONAL GROUP, INC. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.