NYSE$AIG

American International Group Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

AIG reported Q4 2025, net income of $735M, diluted EPS of $1.51.

For Q4 2025, AIG reported net income of $735M, diluted EPS was $1.51. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Net income $735M.
  • Diluted EPS $1.51.
  • AIG MD&A covers liquidity, operations, and outlook.

Headline financials

Total Revenue

$6.04B

Previous: $1.31B+359.9%
EPS (adj)

$1.51

Previous: $1.30+16.2%
Underwriting income

$670M

Previous: $454M+47.6%
Accident year combined ratio, as adjusted

88.9%

Previous: 88.6%+0.3%
Catastrophe losses and reinstatement premiums

2.1%

No prior period
General Insurance combined ratio

88.8%

Previous: 92.5%-4.0%
Return on equity

7.2%

Previous: 8.2%-12.2%
Core Operating ROE

11.7%

Previous: 9.1%+28.6%
Net investment income

$872M

Previous: $1.31B-33.6%
Net investment income, APTI basis

$954M

Previous: $872M+9.4%
Adjusted pre-tax income

$1.42B

Previous: $1.08B+31.3%
General Insurance APTI

$1.55B

Previous: $1.23B+25.8%
Other Operations APTI

-$129M

Previous: -$150M+14.0%
Adjusted after-tax income attributable to AIG common shareholders

$1.07B

Previous: $817M+31.2%
Weighted average common shares outstanding - diluted

546.4M

Previous: 627.2M-12.9%
Book value per share

$76.44

Previous: $70.16+9.0%
Adjusted book value per share

$78.02

Previous: $73.79+5.7%
Adjusted tangible book value per share

$70.37

Previous: $67.62+4.1%
Core operating book value per share

$69.12

Previous: $61.75+11.9%
Common shares outstanding (in millions)

538.2M

Previous: 606.1M-11.2%
Total debt to total capital ratio

18.0%

No prior period
Total debt to total adjusted capital ratio

17.7%

No prior period
Net Income

$735M

Previous: $898M-18.2%
Operating Income

$1.55B

Previous: $0.00

Revenue & EPS history

AIG · Revenue · Quarterly

$6.04B

Q4 2025+359.9%vs Q4 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.4%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+1.9%

Avg return

30 days after

58%

40 / 69 earnings

Positive

+11.5%

Q1 2010

Best reaction

-11.0%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.1%+3.9%-0.7%
Q4 2025+4.6%+4.4%+2.3%
Q3 2025-5.4%-4.7%-4.6%
Q2 2025+2.0%+4.3%+3.4%
Q1 2025+3.2%+1.1%+4.7%
Q4 2024+1.2%-2.1%+9.5%
Q3 2024-0.4%-0.2%+0.3%
Q2 2024-5.2%-11.2%-2.5%
Q1 2024+3.7%+6.2%+4.7%
Q4 2023-0.8%+0.4%+8.8%
Q3 2023+5.0%+4.3%+7.6%
Q2 2023+1.6%+0.7%-2.9%
Q1 2023+4.8%+3.4%+7.5%
Q4 2022+1.0%-1.1%-23.2%
Q3 2022+0.5%+1.6%+10.7%
Q2 2022+3.3%+10.8%+3.6%
Q1 2022+8.3%+5.4%-1.5%
Q4 2021+1.7%+2.2%+1.1%
Q3 2021-3.5%-3.8%-12.7%
Q2 2021+8.2%+12.8%+17.0%
Q1 2021+4.7%+3.1%+9.3%
Q4 2020+4.5%+2.9%+15.5%
Q3 2020+5.0%+21.0%+28.8%
Q2 2020-7.5%-4.6%-7.2%
Q1 2020+4.9%+15.7%+39.1%
Q4 2019-10.7%-9.7%-47.5%
Q3 2019+3.7%+4.8%-0.6%
Q2 2019+4.5%+1.3%+0.9%
Q1 2019+6.8%+9.6%+13.9%
Q4 2018-8.3%-3.4%+0.5%
Q3 2018+5.3%+7.7%+5.6%
Q2 2018-2.4%-3.6%-3.3%
Q1 2018-7.8%-5.4%-5.4%
Q4 2017-0.4%-1.7%-6.4%
Q3 2017-4.1%-3.9%-7.4%
Q2 2017+0.9%-0.8%-7.3%
Q1 2017+1.9%+0.6%+4.4%
Q4 2016-8.0%-5.5%-4.9%
Q3 2016-4.2%-2.3%+5.1%
Q2 2016+7.2%+9.0%+9.6%
Q1 2016+0.2%
Q4 2015+1.0%
Q3 2015-3.3%
Q2 2015-2.8%
Q1 2015+1.9%
Q4 2014+3.3%
Q3 2014-0.3%
Q2 2014+0.3%
Q1 2014-3.5%
Q4 2013-0.1%
Q3 2013-7.1%
Q2 2013+6.2%
Q1 2013+8.1%
Q4 2012+2.3%
Q3 2012-6.4%
Q2 2012+1.6%
Q1 2012-5.6%
Q4 2011+2.7%
Q3 2011-1.2%
Q2 2011-11.0%
Q1 2011-3.0%
Q4 2010-3.7%
Q3 2010-0.2%
Q2 2010+4.4%
Q1 2010+11.5%
Q3 2008-7.9%
Q3 2009-7.9%
Q2 2009+5.5%
Q2 2008+5.5%

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