AIG’s third-quarter profit beat Wall Street’s expectations, increasing year-over-year despite losses from its separation of Corebridge https://t.co/UmpxzpKYQ3 ...

Financial Performance - AIG reported adjusted after-tax income (AATI) of $1.2 billion, or $2.20 per diluted share, for Q3 2025, reflecting a 52% year-over-year increase[5]. - Net income attributable to AIG common shareholders was $519 million, or $0.93 per diluted share, up 13% from the prior year quarter[8]. - AIG reported a net income attributable to common shareholders of $2,076 million for the three months ended September 30, 2025, compared to $1,836 million for the same period in 2024, reflecting a 13.1% increase[63]. - The adjusted pre-tax income attributable to AIG common shareholders for the nine months ended September 30, 2024, was $3,241 million, compared to $3,922 million in 2025, indicating a growth of 21%[51]. - Basic earnings per share from continuing operations increased by 25.3% to $0.94 for the three months ended September 30, 2025, compared to $0.75 in 2024[58]. - Adjusted after-tax income attributable to AIG common shareholders per diluted share rose by 77.4% to $2.20 for the three months ended September 30, 2025, from $1.24 in 2024[58]. Underwriting and Insurance Operations - General Insurance underwriting income grew 81% year-over-year to $793 million, driven by lower catastrophe-related charges and favorable prior year development[15]. - The combined ratio for General Insurance improved to 86.8%, a 580 basis point improvement year-over-year[5]. - Net premiums written (NPW) for General Insurance were $6.2 billion, a decrease of 2% year-over-year on a reported basis[5]. - The combined ratio improved to 95.2% in Q3 2024 from 98.8% in the prior year quarter, driven by lower expense ratios and catastrophe-related charges[19]. - The adjusted year-to-date combined ratio (AYCR) improved to 95.5% from 97.8% in the prior year quarter, primarily due to better acquisition ratios[19]. - The combined ratio for North America Commercial improved to 82.6% for the three months ended September 30, 2025, down from 95.5% in the same period of 2024[67]. - The accident year combined ratio for International Commercial was 86.0% for the three months ended September 30, 2025, compared to 83.4% in 2024[67]. Investment Income - Total net investment income was $772 million, down 21% from the prior year quarter, but adjusted pre-tax income (APTI) basis net investment income increased 15% to $1.0 billion[10]. - Net investment income decreased by $48 million year-over-year to $120 million, mainly due to lower dividend income from Corebridge[25]. - For the three months ended September 30, 2025, net investment income was $772 million, a decrease from $973 million in the same period of 2024[59]. - Net investment income on Fortitude Re funds withheld assets was reported as a loss of $51 million for the three months ended September 30, 2024, compared to a loss of $29 million in 2025[49]. - Net investment income on Fortitude Re funds withheld assets was $(29) million for the three months ended September 30, 2025, compared to $(51) million in 2024[59]. Shareholder Returns and Equity - AIG returned approximately $1.5 billion to shareholders in Q3 2025, including $1.25 billion in share repurchases and $250 million in dividends[12]. - Book value per share increased to $75.45 as of September 30, 2025, a 2% increase from June 30, 2025[13]. - Total AIG common shareholders' equity as of September 30, 2024, was $45,039 million, up from $41,501 million as of June 30, 2025[61]. - Book value per share increased by 5.6% to $71.46 as of September 30, 2024, compared to the previous quarter[61]. - Total adjusted common shareholders' equity reached $46,582 million as of September 30, 2024, compared to $42,891 million as of June 30, 2025[61]. - Total financial and hybrid debt stood at $9,051 million as of September 30, 2025, representing 18.0% of total capital of $50,168 million[64]. Operational Costs and Expenses - Corporate and other general operating expenses improved by $58 million from the prior year quarter, reflecting a reapportionment of expenses[25]. - Interest expense decreased by $10 million from the prior year quarter, primarily due to debt reduction[25]. - AIG incurred restructuring and other costs of $137 million for the three months ended September 30, 2024, which increased to $153 million in 2025, reflecting a rise of 11.7%[49]. Strategic Initiatives - AIG announced strategic investments in Convex Group and Onex Corporation, and agreements to acquire renewal rights for Everest Group's global retail commercial insurance portfolios, representing $2 billion of aggregate premium[3]. - AIG's Travel business negatively impacted net premiums written by $193 million in the three months ended September 30, 2025[66]. Conference Call - AIG will host a conference call on November 5, 2025, at 8:30 a.m. ET to review these results[23].

