AIG · 10-Q · 2026Q2 · Full report

International Commercial Growth

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 42 · Surprise 40 · From source text

International Commercial operates across EMEA, the United Kingdom, Japan, Asia Pacific, Latin America and Caribbean, and China, serving small and medium-sized businesses through multinational companies. Net premiums written increased 10% in the second quarter and 11% for the first six months excluding favorable foreign exchange, driven by strategic transactions and organic growth in Specialty and Property, and in Property, Casualty and Specialty, respectively. Growth included Global Specialty products such as aviation, political risk, trade credit and trade finance. Underwriting conditions weakened, with the six-month combined ratio rising 2.1 points to 89.2 because of higher catastrophe losses, a higher adjusted accident-year loss ratio and adverse prior-year development.

Key facts

• International Commercial net premiums written, excluding favorable foreign exchange impact of $38 million, increased by $225 million, or 10 percent, for the three months ended June 30, 2026. source
• International Commercial net premiums written (three months ended June 30, 2026): $2,588 million; net premiums earned: $2,272 million; losses and loss adjustment expenses incurred: $1,344 million. source
• Total International Commercial net loss reserves: $13,102 million at June 30, 2026 and $12,346 million at December 31, 2025; gross loss reserves: $19,050 million at June 30, 2026 and $18,208 million at December 31, 2025. source
• International Commercial net premiums written for the three months ended June 30, 2026: $2,588 million. source

Impact estimates