AMERICAN INTERNATIONAL GROUP, INC.
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Results of Operations
The following section provides a comparative discussion of our consolidated results of operations on a reported basis for the three and six months ended June 30, 2026 and 2025. Factors that relate primarily to a specific business are discussed in more detail within the business segment operations section.
The following table presents our consolidated results of operations and other key financial metrics:
| Three Months EndedJune 30, · Percentage · Six Months EndedJune 30, · Percentage | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions) · 2026 · 2025 · Change · 2026 · 2025 · Change | |||||||||||
| Revenues: | |||||||||||
| Premiums | $6,221 | $5,877 | 6 | % | $12,293 | $11,647 | 6 | % | |||
| Net investment income: | |||||||||||
| Net investment income - excluding Fortitude Re funds withheld assets | 1,091 | 1,427 | (24) | 1,780 | 2,492 | (29) | |||||
| Net investment income - Fortitude Re funds withheld assets | 36 | 39 | (8) | 59 | 79 | (25) | |||||
| Total net investment income | 1,127 | 1,466 | (23) | 1,839 | 2,571 | (28) | |||||
| Net realized losses: | |||||||||||
| Net realized losses - excluding Fortitude Re funds withheld assets and embedded derivative | (208) | (192) | (8) | (340) | (252) | (35) | |||||
| Net realized losses on Fortitude Re funds withheld assets | (6) | (52) | 88 | (19) | (54) | 65 | |||||
| Net realized losses on Fortitude Re funds withheld embedded derivative | (51) | (14) | (264) | (41) | (55) | 25 | |||||
| Total net realized losses | (265) | (258) | (3) | (400) | (361) | (11) | |||||
| Other income | 2 | 6 | (67) | 3 | 17 | (82) | |||||
| Total revenues | 7,085 | 7,091 | — | 13,735 | 13,874 | (1) | |||||
| Benefits, losses and expenses: | |||||||||||
| Losses and loss adjustment expenses incurred | 3,584 | 3,493 | 3 | 7,059 | 7,287 | (3) | |||||
| Amortization of deferred policy acquisition costs | 900 | 847 | 6 | 1,724 | 1,672 | 3 | |||||
| General operating and other expenses | 1,231 | 1,162 | 6 | 2,368 | 2,277 | 4 | |||||
| Interest expense | 100 | 100 | — | 200 | 192 | 4 | |||||
| (Gain) loss on extinguishment of debt | — | (5) | NM | — | (5) | NM | |||||
| Net (gain) loss on divestitures and other | 6 | (50) | NM | 133 | (53) | NM | |||||
| Total benefits, losses and expenses | 5,821 | 5,547 | 5 | 11,484 | 11,370 | 1 | |||||
| AIG | Second Quarter 2026 Form 10-Q | 45 |
|---|
| Three Months EndedJune 30, · Percentage · Six Months EndedJune 30, · Percentage | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions) · 2026 · 2025 · Change · 2026 · 2025 · Change | |||||||||||
| Income before income tax expense | 1,264 | 1,544 | (18) | 2,251 | 2,504 | (10) | |||||
| Income tax expense | 316 | 400 | (21) | 540 | 662 | (18) | |||||
| Net income | 948 | 1,144 | (17) | 1,711 | 1,842 | (7) | |||||
| Less: Net income attributable to noncontrolling interests | — | — | NM | — | — | NM | |||||
| Net income attributable to AIG common shareholders | $948 | $1,144 | (17) | % | $1,711 | $1,842 | (7) | % | |||
NET INCOME (LOSS) ATTRIBUTABLE TO AIG COMMON SHAREHOLDERS
Three Months Ended June 30, 2026 and 2025 Comparison
Net income (loss) attributable to AIG common shareholders decreased $196 million due to the following:
lower Net investment income of $339 million primarily due to changes in the fair value of AIG's investments in Corebridge and Equity securities of $295 million and lower income on Alternative investments and Mortgage loans of $53 million, partially offset by higher income from available for sale fixed maturity securities of $29 million. For additional information, see Note 5 to the Condensed Consolidated Financial Statements; and
higher underwriting income primarily driven by higher net favorable prior year reserve development of $33 million. For additional information, see Business Segment Operations – General Insurance.
Six Months Ended June 30, 2026 and 2025 Comparison
Net income (loss) attributable to AIG common shareholders decreased $131 million primarily driven by:
lower Net investment income of $732 million primarily due to changes in the fair value of AIG's investments in Corebridge and Equity securities of $744 million and lower income on Alternative investments and Mortgage loans of $101 million, partially offset by higher income from available for sale fixed maturity securities of $132 million. For additional information, see Note 5 to the Condensed Consolidated Financial Statements; and
higher underwriting income primarily driven by lower catastrophe losses of $305 million and higher net favorable prior year reserve development of $101 million. For additional information, see Business Segment Operations – General Insurance.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.