AIG · News · 20260806N

Underwriting Income and Margins

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-06 · Importance 43 · Surprise 32

General Insurance underwriting income increased nearly 10% year over year to $686 million in the second quarter of 2026. The adjusted general insurance accident year combined ratio improved to 88.1%, indicating stronger underwriting profitability. North America Commercial and Global Personal Insurance were identified as key contributors to the earnings beat. Catastrophe losses increased, including $75 million related to the Middle East conflict, but remained more than offset by underwriting gains.

Key facts

• AIG said underwriting strength was driven by lower-than-anticipated catastrophe losses in its general insurance unit leading to an adjusted EPS beat of $2.00 (analysts' consensus referenced as $1.93 in one report). source
• AIG's adjusted general insurance accident year combined ratio improved to 88.1% in Q2 2026. source