EarningsQ2 2026 Earnings Report
MX:AIG Q2 2026 EPS Results
Actual EPS$33.88
Consensus EPS$32.51
Beat/MissBeat by +$1.37
One Year Ago EPS$30.66
MX:AIG Q2 2026 Revenue Results
Actual Revenue$120.02B
Expected Revenue$122.78B
Beat/MissMissed by -$2.75B
YoY Revenue Growth-0.08%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:AIG Upcoming Earnings
American International Group's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AIG Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong core underwriting results, improved combined ratios, double-digit segment and first-half premium growth, favorable reserve development, robust capital returns and progress on strategic priorities including AI and expense discipline. Offsetting items include continued property pricing pressure (notably in North America and Lexington), select reserve strengthening in excess casualty, catastrophe and geopolitical losses, weaker alternative investment returns, and higher acquisition ratios tied to business mix. Overall, results point to a company executing effectively across underwriting, capital management and technology while navigating line-specific competitive pressures.Company Guidance
Earnings and EPS Growth
Adjusted after-tax income was $1.1 billion and adjusted after-tax income per diluted share was $2, a 10% increase year-over-year, reflecting strong quarterly profitability.
Underwriting Income and Combined Ratio Improvement
Underwriting income was $686 million, up 10% year-over-year. General Insurance accident year combined ratio as adjusted improved 30 basis points year-over-year to 88.1% and the calendar year combined ratio improved 30 basis points to 89.0%.
Premium Growth and New Business Momentum
Net premiums written increased 9% year-over-year (11% excluding North American Property). First-half overall net premiums written grew 13%. In Global Commercial, retention was 88% and new business (including strategic transactions) was $1.9 billion, up 37% year-over-year.
Strong Global Personal Performance
Global Personal Insurance net premiums written increased 8% in the quarter. Underwriting income for the segment was $114 million (nearly $90 million higher year-over-year). The segment's accident year combined ratio as adjusted improved 490 basis points to 91.2% and calendar year combined ratio improved 560 basis points to 92.9%.
First Half Underwriting Strength
For the first half of 2026, General Insurance underwriting income increased 68% to $1.5 billion and the combined ratio for the first half was 88.1%, an improvement of 450 basis points versus the prior year.
Capital Return and Balance Sheet
Returned $904 million of capital to shareholders in Q2 (share repurchases $641 million; dividends $263 million). Debt outstanding ended at $9 billion and total debt to adjusted capital was 17.6%. Sold remaining Corebridge stake for $710 million, concluding the separation.
Investment Income and Yield Improvement
Second quarter total net investment income on an APTI basis was $908 million; General Insurance net investment income was $871 million (flat YoY). Average new money yield on core fixed income was roughly 60 basis points higher than sales/maturities and annualized yield was 4.72%, up 30 basis points year-over-year.
Favorable Prior-Year Reserve Development
Prior year development was $145 million favorable (including $146 million of net favorable loss reserve development), driven by U.S. workers' compensation ($177 million) and U.S. property & special risks ($79 million), supporting reserve confidence.
Expense Discipline and Operating Leverage
Trailing 12-month general insurance expense ratio was 30.7% with a target to reduce below 30% for full-year 2027. Nominal corporate GOE and other expenses were flat year-over-year while premiums grew ~5% (Q2), indicating operating leverage.
Strategic Execution and AI Investment
Management emphasized execution on five strategic priorities (underwriting performance, balance sheet/reinsurance, AI scaling, expense discipline, talent). Underwriting by AIG Assist and Claims by AIG Assist are scaling, improving submission throughput, speed of quoting and broker-level insights.
MX:AIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed