AMERICAN INTERNATIONAL GROUP, INC.

Listed Company

AIGCIK 0000005272NYSELarge AcceleratedFire, Marine & Casualty InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$26.77B

Net Income

$3.10B

Total Assets

$161.25B

Equity

$41.14B

Shares Out

536.56M

Op. Cash Flow

$3.31B

+ 13F Filer

Business

AMERICAN INTERNATIONAL GROUP, INC. is a leading global insurance organization that provides risk protection and insurance solutions to businesses and individuals. It offers a broad range of insurance products and services including commercial and personal property‑casualty coverage, claims handling, underwriting, reinsurance and risk‑management solutions. The company reports through three primary segments — North America Commercial, International Commercial and Global Personal — with Other Operations encompassing parent liquidity, investment and corporate functions. AIG serves clients in over 200 countries and jurisdictions through its operations, licenses, network partners and a diversified multichannel distribution network of brokers, agents, advisors and marketplaces.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Premiums	23,751	23,537	25,564	26,765	31,285
Total net investment income	4,215	4,255	3,446	2,370	14,612
Total net realized losses	−1,202	−548	−1,078	827	2,271
Other income	11	7	6	34	984
Total revenues	26,775	27,251	27,938	29,996	52,157
Losses and loss adjustment expenses incurred	14,162	14,567	15,393	15,461	23,785
Amortization of deferred policy acquisition costs	3,371	3,425	3,771	3,545	4,524
General operating and other expenses	5,053	5,529	5,399	6,159	8,728
Interest expense	396	462	516	603	1,305
(Gain) loss on extinguishment of debt	−5	14	−37	303	389
Net (gain) loss on divestitures and other	−81	−616	29	153	−3,044
Total benefits, losses and expenses	22,896	23,381	25,071	26,224	38,810
Income from continuing operations before income tax expense	3,879	3,870	2,867	3,772	13,347
Current	905	657	176	−452	−45
Deferred	−123	513	−50	1,334	2,486
Income tax expense	782	1,170	126	882	2,441
Income from continuing operations	3,097	2,700	2,741	2,890	10,906
Income (loss) from discontinued operations, net of income taxes	0	−3,626	1,137	8,383	0
Net income (loss)	3,097	−926	3,878	11,273	10,906
Less: Net income attributable to noncontrolling interests	1	478	235	1,046	—
Net income (loss) attributable to AIG	3,096	−1,404	3,643	10,227	10,367
Less: Dividends on preferred stock and preferred stock redemption premiums	0	22	29	29	—
Net income (loss) attributable to AIG common shareholders	3,096	−1,426	3,614	10,198	10,338
Income from continuing operations (in dollars per share)	5.48	4.11	3.77	3.67	12.1
Loss from discontinued operations (in dollars per share)	0	−6.3	1.25	9.43	0
Net income (loss) attributable to AIG common shareholders (in dollars per share)	5.48	−2.19	5.02	13.1	12.1
Income from continuing operations (in dollars per share)	5.43	4.07	3.74	3.63	11.95
Loss from discontinued operations (in dollars per share)	0	−6.24	1.24	9.31	0
Net income (loss) attributable to AIG common shareholders (in dollars per share)	5.43	−2.17	4.98	12.94	11.95
Basic (in shares)	565	651	720	779	854
Diluted (in shares)	570	657	725	788	865

