AIG · 10-Q · 2026Q2 · Full report

Investment Portfolio Diversification

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 19 · Surprise 6

AIG’s General Insurance companies continue allocating part of their portfolios to higher-yielding asset classes with structural and illiquidity premiums, particularly in North America. The portfolios include both fixed-rate and floating-rate asset-backed investments to manage exposure to interest-rate and inflation changes. AIG also maintains diversified alternative-investment portfolios intended to balance liquidity, volatility and surplus growth, with historical yields above fixed-maturity portfolios. Available-for-sale bonds totaled $71.5 billion at June 30, 2026, including $21.7 billion of mortgage-backed, asset-backed and collateralized securities.

Key facts

• At June 30, 2026, alternative investments included private equity funds of $2.7 billion. source
• Other invested assets total at June 30, 2026: $6,841 million and at December 31, 2025: $6,696 million. source
• Private equity and similar investments measured using NAV: Fair value using NAV per share $2,891 million as of June 30, 2026 with unfunded commitments $1,077 million; $3,264 million and unfunded commitments $1,266 million as of December 31, 2025. source
• U.S. municipal bond portfolio at June 30, 2026 was composed primarily of essential service revenue bonds and high-quality tax-exempt bonds with 98 percent of the portfolio rated A or higher. source