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American International Group Inc
F:AINN

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American International Group Inc
F:AINN
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Price: 65.34 EUR 0.71% Market Closed
Market Cap: €43.4B

American International Group Inc
Investor Relations

American International Group, or AIG, is a global insurance company. It sells property and casualty insurance for businesses and individuals, as well as life insurance and retirement products. Its customers include companies that need coverage for risks such as liability, accidents, and property damage, along with people and employers looking for protection, savings, and retirement-related insurance products. AIG makes money mainly by collecting premiums upfront and then paying claims later if covered losses happen. It also earns investment income by investing the premiums it holds before claims are paid. That basic model makes insurance different from many other businesses: the company is paid before it knows the full cost of the service it will ultimately provide. AIG also stands out because it serves large, complex commercial clients around the world, not just individual consumers. It acts as a risk manager for businesses that want coverage for hard-to-insure events, and it also sells retirement and life products through insurance channels. In simple terms, AIG helps customers transfer financial risk to an insurer that can pool and manage that risk across many policyholders.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 1, 2026
AI Summary
Q1 2026

Strong start: AIG said first quarter 2026 was its strongest first quarter since Peter Zaffino joined the company, with General Insurance net premiums written up 18% and adjusted after-tax income per share up 80%.

Underwriting improved: General Insurance underwriting income more than tripled to $774 million, helped by lower catastrophe losses, better accident year results and favorable prior-year reserve development.

Capital return: AIG returned $760 million to shareholders in the quarter and raised its quarterly dividend 11% to $0.50 per share starting in the second quarter.

Property pressure: Management said U.S. large-account property remains under heavy pricing pressure and Lexington large account is being contracted, while international property and middle-market areas remain stronger.

AI push: AIG expanded its AI underwriting tools across 8 lines of business and said new agentic AI work with Palantir and Anthropic is now being tested to improve decisions and reduce costs over time.

CEO transition: Eric Andersen, set to become CEO on June 1, said he strongly supports the current strategy and sees the next 12 to 24 months as focused on execution rather than major strategic change.

Key Financials
Adjusted pretax income
$1.5 billion
Underwriting income
$774 million
General Insurance gross premiums written
$10 billion
General Insurance net premiums written
$5.6 billion
General Insurance net premiums earned
$6.1 billion
General Insurance accident year combined ratio
86.6%
General Insurance expense ratio
29.3%
General Insurance accident year loss ratio
57.3%
General Insurance calendar year combined ratio
87.3%
North America Commercial net premiums written
36% growth
International Commercial net premiums written
12% growth
Global Commercial new business
$1.6 billion
Global Commercial retention
88%
North America Commercial retention
88%
International Commercial retention
89%
Global Personal Insurance net premiums written
11% growth
Global Personal Insurance expense ratio
decreased 410 basis points
Global Personal Insurance accident year combined ratio
89.9%
Global Personal Insurance calendar year combined ratio
89.4%
Adjusted after-tax income per diluted share
$2.11
Core operating ROE
12.2%
Capital returned to shareholders
$760 million
Share repurchases
$519 million
Dividends
$241 million
Quarterly dividend
$0.50 per share
Total debt to total adjusted capital ratio
17.7%
Corebridge equity interest
approximately 5.6%
General Insurance net investment income
$864 million
Annualized yield on core fixed income portfolio
4.61%
Catastrophe losses
approximately $180 million
Book value per share
$75.82
Adjusted tangible book value per share
$70.85
Other Operations net investment income and other
$30 million to $40 million
Private credit direct lending exposure
about $1.2 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Peter Salvatore Zaffino
Chairman, CEO & President

Peter Salvatore Zaffino is a prominent executive in the insurance industry, currently serving as the CEO of American International Group, Inc. (AIG). Joining AIG in 2017, he initially took on the role of Executive Vice President and Global Chief Operating Officer. In 2019, he was appointed President of AIG, reflecting his significant impact on the company's strategic direction and operations. Zaffino's career spans various leadership positions, especially in the insurance and reinsurance sectors. Before his tenure at AIG, he was with Marsh & McLennan Companies, where he served as Chief Executive Officer of Marsh, LLC. Under his leadership, these companies saw substantial growth and transformation. He also led Guy Carpenter, another key subsidiary of Marsh & McLennan, enhancing its global footprint and service offerings. His educational background includes an MBA from New York University’s Leonard N. Stern School of Business and a Bachelor's degree in Economics from Boston College. With a reputation for strong leadership and strategic vision, Zaffino has played a crucial role in reinventing AIG’s core businesses, focusing on modernization, efficiency, and improved client relations. His efforts have been pivotal in strengthening AIG’s market position and competitiveness.

Mr. Claude E. Wade
Executive VP, Chief Digital Officer and Global Head of Business Operations & Claims

Claude E. Wade is known for his leadership role at American International Group, Inc. (AIG), where he serves as an executive officer. With a career spanning over two decades in the insurance and financial services industry, Wade has been instrumental in driving strategic initiatives and operational excellence within AIG. Before joining AIG, Wade held several senior positions across renowned firms, gaining extensive experience in strategy development, operations, and customer service. His expertise encompasses a wide array of areas, including business transformation, process improvement, and technology integration. At AIG, Claude E. Wade is recognized for his focus on enhancing customer experiences and streamlining organizational processes. His leadership style emphasizes innovation, efficiency, and collaboration, aligning closely with AIG's goals of delivering value to its clients and stakeholders. Wade's educational background and professional qualifications underscore his proficiency in the field. He is involved in numerous industry forums and continues to contribute to the broader financial services community through his insight and leadership. His role at AIG marks a significant part of his career dedicated to fostering growth and adaptability in a competitive market environment.

