AM Best turns positive on AIG and its P&C subsidiaries

Core Viewpoint - AM Best has revised the outlook of AIG's property/casualty insurance subsidiaries to positive from stable, affirming strong financial ratings [1][3] Group 1: Financial Strength and Ratings - AIG's property/casualty insurance subsidiaries have been affirmed a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) [1] - AIG itself has received a Long-Term Issuer Credit Rating of "bbb+" (Good) with a positive outlook [3] Group 2: Performance Metrics - The positive outlook reflects AIG PC's improved underwriting and operating performance, aligning with higher-rated peers [4] - AIG PC's risk-adjusted capitalisation remains strong, supported by improving underwriting performance and efforts to lower risk on the balance sheet [5] Group 3: Business Profile and Market Position - AIG has shifted focus to underwriting profitability in selected specialty segments, enhancing its business profile [5][6] - The company has demonstrated deep expertise in commercial lines and utilizes diverse distribution channels, sustaining improving underwriting profitability [7] Group 4: Recent Financial Results - AIG reported a significant increase in General Insurance underwriting income, rising 81% year-over-year to $793 million for Q3 2025 [7]