American International Group

Financials Multi-line Insurance New York City, New York Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$26.8B
                    3y CAGR -3.7%
                    
                    P5
                    
                    -1.7%
                    
                    Net income
                    FY2025
                
$3.1B
                    Net margin +11.6%
                    
                    P20
                    
                    +320.5%
                    
                    Total assets
                    FY2025
                
$161.3B
                    ROA +1.9%
                    
                    P40
                    
                    -0.0%
                    
                    Operating cash flow
                    FY2025
                
$3.3B
                    
                    +1.3%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

22 accounts · 5 years

Total assets $161.3B

Total liabilities $120.1B

Shareholders equity $41.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$1.3B -2.2%	$1.3B -15.5%	$1.5B -24.6%	$2.0B -7.1%	$2.2B
Short Term Investments	$11.1B -23.0%	$14.5B -15.9%	$17.2B 39.0%	$12.4B -7.3%	$13.4B
Other Current Assets	$4.8B 0.8%	$4.7B -63.8%	$13.1B 2.9%	$12.7B -11.4%	$14.4B
Property,Plant and Equipment	$0 -100.0%	$1.1B -1.4%	$1.1B -28.9%	$1.6B -7.0%	$1.7B
Goodwill	$3.4B 1.8%	$3.4B -1.4%	$3.4B -12.9%	$3.9B -3.2%	$4.1B
Deferred Tax Assets	$5.1B 2.8%	$5.0B -65.7%	$14.4B -4.6%	$15.1B 29.3%	$11.7B
Other Noncurrent Assets	$4.8B 0.8%	$4.7B -63.8%	$13.1B 2.9%	$12.7B -11.4%	$14.4B
Total Assets	$161.3B 0.0%	$161.3B -70.1%	$539.3B 2.4%	$526.6B -11.7%	$596.1B
Liabilities
Other Current Liabilities	$6.5B -13.2%	$7.5B -71.1%	$26.0B -1.9%	$26.5B -7.8%	$28.7B
Total Current Liabilities	$120.1B 1.1%	$118.8B -75.7%	$488.0B 0.7%	$484.4B -8.1%	$527.2B
Long Term Debt	$0 -100.0%	$8.9B	$0	$0 -100.0%	$30.2B
Other Noncurrent Liabilities	$6.5B -13.2%	$7.5B -71.1%	$26.0B -1.9%	$26.5B -7.8%	$28.7B
Total Liabilities	$120.1B 1.1%	$118.8B -75.7%	$488.0B 0.7%	$484.4B -8.1%	$527.2B
Equity
Preferred Stock	$0	$0 -100.0%	$100.0M 0.0%	$100.0M 0.0%	$100.0M
Common Stock	$4.8B 0.0%	$4.8B 0.0%	$4.8B 0.0%	$4.8B 0.0%	$4.8B
Additional Paid In Capital	$75.4B 0.0%	$75.3B -0.6%	$75.8B -5.6%	$80.3B -1.9%	$81.9B
Retained Earnings	$37.2B 6.0%	$35.1B -6.5%	$37.5B 13.6%	$33.0B 38.9%	$23.8B
Treasury Stock	$71.2B 8.6%	$65.6B 10.8%	$59.2B 1049.5%	$5.1B -90.0%	$51.6B
Accumulated Other Comprehensive Income	$-5.0B 29.8%	$-7.1B 49.4%	$-14.0B 36.5%	$-22.1B -430.4%	$6.7B
Noncontrolling Interest	$23.0M -20.7%	$29.0M -99.5%	$6.0B 166.5%	$2.2B -24.5%	$3.0B
Total Stockholders Equity	$41.1B -3.3%	$42.5B -6.2%	$45.4B 13.4%	$40.0B -39.4%	$66.0B
Total Liabilitiesand Equity	$161.3B 0.0%	$161.3B -70.1%	$539.3B 2.4%	$526.6B -11.7%	$596.1B

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $26.8B

Operating income $9.4B

Net income $3.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$26.8B -1.7%	$27.3B -2.5%	$27.9B -6.9%	$30.0B -42.5%	$52.2B
Expenses Selling,General and Administrative	$5.1B -8.6%	$5.5B 2.4%	$5.4B -12.3%	$6.2B -29.4%	$8.7B
Expenses Depreciation and Amortization	$3.5B -3.9%	$3.6B -6.4%	$3.8B -0.5%	$3.9B -15.0%	$4.5B
Expenses Share Based Compensation	$207.0M -1.9%	$211.0M 6.0%	$199.0M -30.9%	$288.0M 3.6%	$278.0M
Expenses Restructuring and Asset Impairment	$439.0M -41.1%	$745.0M 109.3%	$356.0M -15.8%	$423.0M -2.3%	$433.0M
Expenses Operating Expenses	$150.0M -8.5%	$164.0M 1.2%	$162.0M -6.9%	$174.0M -26.6%	$237.0M
Other Income Expense Interest Expense	$396.0M -14.3%	$462.0M -10.5%	$516.0M -14.4%	$603.0M -53.8%	$1.3B
Other Income Expense Other Income/expense	$-1.2B -119.3%	$-548.0M 49.2%	$-1.1B -230.4%	$827.0M -63.6%	$2.3B
Other Income Expense Income Before Tax	$3.9B 0.2%	$3.9B 35.0%	$2.9B -24.0%	$3.8B -71.7%	$13.3B
Income Tax Income Tax Expense	$782.0M -33.2%	$1.2B 828.6%	$126.0M -85.7%	$882.0M -63.9%	$2.4B
net Income net Income	$3.1B 320.5%	$-1.4B -138.5%	$3.6B -64.4%	$10.2B -1.4%	$10.4B
net Income Comprehensive Income	$5.2B 4.2%	$5.0B -39.7%	$8.3B 142.3%	$-19.6B -488.3%	$5.0B
Earnings Per Share Basic Eps	$5 350.2%	$-2 -143.6%	$5 -61.7%	$13 8.3%	$12
Earnings Per Share Diluted Eps	$5 350.2%	$-2 -143.6%	$5 -61.5%	$13 8.3%	$12
Earnings Per Share Weighted Average Shares Basic	$565.1M -13.3%	$651.4M -9.5%	$719.5M -7.6%	$778.6M -8.9%	$854.3M
Earnings Per Share Weighted Average Shares Diluted	$570.3M -13.2%	$657.3M -9.4%	$725.2M -8.0%	$787.9M -8.9%	$864.9M

