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 revenue.

Balance Sheet

Assets, liabilities, and equity

22 accounts · 10 years

Total assets $161.3B

Total liabilities $120.1B

Shareholders equity $41.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	4.8%	4.8%	5.5%	6.8%	4.2%	6.5%	5.7%	6.1%	4.8%	3.6%
Short Term Investments	41.6%	53.1%	61.6%	41.3%	25.6%	41.6%	26.6%	20.4%	21.0%	23.5%
Other Current Assets	17.8%	17.4%	46.9%	42.4%	27.5%	30.0%	32.9%	28.6%	20.6%	20.7%
Property,Plant and Equipment	0.0%	4.1%	4.1%	5.3%	3.3%	4.2%	3.9%	4.6%	5.1%	5.1%
Goodwill	12.8%	12.4%	12.2%	13.1%	7.8%	9.3%	8.1%	8.6%	3.2%	2.9%
Deferred Tax Assets	19.0%	18.2%	51.7%	50.5%	22.5%	28.9%	26.4%	32.1%	28.3%	40.7%
Other Noncurrent Assets	17.8%	17.4%	46.9%	42.4%	27.5%	30.0%	32.9%	28.6%	20.6%	20.7%
Total Assets	602.3%	592.0%	1930.4%	1755.7%	1142.9%	1341.0%	1055.5%	1038.2%	1006.3%	951.5%
Liabilities
Other Current Liabilities	24.3%	27.5%	92.9%	88.2%	55.0%	62.0%	53.5%	52.0%	52.6%	50.2%
Total Current Liabilities	448.5%	435.8%	1746.7%	1614.9%	1010.8%	1187.3%	919.9%	917.2%	873.6%	804.7%
Long Term Debt	0.0%	32.7%	0.0%	0.0%	57.8%	85.8%	71.1%	72.9%	63.9%	59.0%
Other Noncurrent Liabilities	24.3%	27.5%	92.9%	88.2%	55.0%	62.0%	53.5%	52.0%	52.6%	50.2%
Total Liabilities	448.5%	435.8%	1746.7%	1614.9%	1010.8%	1187.3%	919.9%	917.2%	873.6%	804.7%
Equity
Preferred Stock	0.0%	0.0%	0.4%	0.3%	0.2%	0.2%	0.2%	0.0%	0.0%	0.0%
Common Stock	17.8%	17.5%	17.1%	15.9%	9.1%	10.9%	9.6%	10.1%	9.6%	9.1%
Additional Paid In Capital	281.5%	276.5%	271.4%	267.6%	156.9%	186.2%	163.5%	171.5%	163.7%	154.8%
Retained Earnings	138.9%	128.7%	134.3%	110.1%	45.6%	35.4%	46.4%	44.1%	43.3%	54.8%
Treasury Stock	265.9%	240.6%	211.9%	17.2%	99.0%	112.8%	98.5%	103.7%	96.1%	79.2%
Accumulated Other Comprehensive Income	-18.6%	-26.1%	-50.2%	-73.6%	12.8%	30.9%	10.0%	-3.0%	11.0%	6.2%
Noncontrolling Interest	0.1%	0.1%	21.3%	7.4%	5.7%	1.9%	3.5%	2.0%	1.1%	1.1%
Total Stockholders Equity	153.6%	156.0%	162.3%	133.4%	126.5%	151.7%	132.0%	118.9%	131.6%	145.7%
Total Liabilitiesand Equity	602.3%	592.0%	1930.4%	1755.7%	1142.9%	1341.0%	1055.5%	1038.2%	1006.3%	951.5%

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $26.8B

Operating income $9.4B

Net income $3.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	18.9%	20.3%	19.3%	20.5%	16.7%	19.2%	17.2%	19.6%	18.4%	21.0%
Expenses Depreciation and Amortization	12.9%	13.2%	13.7%	12.9%	8.7%	9.4%	10.1%	11.3%	7.8%	7.8%
Expenses Share Based Compensation	0.8%	0.8%	0.7%	1.0%	0.5%	0.6%	0.6%	0.7%	0.7%	0.5%
Expenses Restructuring and Asset Impairment	1.6%	2.7%	1.3%	1.4%	0.8%	1.0%	0.6%	0.9%	1.4%	2.1%
Expenses Operating Expenses	0.6%	0.6%	0.6%	0.6%	0.5%	0.6%	0.5%	0.6%	0.5%	—
Other Income Expense Interest Expense	1.5%	1.7%	1.8%	2.0%	2.5%	3.3%	2.8%	2.8%	2.4%	2.4%
Other Income Expense Other Income/expense	-4.5%	-2.0%	-3.9%	2.8%	4.4%	-5.1%	1.3%	-0.1%	-2.8%	-3.7%
Other Income Expense Income Before Tax	14.5%	14.2%	10.3%	12.6%	25.6%	-16.7%	10.6%	0.5%	3.0%	-0.1%
Income Tax Income Tax Expense	2.9%	4.3%	0.5%	2.9%	4.7%	-3.3%	2.3%	0.3%	15.2%	0.4%
net Income net Income	11.6%	-5.2%	13.0%	34.1%	19.9%	-13.6%	6.7%	-0.0%	-12.3%	-1.6%
net Income Comprehensive Income	19.5%	18.3%	29.7%	-65.3%	9.7%	5.9%	19.6%	-13.3%	-7.8%	-0.3%
Earnings Per Share Basic Eps	0.0%	-0.0%	0.0%	0.0%	0.0%	-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%	-0.0%	0.0%	-0.0%	-0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	2.1%	2.4%	2.6%	2.6%	1.6%	2.0%	1.8%	1.9%	1.9%	2.1%
Earnings Per Share Weighted Average Shares Diluted	2.1%	2.4%	2.6%	2.6%	1.7%	2.0%	1.8%	1.9%	1.9%	2.1%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 10 years

