AIG · 10-Q · 2026Q2 · Full report

Commercial Mortgage Portfolio

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 29 · Surprise 22

AIG’s net mortgage and other loans receivable declined to $2.6 billion at June 30, 2026 from $2.9 billion at December 31, 2025. Commercial mortgages totaled $2.3 billion and primarily consisted of loans on apartments, offices and retail properties, with California and New York identified as the largest geographic concentrations. The portfolio remained high quality, with the majority of commercial mortgages having loan-to-value ratios below 65%, no loans more than 90 days delinquent or in foreclosure, and nonperforming loans not significant.

Key facts

• Excludes $37.6 billion at both June 30, 2026 and December 31, 2025 of loans receivable from AIG Financial Products Corp. (AIGFP), which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. source
• All loans with borrowers experiencing financial difficulty that were modified in the 12 months prior to June 30, 2026 are current and performing in accordance with their modified terms. source
• Commercial mortgages balance at June 30, 2026: $2,263 million; at December 31, 2025: $2,495 million. source
• Total mortgage and other loans receivable at June 30, 2026: $2,677 million; at December 31, 2025: $2,998 million. source
• Mortgage and other loans receivable, net at June 30, 2026: $2,599 million and at December 31, 2025: $2,887 million. source
• Direct commercial mortgage loan exposure at June 30, 2026: $2.3 billion (amortized cost). source
• Total commercial mortgage loan exposure at December 31, 2025 (amortized cost): $2,495 million. source
• Loan-to-value ratio is principal amount of loan amount divided by appraised value of collateral securing the loan. source