American International Group earnings date
American International Group (AIG) Q3 2026 Earnings Report
MX:AIG Q3 2026 EPS Results
- Actual EPS
- MXN 38.32
- Consensus EPS
- MXN 35.00
- Beat/Miss
- Beat by +MXN 3.31
- One Year Ago EPS
- MXN 40.92
MX:AIG Q3 2026 Revenue Results
- Actual Revenue
- MXN 138.44B
- Expected Revenue
- MXN 137.95B
- Beat/Miss
- Beat by +MXN 484.49M
- YoY Revenue Growth
- +17.19%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/03/2026
- Time
- After Close
- Conference Call
- Tuesday, November 3, 2026
American International Group's next earnings date is estimated for February 16, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive. AIG reported strong profitability, premium growth, improved underwriting results, higher investment income, substantial capital returns, and progress against its Investor Day objectives. Management also described meaningful growth opportunities in specialty, personal insurance, international markets, data centers, and AI. These positives were partly offset by reduced premium-growth expectations, pricing and capacity pressure in North American property and E&S, elevated casualty loss trends, catastrophe losses, and a year-over-year decline in adjusted pretax income.
AIG stepped back from the low to mid teens net premiums written growth expectation shared in February, but continued to expect an excellent year of growth for the full year of 2020; management said fourth-quarter growth looked very similar to the third quarter, with global personal accident and health delivering another high single digit growth quarter. Subject to market conditions, AIG expects its full year 2026 expense ratio to be approximately 30.5% and remains on track to reduce the general insurance expense ratio below 30% for full year 2027; fourth-quarter buybacks are expected to be at a similar level to the third quarter, bringing full year share repurchases to approximately $2.2 billion. For the fourth quarter, core fixed income is expected to continue to show growth, alternatives should be closer to the long term expected return, and other invested assets should produce modest income, subject to market conditions. AIG said it is in the 10% to 13% ROE range at Investor Day and wants to improve in that range and continue to do so well beyond the 3 year guidance.
- Strong Third-Quarter ProfitabilityThird-quarter adjusted after-tax income per diluted share was $2.60, adjusted after-tax income was $1.1 billion, core operating ROE was 11.1%, underwriting income was $564 million, and accident year underwriting income excluding catastrophes was $756 million.
- Improved Nine-Month PerformanceFor the first nine months of 2026, net premiums written grew 11%, underwriting income exceeded $2 billion, the calendar-year combined ratio improved 140 basis points to 89.2%, the accident-year combined ratio excluding catastrophes improved 50 basis points to 87.7%, and core operating ROE improved 50 basis points to 11.4%.
- Broad-Based Premium GrowthThird-quarter net premiums written increased 8% year over year, or 10% excluding North America property. Global commercial insurance grew 7%, international commercial insurance grew 13%, and global personal insurance grew 9%, driven by growth in high net worth and accident and health.
- Growth in North America Commercial InsuranceNorth America commercial net premiums written increased 2% year over year, driven by retail casualty and financial lines; excluding property, net premiums written increased 6%.
- Strong Underwriting Margins and Expense DisciplineThe third-quarter accident-year combined ratio excluding catastrophes was 88.4%, while the calendar-year combined ratio was 91.3%. The expense ratio improved 30 basis points to 30.6%, and the general operating expense ratio improved 50 basis points to 12.4%. AIG expects the full-year 2026 expense ratio to be approximately 30.5% and remains on track to reduce it below 30% for full-year 2027.
- International Commercial and Global Personal ImprovementsInternational commercial's accident-year combined ratio excluding catastrophes improved 20 basis points year over year to 85.8%. Global personal underwriting income increased $35 million, or 44%, to $114 million, while its accident-year combined ratio excluding catastrophes improved 190 basis points to 93.6%.
- Favorable Reserve DevelopmentAIG recorded $91 million of favorable prior-year development, including $85 million of net favorable loss reserve development, $26 million of ADC amortization, and $20 million of prior-year return premiums. Favorable development was observed across all three segments.