Mr. Keith Francis Walsh
Executive VP & CFO
No Bio Available
Ms. Elaine Ann Rocha
Global Chief Investment Officer

Elaine Ann Rocha is a senior executive with significant contributions in the insurance industry, particularly with American International Group Inc. (AIG), where she has held the position of Global Chief Operating Officer of AIG's Reinsurance Purchasing division. In her role, Rocha has overseen key operations within the company, focusing on optimizing and managing reinsurance strategies to support AIG's global insurance business. Her responsibilities have included streamlining reinsurance processes and enhancing operational efficiencies to ensure that AIG's reinsurance purchasing aligns with its broader risk management and financial strategies. Rocha is known for her expertise in this area, and her leadership has been pivotal in helping AIG navigate complex insurance markets worldwide. With a legal background, Elaine Ann Rocha has also contributed to AIG's operations by leveraging her understanding of legal and regulatory environments, strengthening compliance, and fostering sustainable practices. Her role has been instrumental in fortifying AIG's position in the global insurance industry.

Ms. Kathleen Carbone
VP & Chief Accounting Officer
No Bio Available
Mr. Roshan Navagamuwa
Executive VP & Chief Information Officer

Roshan Navagamuwa is an accomplished executive known for his role as the Chief Information Officer (CIO) at American International Group, Inc. (AIG). In his position, he is responsible for leading the company's global information technology strategy and ensuring the robust and secure operation of its IT infrastructure. Navagamuwa has a strong background in technology and operational leadership, bringing significant experience to AIG. Before his current role, he held various leadership positions in major corporations where he was instrumental in driving digital transformation and enhancing IT capabilities. His expertise spans across areas such as IT strategy, systems implementation, and operational optimization. Throughout his career, Navagamuwa has been recognized for his ability to align technology initiatives with business objectives, fostering innovation while maintaining high standards of security and efficiency. His leadership has been pivotal in modernizing AIG's technological framework to support its diverse range of insurance and financial services globally. Navagamuwa holds advanced degrees in his field and is known for his commitment to developing talent and promoting a culture of collaboration and continuous improvement within the organizations he serves. His impact on AIG underscores his pivotal role in steering one of the world's leading insurance organizations towards a more technologically sophisticated future.

Ms. Melissa Twiningdavis
Executive VP & Chief Administrative Officer

Melissa Twiningdavis has had a prominent career at American International Group, Inc. (AIG), where she has been involved in various leadership roles focusing on technology and business solutions. She has played a crucial role in driving digital transformation and technological innovation across the organization. Her work involves overseeing the implementation of advanced technology solutions to streamline operations, enhance customer experiences, and improve overall efficiency. Twiningdavis has a strong background in technology and business management, and her expertise has been instrumental in aligning AIG's technological capabilities with its strategic business objectives. Her leadership has helped in fostering a culture of innovation and agility within the company. Throughout her tenure at AIG, Melissa has been recognized for her ability to lead complex projects and her commitment to leveraging technology to solve business challenges. Her contributions have been vital in positioning AIG as a leader in the insurance industry, particularly in terms of adopting cutting-edge technologies and practices.

Mr. Quentin John McMillan
VP, MD & Head of Investor Relations
No Bio Available
Ms. Karen Nelson
Chief Compliance Officer

Karen Nelson serves as the Chief Administrative Officer at American International Group, Inc. (AIG). In this role, she is responsible for overseeing the company's administrative functions, which includes areas such as operations, technology, and corporate services. Nelson plays a key part in streamlining processes and ensuring efficiency across AIG's global operations. Her leadership focuses on enhancing operational effectiveness to support the company's strategic initiatives. With a background in management and organizational leadership, she contributes significantly to the company’s efforts in improving administration and operational performance.

Ms. Rose Marie E. Glazer J.D.
Executive VP & General Counsel

Ms. Rose Marie E. Glazer, J.D., serves as an Executive Vice President and the General Counsel at American International Group, Inc. (AIG). In her role, she is responsible for overseeing AIG's global legal, compliance, and regulatory functions, ensuring that the company adheres to legal standards across diverse jurisdictions. Ms. Glazer joined AIG with a wealth of experience in legal and compliance matters, having previously held significant leadership roles. Before AIG, she served as Deputy General Counsel and Corporate Secretary at another major corporation, demonstrating her extensive expertise in corporate governance and legal affairs. Throughout her career, Ms. Glazer has been recognized for her leadership skills and commitment to ethical standards in business practices. Her background in law, combined with her strategic approach to legal challenges, makes her an asset to AIG's executive team. She holds a Juris Doctor degree, showcasing her strong academic and professional foundation in law.

Contacts

Address
NEW YORK
New York City
1271 Ave Of The Americas, Fl 37
Contacts
+12127707000.0
www.aig.com
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