AIG · 8-K · 20260806PR000072

Net Investment Income Trends

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-06 · Importance 59 · Surprise 48 · No source text

Total net investment income decreased 23% year-over-year to $1.127 billion in the second quarter of 2026 from $1.466 billion. The decline primarily reflected changes in the fair value of AIG’s Corebridge investment and equity securities. Net investment income on an adjusted pre-tax income basis declined 5% to $908 million from $955 million, driven by lower Other Operations investment income, while General Insurance investment income remained flat at $871 million. Other Operations net investment income and other declined 58% to $39 million from $92 million, including the absence of $27 million of Corebridge dividends and lower short-term investment income.

Key facts

• Net investment income declined from $1,466 million in Q2 2025 to $1,127 million in Q2 2026 primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities source
• Net investment income on an APTI basis declined from $955 million in Q2 2025 to $908 million in Q2 2026 due to lower Net investment income in Other Operations while General Insurance Net investment income was flat year-over-year source
• Net investment income of $1,127 million for the three months ended June 30, 2026 source
• Total Net investment income on an APTI basis was $908 million for the three months ended June 30, 2026 source
• General Insurance net investment income of $871 million in the second quarter of 2026, flat year-over-year source

Impact estimates