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

Each cell as a share of that year’s total assets.

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	0.8%	0.8%	0.3%	0.4%	0.4%
Short Term Investments	6.9%	9.0%	3.2%	2.4%	2.2%
Other Current Assets	3.0%	2.9%	2.4%	2.4%	2.4%
Property,Plant and Equipment	0.0%	0.7%	0.2%	0.3%	0.3%
Goodwill	2.1%	2.1%	0.6%	0.7%	0.7%
Deferred Tax Assets	3.2%	3.1%	2.7%	2.9%	2.0%
Other Noncurrent Assets	3.0%	2.9%	2.4%	2.4%	2.4%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Other Current Liabilities	4.0%	4.7%	4.8%	5.0%	4.8%
Total Current Liabilities	74.5%	73.6%	90.5%	92.0%	88.4%
Long Term Debt	0.0%	5.5%	0.0%	0.0%	5.1%
Other Noncurrent Liabilities	4.0%	4.7%	4.8%	5.0%	4.8%
Total Liabilities	74.5%	73.6%	90.5%	92.0%	88.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	3.0%	3.0%	0.9%	0.9%	0.8%
Additional Paid In Capital	46.7%	46.7%	14.1%	15.2%	13.7%
Retained Earnings	23.1%	21.7%	7.0%	6.3%	4.0%
Treasury Stock	44.2%	40.6%	11.0%	1.0%	8.7%
Accumulated Other Comprehensive Income	-3.1%	-4.4%	-2.6%	-4.2%	1.1%
Noncontrolling Interest	0.0%	0.0%	1.1%	0.4%	0.5%
Total Stockholders Equity	25.5%	26.4%	8.4%	7.6%	11.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

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	16.6%	16.9%	5.2%	5.7%	8.7%
Expenses Selling,General and Administrative	3.1%	3.4%	1.0%	1.2%	1.5%
Expenses Depreciation and Amortization	2.1%	2.2%	0.7%	0.7%	0.8%
Expenses Share Based Compensation	0.1%	0.1%	0.0%	0.1%	0.0%
Expenses Restructuring and Asset Impairment	0.3%	0.5%	0.1%	0.1%	0.1%
Expenses Operating Expenses	0.1%	0.1%	0.0%	0.0%	0.0%
Other Income Expense Interest Expense	0.2%	0.3%	0.1%	0.1%	0.2%
Other Income Expense Other Income/expense	-0.7%	-0.3%	-0.2%	0.2%	0.4%
Other Income Expense Income Before Tax	2.4%	2.4%	0.5%	0.7%	2.2%
Income Tax Income Tax Expense	0.5%	0.7%	0.0%	0.2%	0.4%
net Income net Income	1.9%	-0.9%	0.7%	1.9%	1.7%
net Income Comprehensive Income	3.2%	3.1%	1.5%	-3.7%	0.8%
Earnings Per Share Basic Eps	0.0%	-0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	-0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.4%	0.4%	0.1%	0.1%	0.1%
Earnings Per Share Weighted Average Shares Diluted	0.4%	0.4%	0.1%	0.1%	0.1%

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	1.9%	-0.9%	0.7%	1.9%	1.7%
Operating Activities Depreciation and Amortization	2.1%	2.2%	0.7%	0.7%	0.8%
Operating Activities Stock Based Compensation	0.1%	0.1%	0.0%	0.1%	0.0%
Operating Activities Changes In Operating Assets and Liabilities	0.1%	-0.1%	-0.4%	-0.3%	0.3%
Operating Activities Other Non Cash Items	0.1%	-0.1%	-0.4%	-0.3%	0.3%
Operating Activities net Cash From Operating Activities	2.1%	2.0%	1.2%	0.8%	1.0%
Investing Activities Purchases of Investments	15.7%	14.3%	4.1%	3.7%	12.4%
Investing Activities Proceeds From Sale of Investments	5.5%	5.7%	1.7%	1.7%	5.8%
Investing Activities Other Investing Activities	0.5%	0.0%	0.3%	0.2%	0.2%
Investing Activities net Cash From Investing Activities	2.0%	1.0%	-1.3%	-0.7%	-0.6%
Financing Activities Proceeds From Debt	0.8%	0.4%	0.1%	1.4%	0.0%
Financing Activities Repurchase of Common Stock	3.6%	4.1%	0.5%	1.0%	0.4%
Financing Activities Dividends Paid	0.6%	0.6%	0.2%	0.2%	0.2%
Financing Activities Proceeds From Stock Issuance	0.1%	0.1%	0.0%	0.0%	—
Financing Activities Other Financing Activities	0.1%	0.4%	0.5%	0.3%	0.2%
Financing Activities net Cash From Financing Activities	-4.1%	-3.1%	0.1%	-0.1%	-0.6%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.1%	-0.0%	-0.0%	-0.0%
Cash Reconciliation net Change In Cash	-0.0%	-0.1%	-0.0%	-0.0%	-0.1%

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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