AIG · 10-Q · 2026Q2 · Full report
Investment Portfolio Exposure
AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 44 · Surprise 24 · From source text
At June 30, 2026, AIG held $71.472 billion of bonds available for sale at fair value against $72.710 billion of amortized cost, including $39.007 billion of corporate debt and $21.654 billion of mortgage-backed, asset-backed and collateralized securities. Gross unrealized losses totaled $1.941 billion, with corporate debt accounting for $1.050 billion, and AIG determined the losses were attributable to non-credit factors rather than credit impairment. The number of individual fixed-maturity securities in an unrealized-loss position without an allowance increased to 10,882 from 7,526 at December 31, 2025, a 44.6% increase, including 3,996 securities held in a continuous loss position for at least 12 months.
Key facts
- Fair value measurements total (June 30, 2026): total presented $78,618 million (Level 1 $5,392; Level 2 $69,840; Level 3 $3,721). source
- Total bonds available for sale fair value at June 30, 2026: $71,472 million. source
- Amortized cost, net of allowance of total fixed maturity securities available for sale at June 30, 2026: $72,675 million; Fair value: $71,472 million. source
- For the six months ended June 30, 2026, Net income attributable to AIG common shareholders decreased $131 million primarily driven by lower Net investment income of $732 million due to changes in fair value of investments in Corebridge and Equity securities of $744 million. source
- For the three and six months ended June 30, 2026, the aggregate fair value of available for sale securities sold was $2.7 billion and $6.5 billion, respectively. source
- For the three and six months ended June 30, 2025, the aggregate fair value of available for sale securities sold was $2.6 billion and $7.4 billion, respectively. source
- Purchases of available for sale securities (six months ended June 30, 2026): $(12,901) million and (six months ended June 30, 2025): $(13,300) million. source
- Decrease in Net investment income of $339 million for the three months ended June 30, 2026 primarily due to changes in fair value of investments in Corebridge and Equity securities of $295 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -4.8% | Decrease in Net investment income of $339 million for the three months ended June 30, 2026 primarily due to changes in fair value of… |
| net_income | negative | realized | -1.9% | For the six months ended June 30, 2026, Net income attributable to AIG common shareholders decreased $131 million primarily driven by… |
| assets | negative | realized | -0.8% | Total investments: $91,676 million as of June 30, 2026 and $92,999 million as of December 31, 2025. |
| assets | positive | realized | +0.6% | Fair value of corporate debt available for sale: $38,277 million at June 30, 2026 and $37,235 million at December 31, 2025. |
| assets | positive | realized | +0.3% | Total bonds available for sale fair value: $71,472 million at June 30, 2026 and $71,032 million at December 31, 2025. |
| cash | positive | realized | +0.2% | Purchases of available for sale securities (six months ended June 30, 2026): $(12,901) million and (six months ended June 30, 2025):… |