Operating cash flow $3.3B

Investing cash flow $3.2B

Financing cash flow $-6.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	11.6%	-5.2%	13.0%	34.1%	19.9%	-13.6%	6.7%	-0.0%	-12.3%	-1.6%
Operating Activities Depreciation and Amortization	12.9%	13.2%	13.7%	12.9%	8.7%	9.4%	10.1%	11.3%	7.8%	7.8%
Operating Activities Stock Based Compensation	0.8%	0.8%	0.7%	1.0%	0.5%	0.6%	0.6%	0.7%	0.7%	0.5%
Operating Activities Changes In Operating Assets and Liabilities	0.7%	-0.7%	-7.0%	-5.4%	2.9%	-0.4%	2.0%	-1.0%	1.2%	-0.0%
Operating Activities Other Non Cash Items	0.7%	-0.7%	-7.0%	-5.4%	2.9%	-0.4%	2.0%	-1.0%	1.2%	-0.0%
Operating Activities net Cash From Operating Activities	12.4%	12.0%	22.3%	13.8%	11.9%	2.4%	-3.6%	-0.8%	-15.8%	6.7%
Investing Activities Purchases of Investments	94.8%	84.4%	78.8%	64.7%	142.3%	133.3%	109.4%	93.1%	100.7%	105.0%
Investing Activities Proceeds From Sale of Investments	33.3%	33.8%	32.5%	29.8%	66.7%	52.8%	44.5%	53.1%	62.8%	57.5%
Investing Activities Other Investing Activities	3.1%	0.2%	6.3%	3.7%	1.9%	-0.0%	-3.0%	-0.4%	4.3%	1.9%
Investing Activities net Cash From Investing Activities	11.9%	6.1%	-25.1%	-12.1%	-6.3%	-14.2%	-11.0%	-0.5%	28.4%	6.2%
Financing Activities Proceeds From Debt	4.6%	2.4%	2.7%	24.9%	0.2%	9.6%	7.8%	10.0%	6.8%	11.4%
Financing Activities Repurchase of Common Stock	21.8%	24.4%	10.6%	17.3%	5.0%	1.1%	0.0%	3.7%	12.7%	21.9%
Financing Activities Dividends Paid	3.6%	3.7%	3.6%	3.3%	2.1%	2.5%	2.2%	2.4%	2.4%	2.6%
Financing Activities Proceeds From Stock Issuance	0.6%	0.6%	0.2%	0.2%	—	—	—	—	—	—
Financing Activities Other Financing Activities	0.5%	2.2%	10.2%	4.6%	2.3%	1.2%	3.2%	-7.5%	-0.1%	0.1%
Financing Activities net Cash From Financing Activities	-24.4%	-18.6%	2.8%	-2.0%	-7.1%	11.6%	14.6%	2.6%	-11.5%	-13.0%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.3%	-0.0%	-0.4%	-0.1%	0.1%	0.0%	-0.0%	-0.1%	0.1%
Cash Reconciliation net Change In Cash	-0.1%	-0.7%	-0.0%	-0.7%	-1.5%	-0.1%	-0.0%	1.3%	1.0%	-0.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	+17.9%	-13.7%	+6.6%	+0.1%	-12.3%	-1.4%
Net margin	+11.6%	-5.2%	+13.0%	+34.1%	+19.9%	-13.6%	+6.7%	-0.0%	-12.3%	-1.6%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	-3.7%	-19.5%	-13.9%	-15.5%	+3.2%	-4.1%	-1.7%	-6.7%	-8.4%	-8.7%
Returns
ROE	+7.5%	-3.3%	+8.0%	+25.6%	+15.7%	-9.0%	+5.1%	-0.0%	-9.3%	-1.1%
ROA	+1.9%	-0.9%	+0.7%	+1.9%	+1.7%	-1.0%	+0.6%	-0.0%	-1.2%	-0.2%
ROIC	—	—	—	—	+6.2%	-4.3%	+1.9%	+0.0%	+0.0%	-0.6%
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	2.92x	2.79x	10.76x	12.11x	7.99x	7.82x	6.97x	7.71x	6.64x	5.52x
Interest coverage	—	—	—	—	7.17x	-4.10x	2.31x	0.03x	-5.21x	-0.60x
Efficiency
Asset turnover	0.17x	0.17x	0.05x	0.06x	0.09x	0.07x	0.09x	0.10x	0.10x	0.11x
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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