AIG Reports Excellent Third Quarter 2025 Results Share NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the third quarter ended September 30, 2025. "AIG had an exceptional third quarter. We successfully executed on multiple complex strategic transactions to further position AIG for the future while also delivering outstanding financial results,†said Peter Zaffino, AIG Chairman & Chief Executive Officer. "Last week, we announced investments in Con ...

Core Insights - American International Group, Inc. (AIG) is set to release its third-quarter 2025 results on November 4, with earnings expected at $1.68 per share and revenues at $6.9 billion [1][7] Earnings Estimates - The earnings estimate for the third quarter has remained stable over the past week, indicating a year-over-year increase of 36.6%, while revenues are projected to grow by 0.1% year-over-year [2] - For the full year 2025, the revenue estimate is $27.2 billion, with earnings per share expected to reach $6.48, reflecting a 30.9% year-over-year increase [3] Earnings Prediction Model - AIG currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), suggesting that the model does not predict an earnings beat for this quarter [4] Revenue Drivers - AIG's revenues in Q3 are anticipated to benefit from higher net investment income and underwriting income from the General Insurance business, particularly from strong performances in the Global Personal segments [5] - The Zacks Consensus Estimate for net investment income in General Insurance is $856 million, representing a 10.8% increase from the prior year, while underwriting income is estimated at $497.1 million, indicating a 13.8% rise [6] Challenges - Higher catastrophe losses across segments are expected to negatively impact underwriting results in the General Insurance business, with anticipated year-over-year revenue declines from North America and International units [8] - Despite cost-cutting measures, AIG's margins are likely to be affected by an elevated expense base due to increased losses and loss adjustment expenses incurred in Q3 [8]

Group 1 - Onex will acquire a 63% equity stake in Convex, a privately-held property and casualty insurer [1] - AIG will purchase a 35% equity stake in Convex [1]

AIG struck a deal to buy a stake in specialty insurer Convex and alternative-asset manager Onex in deals that total more than $2.7 billion https://t.co/Z0QZG3Ypm6 ...

Core Insights - Insurer AIG is set to acquire a 35% stake in privately held specialty insurer Convex Group for nearly $2.1 billion [1] Company Summary - AIG is making a significant investment in Convex Group, indicating a strategic move to enhance its portfolio in the specialty insurance market [1] - The acquisition reflects AIG's commitment to expanding its presence in the insurance sector through partnerships with specialized firms [1] Industry Summary - The transaction highlights ongoing consolidation trends within the insurance industry, as larger firms seek to diversify their offerings and tap into niche markets [1] - The investment in Convex Group may signal increased competition in the specialty insurance space, as companies look to innovate and meet evolving customer needs [1]

Group 1 - American International Group, Inc. (AIG) announced strategic investments in Convex Group Limited and Onex Corporation, acquiring minority stakes in both companies [1] - Convex Group, founded in 2019, is a privately held global specialty insurer, while Onex Corporation is a global asset manager [1] - The investments will allow AIG to participate in Convex's growth and invest in Onex's high-performing investment funds [1]

Core Viewpoint - American International Group, Inc. (AIG) has entered into definitive agreements to acquire renewal rights for a majority of Everest Group Ltd.'s retail insurance portfolios worldwide, which represent approximately $2 billion in premium [1] Group 1: Acquisition Details - The acquisition involves renewal rights for a significant portion of Everest's retail insurance portfolios globally [1] - AIG will not assume any liabilities associated with the policies, which will remain with Everest [1] - Everest will continue to manage claims related to its policies post-acquisition [1]

Core Viewpoint - American International Group Inc. (AIG) has shown modest stock performance with a slight increase in both the short-term and long-term, leading to mixed sentiments among investors regarding its valuation and future performance [1][6]. Stock Performance - The current stock price of AIG is $78.56, reflecting a 0.23% increase in the current session [1]. - Over the past month, AIG's stock has increased by 0.85%, and over the past year, it has risen by 1.13% [1]. Price-to-Earnings (P/E) Ratio Analysis - The P/E ratio is a critical metric for investors, comparing the current share price to the company's earnings per share (EPS) [5]. - AIG's P/E ratio stands at 14.65, which is lower than the insurance industry average P/E ratio of 15.04, suggesting that the stock may be undervalued or could perform worse than its peers [6]. - A lower P/E ratio can indicate potential undervaluation but may also reflect weak growth prospects or financial instability [9]. Investor Sentiment - Long-term shareholders remain optimistic about AIG's performance, while other investors may be concerned about the stock being overvalued based on its P/E ratio [1][6]. - The P/E ratio can lead to expectations of rising dividends in the future, influencing investor sentiment positively [5].