American International Group Inc
AIG - Insider Information
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+ FollowMarket Cap$43.61B
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Earnings Call Q2 2026
August 7, 2026 - AI Summary
Strong profitability + improving underwriting trend (good, supports outlook):
- Q2 2026: Adjusted after-tax income per diluted share $2 (+10% YoY); adjusted after-tax income $1.1B.
- Underwriting: Underwriting income $686M (+10% YoY). Accident year combined ratio 88.1% (-30 bps YoY); calendar combined ratio 89.0% (-30 bps YoY).
- Expense discipline: Accident year combined improvement attributed largely to a lower expense ratio (30.8% in Q2, improving ~20 bps YoY); trailing 12-month expense ratio 30.7%. Company reiterates it is on track to get GA expense ratio <30% for full-year 2027.
Growth + portfolio actions in a changing pricing cycle (mixed but constructive):
- Net premiums written: +9% (or +11% excluding North American Property); Global Commercial +9%, North America Commercial +9%, International Commercial +10%.
- Global Personal +8%, led by Accident & Health and high net worth, with multiple new client wins.
- Strategic transactions/new business: In Global Commercial, retention 88% and new business $1.9B (+37% YoY) including strategic deals.
North America property pressure continues—AIG is “selectively contracting” (bad/volatile but managed):
- Management described the market as moving from broad positive pricing to more selective, line-specific dynamics with capacity increases (E&S/MGAs/ILS/sidecars).
- Lexington property actions: Pricing pressure led to portfolio contraction; premium retention down ~9 percentage points in Lexington property in Q2.
- North America overall growth impact: Company says deliberate actions plus rate pressure reduced North America growth by 3+ percentage points.
- Opportunity angle: AIG claims property expertise/diversified global portfolio lets it retain business with acceptable terms and walk away from inadequate pricing.
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$123.45
51.1% upside
Current Fair Value
51.1% upsideUndervalued by 51.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $43.61 Billion |
|---|---|
| Enterprise Value | $52.04 Billion |
| Annual dividend | $1.90 |
| Dividend yield | 2.32% |
| Earnings per Share | $5.48 |
| Beta | 0.53 |
| Outstanding Shares | 533,799,999 |
Return
| Return on Equity | -2.72% |
|---|---|
| Return on Assets | -0.67% |
| Return on Invested Capital | 1.40% |
Valuation & Multiples
| P/E Ratio | 14.86 |
|---|---|
| PEG | 151.6 |
| Price to Sales | 81.7 |
| Price to Book Ratio | 1.08 |
| Enterprise Value to Revenue | 70.14 |
| Enterprise Value to EBIT | 22.88 |
| Enterprise Value to Net Income | -48 |
| Total Debt to Enterprise | 0.19 |
| Debt to Equity | 0.24 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$1.80
Consensus analyst estimateRevenue Estimate
$7.42 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 9, 2027
EPS Estimate
$2.10
Consensus analyst estimateRevenue Estimate
$7.56 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.06, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0560▼ 135.80% |
|---|---|
| Total Calls | 35,700▼ 97.46% |
| Total Puts | 2,000▼ 99.90% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.33%▼ 91.19% |
|---|---|
| Total Invested | $1.31B▼ 96.51% |
| Investors Holding | 392▼ 792.00% |
About American International Group Inc
2,020 employees
CEO: Robert Benmosche
American International Group, Inc. (AIG) operates globally and across North America, providing a diverse array of insurance solutions to businesses, institutions, and private individuals. AIG's General Insurance division delivers compreh...