AIG · News · 20260807N
Underwriting Income and Margins
AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 43 · Surprise 32 · No source text
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
- General Insurance underwriting income increased by 10% year-over-year to $686 million in Q2 2026. source
- AIG's adjusted after-tax income per diluted share rose 10% to $2.00 and underwriting income increased 10% to $686 million in Q2 2026 (reported together in an earnings call summary). source
- AIG reported $75 million of catastrophe-related losses in Q2 2026 tied to the Middle East conflict. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +0.9% | General Insurance underwriting income increased by 10% year-over-year to $686 million in Q2 2026. |