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bonds available for sale, at fair value, net of allowance for credit losses of $37 in 2025 and $38 in 2024 (amortized cost: 2025 - $71,772; 2024 - $66,195)	71,032	64,006	65,242	226,156	277,202
Other bond securities, at fair value	741	745	663	4,485	6,278
Equity securities, at fair value	502	704	665	575	739
Mortgage and other loans receivable, net of allowance for credit losses of $37,747 in 2025 and $37,800 in 2024	2,887	3,868	4,441	49,605	46,048
Other invested assets (portion measured at fair value: 2025 - $5,011; 2024 - $7,384)	6,696	9,828	6,368	15,953	15,668
Short-term investments, including restricted cash of $55 in 2025 and $55 in 2024 (portion measured at fair value: 2025 - $5,909; 2024 - $9,789)	11,141	14,462	12,865	12,376	13,357
Total investments	92,999	93,613	90,244	309,150	359,292
Cash	1,274	1,302	1,540	1,482	2,198
Accrued investment income	691	599	580	2,376	2,239
Premiums and other receivables, net of allowance for credit losses and disputes of $131 in 2025 and $127 in 2024	10,441	10,463	9,967	13,243	12,409
Deferred income tax assets	5,096	4,956	6,186	14,804	11,714
Deferred policy acquisition costs	2,106	2,065	2,117	12,857	10,514
Goodwill	3,435	3,373	3,422	3,751	—
Deposit accounting assets, net of allowance for credit losses of $49 in 2025 and $49 in 2024	2,443	2,171	1,915	—	—
Other assets, including restricted cash of $16 in 2025 and $15 in 2024 (portion measured at fair value: 2025 - $135; 2024 - $179)	4,773	4,735	5,425	12,384	14,351
Total assets	161,254	161,322	539,306	522,228	596,112
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2025 and $14 in 2024	70,666	69,168	70,393	75,167	79,026
Unearned premiums	17,991	17,232	17,375	18,338	19,313
Future policy benefits	1,385	1,317	1,467	51,914	59,950
Other policyholder funds	352	418	495	3,463	3,476
Fortitude Re funds withheld payable (portion measured at fair value: 2025 - $(92); 2024 - $(128))	3,038	3,207	3,527	30,383	40,771
Premiums and other related payables	5,448	6,052	6,219	—	—
Deposit accounting liabilities	3,295	3,005	2,612	—	—
Commissions and premium taxes payable	1,556	1,522	1,351	—	—
Current and deferred income tax liabilities	661	426	347	—	—
Other liabilities (portion measured at fair value: 2025 - $162; 2024 - $251)	6,509	7,503	7,496	26,757	28,704
Long-term debt	9,191	8,922	10,606	—	30,163
Total liabilities	120,092	118,772	488,005	478,774	527,200
Contingencies, commitments and guarantees (See Note 15)	—	—	—	—	—
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2025 - 1,906,671,492 and 2024 - 1,906,671,492	4,766	4,766	4,766	—	—
Treasury stock, at cost; 2025 - 1,368,489,324 shares; 2024 - 1,300,512,040 shares of common stock	−71,199	−65,573	−59,189	−56,473	—
Additional paid-in capital	75,373	75,348	75,810	79,915	81,851
Retained earnings	37,186	35,079	37,516	34,893	23,785
Accumulated other comprehensive loss	−4,987	−7,099	−14,037	−22,616	6,687
Total AIG shareholders equity	41,139	42,521	45,351	40,970	65,956
Non-redeemable noncontrolling interests	23	29	5,950	2,484	2,956
Total equity	41,162	42,550	51,301	43,454	69,034
Total liabilities and equity	161,254	161,322	539,306	522,228	596,112

