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American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: North America Commercial, International Commercial, and Global Personal. The company offers commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; risk-sharing and other customized structured programs for large corporate and multinational customers; professional liability insurance; and marine, energy-related property insurance products, aviation, political risk, trade credit, and trade finance products. It also provides group personal accident and business travel products for employees, associations, and other organizations; voluntary and sponsor-paid personal accident and supplemental health products for individuals; and personal auto and homeowners in selected markets, comprehensive extended warranty, device protection insurance, home warranty and related services, and insurance for high net-worth individuals. In addition, the company offers mortgage and other loans receivable, such as commercial mortgages, life insurance policy loans, commercial loans, and other loans and notes receivable. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $26.8B | - | $3.1B | $3.3B | 7.5% | -1.8% | -320.5% |
| 2024 | $27.3B | - | $-1.4B | $3.3B | -3.3% | -2.4% | -138.5% |
| 2023 | $27.9B | - | $3.6B | $6.2B | 8.1% | -6.8% | -64.4% |
| 2022 | $30.0B | - | $10.2B | $4.1B | 25.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 29,975 | 27,938 | 27,270 | 26,774 |
| Operating Revenue | - | 29,975 | 27,938 | 27,270 | 26,774 |
| Selling General And Administration | - | 6,159 | 5,399 | 5,529 | 5,053 |
| Total Expenses | - | 26,208 | 25,071 | 23,404 | 22,895 |
| EBIT | - | 4,375 | 3,383 | 4,332 | 4,275 |
| Interest Income | - | 291 | 321 | 261 | 192 |
| Interest Expense | - | 603 | 516 | 462 | 396 |
| Net Interest Income | - | -603 | -516 | -462 | -396 |
| Other Income Expense | - | 34 | 6 | 7 | 11 |
| Interest Expense Non Operating | - | 603 | 516 | 462 | 396 |
| Net Non Operating Interest Income Expense | - | -603 | -516 | -462 | -396 |
| Pretax Income | - | 3,772 | 2,867 | 3,870 | 3,879 |
| Tax Provision | - | 882 | 126 | 1,170 | 782 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -106.70 | 0.35 | 181.80 | 17.37 |
| Net Income Continuous Operations | - | 2,890 | 2,741 | 2,700 | 3,097 |
| Net Income From Continuing And Discontinued Operation | - | 10,227 | 3,643 | -1,404 | 3,096 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,844 | 2,506 | 2,222 | 3,096 |
| Net Income | - | 10,227 | 3,643 | -1,404 | 3,096 |
| Net Income Common Stockholders | - | 10,198 | 3,614 | -1,426 | 3,096 |
| Net Income Including Noncontrolling Interests | - | 11,273 | 3,878 | -926 | 3,097 |
| Normalized Income | - | 2,193.30 | 2,498.35 | 1,801.80 | 3,027.37 |
| Diluted NI Availto Com Stockholders | - | 10,198 | 3,614 | -1,426 | 3,096 |
| Basic Average Shares | - | 778.62 | 719.50 | 606.16 | 565.08 |
| Diluted Average Shares | - | 787.94 | 725.20 | 657.30 | 570.35 |
| Reconciled Depreciation | - | 3,861 | 3,841 | 3,597 | 3,455 |
| Total Unusual Items | - | -456 | 8 | 602 | 86 |
| Total Unusual Items Excluding Goodwill | - | -456 | 8 | 602 | 86 |
| Preferred Stock Dividends | 29 | 29 | 29 | 22 | - |
| Minority Interests | - | -1,046 | -235 | -478 | -1 |
| Net Income Discontinuous Operations | - | 8,383 | 1,137 | -3,626 | 0 |
| Special Income Charges | - | -456 | 8 | 602 | 86 |
| Other Special Charges | - | 456 | -8 | -602 | -86 |
| General And Administrative Expense | - | 6,159 | 5,399 | 5,529 | 5,053 |
| Other Gand A | - | 6,159 | 5,399 | 5,529 | 5,053 |
| Other Operating Expenses | - | -16 | 231 | 23 | -1 |
| Loss Adjustment Expense | - | 15,461 | 15,393 | 14,567 | 14,162 |
| Net Policyholder Benefits And Claims | - | 15,461 | 15,393 | 14,567 | 14,162 |
| Policyholder Benefits Gross | 23,785 | 22,771 | 24,755 | - | - |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| American International Group, Inc.this co. | AIG | $38.9B | 12.58 | 0.95 | 7.5% | - |
| MSCI Inc. | MSCI | $45.0B | 37.44 | -16.96 | -45.3% | 26.42 |
| Coinbase Global, Inc. | COIN | $43.2B | 34.31 | 2.92 | 8.5% | 22.15 |
| Ares Management Corporation | ARES | $43.0B | 81.62 | 15.29 | 18.7% | 24.30 |
| Ameriprise Financial, Inc. | AMP |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $40.9B |
| 11.48 |
| 6.25 |
| 54.4% |
| - |
| PayPal Holdings, Inc. | PYPL | $37.7B | 7.21 | 1.86 | 25.8% | 4.84 |
| Prudential Financial, Inc. | PRU | $35.9B | 10.15 | 1.11 | 10.9% | - |
| The Hartford Insurance Group, Inc. | HIG | $34.9B | 9.15 | 1.84 | 20.1% | - |
| Huntington Bancshares Incorporated | HBAN | $33.5B | 15.16 | 1.55 | 10.2% | - |
| Peer Median | - | 13.32 | 1.85 | 14.8% | 23.23 | |