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $3.3B

Investing cash flow $3.2B

Financing cash flow $-6.5B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$3.1B 320.5%	$-1.4B -138.5%	$3.6B -64.4%	$10.2B -1.4%	$10.4B
Operating Activities Depreciation and Amortization	$3.5B -3.9%	$3.6B -6.4%	$3.8B -0.5%	$3.9B -15.0%	$4.5B
Operating Activities Stock Based Compensation	$207.0M -1.9%	$211.0M 6.0%	$199.0M -30.9%	$288.0M 3.6%	$278.0M
Operating Activities Changes In Operating Assets and Liabilities	$197.0M 200.0%	$-197.0M 90.0%	$-2.0B -21.0%	$-1.6B -206.0%	$1.5B
Operating Activities Other Non Cash Items	$197.0M 200.0%	$-197.0M 90.0%	$-2.0B -21.0%	$-1.6B -206.0%	$1.5B
Operating Activities net Cash From Operating Activities	$3.3B 1.3%	$3.3B -47.6%	$6.2B 51.0%	$4.1B -33.6%	$6.2B
Investing Activities Purchases of Investments	$25.4B 10.4%	$23.0B 4.4%	$22.0B 13.5%	$19.4B -73.9%	$74.2B
Investing Activities Proceeds From Sale of Investments	$8.9B -3.4%	$9.2B 1.5%	$9.1B 1.5%	$8.9B -74.3%	$34.8B
Investing Activities Other Investing Activities	$821.0M 1143.9%	$66.0M -96.2%	$1.8B 59.9%	$1.1B 10.3%	$995.0M
Investing Activities net Cash From Investing Activities	$3.2B 90.8%	$1.7B 123.8%	$-7.0B -93.6%	$-3.6B -10.5%	$-3.3B
Financing Activities Proceeds From Debt	$1.2B 87.7%	$661.0M -10.9%	$742.0M -90.1%	$7.5B 6887.9%	$107.0M
Financing Activities Repurchase of Common Stock	$5.8B -12.3%	$6.7B 124.7%	$3.0B -43.1%	$5.2B 100.6%	$2.6B
Financing Activities Dividends Paid	$976.0M -2.6%	$1.0B 0.5%	$997.0M 1.5%	$982.0M -9.3%	$1.1B
Financing Activities Proceeds From Stock Issuance	$155.0M -4.3%	$162.0M 276.7%	$43.0M -36.8%	$68.0M	—
Financing Activities Other Financing Activities	$129.0M -78.7%	$605.0M -78.7%	$2.8B 107.9%	$1.4B 12.0%	$1.2B
Financing Activities net Cash From Financing Activities	$-6.5B -29.2%	$-5.1B -747.4%	$782.0M 229.9%	$-602.0M 83.6%	$-3.7B
Cash Reconciliation Effect of Exchange Rate On Cash	$12.0M 114.5%	$-83.0M -538.5%	$-13.0M 88.9%	$-117.0M -74.6%	$-67.0M
Cash Reconciliation net Change In Cash	$-27.0M 86.6%	$-201.0M -2133.3%	$-9.0M 95.7%	$-211.0M 73.7%	$-803.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	—	—	—	—	+17.9%
Net margin	+11.6%	-5.2%	+13.0%	+34.1%	+19.9%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	-3.7%	-19.5%	-13.9%	-15.5%	+3.2%
Returns
ROE	+7.5%	-3.3%	+8.0%	+25.6%	+15.7%
ROA	+1.9%	-0.9%	+0.7%	+1.9%	+1.7%
ROIC	—	—	—	—	+6.2%
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	2.92x	2.79x	10.76x	12.11x	7.99x
Interest coverage	—	—	—	—	7.17x
Efficiency
Asset turnover	0.17x	0.17x	0.05x	0.06x	0.09x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

AIG $79 · 2025-09-12 · 368d old · FY2025

Market cap $45.0B

P/E 14.54x

P/S 1.68x

P/B 1.09x

EV $43.7B

EV/EBITDA —

FCF yield —

Dividend yield +2.2%

Notes

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