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 · 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	4.8%	4.8%	5.5%	6.8%	4.2%
Short Term Investments	41.6%	53.1%	61.6%	41.3%	25.6%
Other Current Assets	17.8%	17.4%	46.9%	42.4%	27.5%
Property,Plant and Equipment	0.0%	4.1%	4.1%	5.3%	3.3%
Goodwill	12.8%	12.4%	12.2%	13.1%	7.8%
Deferred Tax Assets	19.0%	18.2%	51.7%	50.5%	22.5%
Other Noncurrent Assets	17.8%	17.4%	46.9%	42.4%	27.5%
Total Assets	602.3%	592.0%	1930.4%	1755.7%	1142.9%
Liabilities
Other Current Liabilities	24.3%	27.5%	92.9%	88.2%	55.0%
Total Current Liabilities	448.5%	435.8%	1746.7%	1614.9%	1010.8%
Long Term Debt	0.0%	32.7%	0.0%	0.0%	57.8%
Other Noncurrent Liabilities	24.3%	27.5%	92.9%	88.2%	55.0%
Total Liabilities	448.5%	435.8%	1746.7%	1614.9%	1010.8%
Equity
Preferred Stock	0.0%	0.0%	0.4%	0.3%	0.2%
Common Stock	17.8%	17.5%	17.1%	15.9%	9.1%
Additional Paid In Capital	281.5%	276.5%	271.4%	267.6%	156.9%
Retained Earnings	138.9%	128.7%	134.3%	110.1%	45.6%
Treasury Stock	265.9%	240.6%	211.9%	17.2%	99.0%
Accumulated Other Comprehensive Income	-18.6%	-26.1%	-50.2%	-73.6%	12.8%
Noncontrolling Interest	0.1%	0.1%	21.3%	7.4%	5.7%
Total Stockholders Equity	153.6%	156.0%	162.3%	133.4%	126.5%
Total Liabilitiesand Equity	602.3%	592.0%	1930.4%	1755.7%	1142.9%

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	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%
Expenses Depreciation and Amortization	12.9%	13.2%	13.7%	12.9%	8.7%
Expenses Share Based Compensation	0.8%	0.8%	0.7%	1.0%	0.5%
Expenses Restructuring and Asset Impairment	1.6%	2.7%	1.3%	1.4%	0.8%
Expenses Operating Expenses	0.6%	0.6%	0.6%	0.6%	0.5%
Other Income Expense Interest Expense	1.5%	1.7%	1.8%	2.0%	2.5%
Other Income Expense Other Income/expense	-4.5%	-2.0%	-3.9%	2.8%	4.4%
Other Income Expense Income Before Tax	14.5%	14.2%	10.3%	12.6%	25.6%
Income Tax Income Tax Expense	2.9%	4.3%	0.5%	2.9%	4.7%
net Income net Income	11.6%	-5.2%	13.0%	34.1%	19.9%
net Income Comprehensive Income	19.5%	18.3%	29.7%	-65.3%	9.7%
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	2.1%	2.4%	2.6%	2.6%	1.6%
Earnings Per Share Weighted Average Shares Diluted	2.1%	2.4%	2.6%	2.6%	1.7%

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	11.6%	-5.2%	13.0%	34.1%	19.9%
Operating Activities Depreciation and Amortization	12.9%	13.2%	13.7%	12.9%	8.7%
Operating Activities Stock Based Compensation	0.8%	0.8%	0.7%	1.0%	0.5%
Operating Activities Changes In Operating Assets and Liabilities	0.7%	-0.7%	-7.0%	-5.4%	2.9%
Operating Activities Other Non Cash Items	0.7%	-0.7%	-7.0%	-5.4%	2.9%
Operating Activities net Cash From Operating Activities	12.4%	12.0%	22.3%	13.8%	11.9%
Investing Activities Purchases of Investments	94.8%	84.4%	78.8%	64.7%	142.3%
Investing Activities Proceeds From Sale of Investments	33.3%	33.8%	32.5%	29.8%	66.7%
Investing Activities Other Investing Activities	3.1%	0.2%	6.3%	3.7%	1.9%
Investing Activities net Cash From Investing Activities	11.9%	6.1%	-25.1%	-12.1%	-6.3%
Financing Activities Proceeds From Debt	4.6%	2.4%	2.7%	24.9%	0.2%
Financing Activities Repurchase of Common Stock	21.8%	24.4%	10.6%	17.3%	5.0%
Financing Activities Dividends Paid	3.6%	3.7%	3.6%	3.3%	2.1%
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%
Financing Activities net Cash From Financing Activities	-24.4%	-18.6%	2.8%	-2.0%	-7.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.3%	-0.0%	-0.4%	-0.1%
Cash Reconciliation net Change In Cash	-0.1%	-0.7%	-0.0%	-0.7%	-1.5%

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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