AIG · 10-Q · 2026Q2 · Full report

Operating Income and Margins

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 36 · Surprise 40 · No source text

Six-month income before income tax expense decreased 10.1% to $2,251 million from $2,504 million, while second-quarter pretax income declined 18.1% to $1,264 million from $1,544 million. Six-month total benefits, losses and expenses increased 1.0% to $11,484 million from $11,370 million despite the 1.0% decline in total revenues. Six-month losses and loss adjustment expenses fell 3.1% to $7,059 million from $7,287 million, but amortization of deferred policy acquisition costs and general operating expenses increased to $1,712 million and $2,368 million, respectively. Net income attributable to AIG common shareholders declined to $1,711 million for the six months from $1,842 million, while diluted earnings per share increased to $3.18 from $3.13 because average diluted shares fell to 537.8 million from 588.5 million.

Key facts

• Adjusted pre-tax income (APTI) for the three months ended June 30, 2026: $1,546 million for General Insurance (Net investment income and other, APTI basis). source
• Adjusted pre-tax income (APTI) for the six months ended June 30, 2026: $2,907 million (pre-tax) and adjusted after-tax income attributable to AIG common shareholders: $2,215 million. source
• Net income attributable to AIG common shareholders decreased $196 million for the three months ended June 30, 2026 compared to 2025. source
• Net income attributable to AIG common shareholders was $1,144 million for the three months ended June 30, 2026 (numerator for EPS). source
• Net income attributable to AIG common shareholders for the three months ended June 30, 2026: $1,144 million. source
• Net income attributable to AIG common shareholders (basic) per common share (three months ended June 30, 2026): Basic $1.79, Diluted $1.78. source
• Other Operations adjusted pre-tax loss for the three months ended June 30, 2026: $(142) million. source
• Basic net income per common share attributable to AIG common shareholders: $1.79 (three months ended June 30, 2026) and $2.00 (three months ended June 30, 2025). source

Impact estimates