- Growing Net Investment IncomeThird-quarter net investment income on an adjusted pretax income basis increased 5% year over year to $1.1 billion. General insurance net investment income increased 9% to $1 billion, and since the end of 2024, general insurance net investment income grew 19% to $3.6 billion on a trailing 12-month basis.
- Higher Investment Yields and Asset GrowthNearly 90% of the core fixed-income portfolio turned over during the last two years, contributing over two-thirds of net investment income growth. The average new-money yield was 5.6%, the global core fixed-income portfolio yield was 4.86%, up 28 basis points year over year, and general insurance invested assets increased 7% since the end of 2024.
- Capital Returns and Balance-Sheet StrengthAIG returned $787 million to shareholders in the third quarter, including $527 million of share repurchases and $260 million of dividends. Through the first nine months, it returned $2.5 billion, including $1.7 billion of share repurchases and $764 million of dividends. Adjusted book value per share and adjusted tangible book value per share each increased 5% year over year to $81.25 and $73.37, respectively.
- Progress Against Investor Day ObjectivesSince the 2025 Investor Day, adjusted EPS increased more than 60% on a trailing 12-month basis, adjusted book value per share increased 10%, core operating ROE improved 32 basis points, adjusted ROE improved 93 basis points, and the quarterly dividend increased 25%.
- Targeted Growth in Specialty and Data-Center InsuranceAIG is combining teams across the company to support AI and digital-infrastructure projects. Construction has become one of the fastest-growing lines within global specialty, and AIG offers multiline data-center coverage spanning marine cargo, cyber, property, casualty, political violence, and terrorism.
- Expansion in Personal Insurance and International MarketsAIG reported meaningful new-business wins in accident and health by leveraging its global commercial and multinational relationships. Growth in Japan reflected continued strength in personal lines and expansion in commercial insurance. AIG also closed the acquisition of Everest Colombia and announced the acquisition of Everest Chile, which is expected to close in the first half of 2027 subject to regulatory approvals.
- Strong Retail Casualty and International Property OpportunitiesNorth America retail casualty delivered double-digit premium growth through targeted new business, disciplined pricing, and 92% retention. International property offered a more favorable environment than North America, with double-digit organic new-business growth overall.
- Talent, Organizational, and Technology InitiativesEmployee retention was above 91% in 2026, and 95% of employees reported that their work makes a difference for clients. AIG welcomed more than 2.1 thousand new colleagues, while its early-careers program attracted more than 25 thousand applicants worldwide. Beginning in 2027, AIG plans to streamline executive reporting lines and combine technology, data, digital, and AI teams into one organization.
- AI Deployment and Risk ManagementAIG is studying AI-related exposures, including regulatory risks and risks associated with large language models, while working with external partners and industry groups. Internally, AI-powered underwriting tools are helping underwriters review more submissions and generate quotes faster, while Claims Assist is helping adjusters respond faster to clients.
MX:AIG Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 16, 2027 | 2026 (Q4) | 38.37- | 36.46 | ― | ― |
| Nov 03, 2026 | 2026 (Q3) | 35.0038.32 | 40.92 | -6.36% (-2.60) | |
| Aug 06, 2026 | 2026 (Q2) | 35.6937.20 | 33.67 | 10.50% (+3.53) | |
| Apr 30, 2026 | 2026 (Q1) | 34.9739.25 | 21.76 | 80.34% (+17.48) | |
| Feb 10, 2026 | 2025 (Q4) | 35.3436.46 | 24.18 | 50.77% (+12.28) | |
| Nov 04, 2025 | 2025 (Q3) | 31.9540.92 | 22.88 | 78.86% (+18.04) | |
| Aug 06, 2025 | 2025 (Q2) | 29.7833.67 | 21.58 | 56.03% (+12.09) | |
| May 01, 2025 | 2025 (Q1) | 18.6221.76 | 32.92 | -33.90% (-11.16) | |
| Feb 11, 2025 | 2024 (Q4) | 22.9724.18 | 33.29 | -27.37% (-9.11) | |
| Nov 04, 2024 | 2024 (Q3) | 20.5022.88 | 29.95 | -23.60% (-7.07) |
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.