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net losses on sales of securities available for sale and other assets	706	637	662	637	−2,099
Unrealized (gains) losses in earnings - net	−423	−571	1,075	2,123	−873
Equity in income from equity method investments, net of dividends or distributions	0	−54	−15	−67	3
Depreciation and other amortization	3,455	3,597	3,841	3,861	4,542
Impairments of assets	322	27	21	2	46
Insurance reserves	93	341	823	−4,486	4,472
Premiums and other receivables and payables - net	−1,168	−571	544	−1,681	−724
Reinsurance assets, net	501	727	−204	2,794	−1,044
Capitalization of deferred policy acquisition costs	−3,438	−3,519	−4,157	−3,732	−4,969
Current and deferred income taxes - net	452	468	−338	199	1,579
Other, net	−197	197	1,968	1,626	−1,534
Total adjustments	217	677	4,212	1,732	−4,683
Net cash provided by operating activities - continuing operations	3,314	3,377	6,953	4,622	—
Net cash used in operating activities - discontinued operations	0	−104	−710	−488	—
Net cash provided by operating activities	3,314	3,273	6,243	4,134	6,223
Available for sale securities	12,411	14,063	15,242	11,106	26,098
Other securities	546	263	360	2,347	975
Other invested assets	4,086	6,588	960	1,004	6,258
Divestitures, net	0	587	2,568	0	4,683
Maturities of fixed maturity securities available for sale	8,905	9,223	9,083	8,945	34,765
Principal payments received on and sales of mortgage and other loans receivable	1,304	1,007	1,265	1,886	8,267
Available for sale securities	−25,373	−22,990	−22,020	−19,396	−74,204
Other securities	−241	−267	−242	−804	−2,034
Other invested assets	−851	−557	−1,017	−684	−3,168
Mortgage and other loans receivable	−261	−470	−1,021	−612	−9,013
Net change in short-term investments	3,485	−1,538	−5,911	218	5,088
Other, net	−821	−66	−1,754	−1,097	−995
Net cash provided by (used in) investing activities - continuing operations	3,190	5,843	−2,487	2,913	—
Net cash used in investing activities - discontinued operations	0	−4,171	−4,534	−6,539	—
Net cash provided by (used in) investing activities	3,190	1,672	−7,021	−3,626	−3,280
Issuance of long-term debt	1,241	661	742	7,477	107
Purchase of common stock	−5,836	−6,652	−2,961	−5,200	−2,592
Redemption of preferred stock	0	−485	0	0	—
Dividends on preferred stock and preferred stock redemption premiums	0	−22	−29	−29	—
Dividends on common stock	−976	−1,002	−997	−982	−1,083
Other, net	129	605	2,846	1,369	1,222
Net cash used in financing activities - continuing operations	−6,543	−8,943	−2,748	−14,505	—
Net cash provided by financing activities - discontinued operations	0	3,880	3,530	13,903	—
Net cash provided by (used in) financing activities	−6,543	−5,063	782	−602	−3,679
Effect of exchange rate changes on cash and restricted cash	12	−83	−13	−117	−67
Net decrease in cash and restricted cash	−27	−201	−9	−211	−803
Interest	389	858	1,059	1,127	1,348
Taxes	330	708	984	746	862
Fixed maturity securities available for sale received in connection with pension risk transfer transactions attributed to discontinued operations	0	1,316	4,317	1,121	2,284
Fixed maturity securities and other invested assets received in connection with reinsurance transactions	0	256	110	110	161
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions	0	−148	−838	−224	−837
Non-cash consideration received from sale of Validus Re	0	0	290	—	—
Interest credited to policyholder contract deposits included in financing activities	0	2,416	4,501	3,676	3,642
Fee income debited to policyholder contract deposits included in financing activities	0	−1,426	−2,122	−1,694	−1,690

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Holdings (13F)

Portfolio as of 2026-01-14 · 3,124 positions

Reported AUM

$18.26B

Holdings

3.1K

Top sector

$18.26B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$18.26B	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
APPLE INC	—	5.05M	$881.52M	4.8%
MICROSOFT CORP	—	2.60M	$800.93M	4.4%
AMAZON.COM INC	—	144.3K	$470.31M	2.6%
TESLA INC	—	278.2K	$299.78M	1.6%
ALPHABET INC CL A	—	97.4K	$270.78M	1.5%
ALPHABET INC CL C	—	91.3K	$255.01M	1.4%
NVIDIA CORP	—	913.7K	$249.31M	1.4%
BERKSHIRE HATHAWAY INC CL B	—	505.8K	$178.49M	1.0%
META PLATFORMS INC CLASS A	—	789.6K	$175.57M	1.0%
UNITEDHEALTH GROUP INC	—	264.4K	$134.84M	0.7%