AIG attributable profit slides to $735m in Q4

Core Insights - AIG reported a net income of $735 million for Q4 2025, a decrease from $898 million in the same quarter last year [1] - The company achieved a net income of $3.1 billion for the full year 2025, a significant recovery from a net loss of $1.4 billion in 2024 [2] - AIG's general insurance gross written premiums (GWP) for 2025 were $35.83 billion, with a combined ratio of 90.1%, an improvement from 91.8% in the previous year [3] Financial Performance - In Q4 2025, AIG's property and casualty (P&C) business reported gross written premiums of $8.07 billion, slightly up from $8.02 billion a year ago [1] - The net written premiums (NWP) for the P&C division were $6.04 billion, down 1% from $6.06 billion in Q4 2024 [1] - North America commercial NWP reached $2.29 billion, an increase of 2.8%, with a combined ratio improving to 84.7% from 98.8% [2] Investment Income - Total net investment income for Q4 2025 was $872 million, a decline of 34% from $1.3 billion in the prior-year quarter [2] - For the full year, total net investment income was $4.2 billion, down 1% from $4.3 billion, primarily due to a decline in other investments [3] Shareholder Returns - AIG returned $6.8 billion to shareholders in 2025, which included $5.8 billion in share repurchases and approximately $1 billion in dividends [4] Leadership Changes - AIG's chairman and CEO Peter Zaffino announced that 2025 was an exceptional year for the company, with significant progress and financial results [5] - Eric Andersen has been appointed as president and CEO-elect, set to take over on February 16, 2026, as Zaffino transitions to executive chair [6]