American International Group, Inc. (AIG) Key Metrics
AIG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $42.22B
- Enterprise value
- $47.16B
- P/E (TTM)
- 14.8 10-yr median 13.5
- Forward P/E
- 8.5
- PEG ratio
- 0.64
- Price / sales
- 1.6 10-yr median 1.2
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- —
- Dividend yield
- 2.48% $2.00 a year
- Beta
- 0.53
AIG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAIG valuation Price multiples at each fiscal year-end price.
AIG returns How much profit the business earns on the capital it uses.
AIG per-share figures Results divided by the shares outstanding at year-end.
AIG financial health Debt, liquidity and how easily interest is covered.
AIG efficiency & capital use Working capital cycle and where the cash goes.
AIG valuation history
AIG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AIG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AIG cash returned to shareholders
AIG price vs earnings per share
AIG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $48.79B | $47.85B | $49.13B | $49.83B | $49.18B | $32.91B | $45.66B | $35.87B | $55.44B | $71.26B |
| Enterprise value | $19.57B | −$22.94B | −$19.66B | −$131.68B | −$172.58B | −$177.12B | −$184.63B | −$170.14B | −$162.37B | −$153.54B |
| P/E ratio | 15.8 | — | 13.5 | 4.9 | 4.7 | — | 13.6 | — | — | — |
| Price / sales | 1.8 | 1.8 | 1.8 | 1.7 | 0.9 | 0.8 | 0.9 | 0.8 | 1.1 | 1.4 |
| Price / book | 1.2 | 1.1 | 1.1 | 1.2 | 0.1 | 0.1 | 0.1 | 0.6 | 0.8 | 0.9 |
| Price / free cash flow | 14.7 | 14.6 | 7.9 | 11.8 | 8.9 | 11.5 | — | — | — | 20.3 |
| Price / operating cash flow | 14.7 | 14.6 | 7.9 | 11.8 | 7.8 | 31.7 | — | — | — | 20.3 |
| EV / sales | 0.7 | -0.8 | -0.7 | -4.4 | -3.3 | -4.0 | -3.7 | -3.6 | -3.3 | -2.9 |
| EV / EBITDA | 2.5 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 5.9 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 6.3% | −2.9% | 7.4% | 20.5% | 21.1% | −18.1% | 7.3% | −0.0% | −11.0% | −1.2% |
| Free cash flow yield | 6.8% | 6.8% | 12.7% | 8.4% | 11.3% | 8.7% | −10.1% | −1.1% | −14.1% | 4.9% |
| Dividend yield | 2.0% | 2.1% | 2.1% | 2.0% | 2.3% | 3.4% | 2.5% | 3.2% | 2.1% | 1.9% |
| Shareholder yield (dividends + buybacks) | 14.0% | 17.1% | 8.1% | 12.5% | 7.5% | 5.0% | 3.6% | 8.0% | 13.4% | 18.0% |
| Share price at fiscal year-end | $85.55 | $72.80 | $67.75 | $63.24 | $56.86 | $37.86 | $51.33 | $39.41 | $59.58 | $65.31 |
| Per share | ||||||||||
| Revenue per share | $46.95 | $41.49 | $38.55 | $38.04 | $60.11 | $50.43 | $55.98 | $52.17 | $53.66 | $48.35 |
| Earnings per share | $5.43 | −$2.14 | $5.02 | $12.98 | $11.99 | −$6.84 | $3.76 | −$0.01 | −$6.54 | −$0.78 |
| Operating cash flow per share | $5.81 | $4.98 | $8.61 | $5.34 | $7.26 | $1.19 | −$1.04 | −$0.43 | −$8.40 | $3.21 |
| Free cash flow per share | $5.81 | $4.98 | $8.61 | $5.34 | $6.40 | $3.28 | −$5.19 | −$0.43 | −$8.40 | $3.21 |
| Cash per share | $67.35 | $121.28 | $109.82 | $305.32 | $338.49 | $336.50 | $300.36 | $265.82 | $270.52 | $234.36 |
| Book value per share | $72.14 | $64.69 | $62.53 | $53.60 | $654.36 | $631.47 | $550.54 | $62.97 | $70.61 | $70.44 |
| Tangible book value per share | $62.42 | $56.42 | $54.44 | $27.91 | $636.51 | $614.43 | $532.07 | $43.51 | $56.97 | $58.92 |
| Dividends per share | $1.71 | $1.56 | $1.41 | $1.28 | $1.29 | $1.30 | $1.28 | $1.25 | $1.26 | $1.26 |
| Capex per share | $0.00 | $0.00 | $3.73 | $0.00 | $0.86 | $2.09 | $4.15 | $6.61 | $3.90 | $4.19 |
| Debt per share | $16.12 | $13.57 | $14.97 | $74.96 | $82.09 | $94.89 | $41.47 | $39.48 | $36.46 | $28.33 |
| Shares outstanding | 570.3M | 657.3M | 725.2M | 787.9M | 864.9M | 869.3M | 889.5M | 910.1M | 930.6M | 1.09B |
| Change in shares outstanding | −13.2% | −9.4% | −8.0% | −8.9% | −0.5% | −2.3% | −2.3% | −2.2% | −14.7% | −18.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.4% | −3.2% | 8.3% | 3.4% | 1.9% | −1.1% | 1.2% | −0.0% | −8.5% | −1.0% |
| Return on invested capital (ROIC) | — | — | — | — | 3.2% | −1.9% | 7.4% | — | — | — |
| Return on assets (ROA) | 1.9% | −0.4% | 0.7% | 1.8% | 1.8% | −1.1% | 0.7% | −0.0% | −1.2% | −0.2% |
| Return on tangible assets | 2.0% | −0.9% | 0.7% | 2.0% | 1.8% | −1.0% | 0.7% | −0.0% | −1.3% | −0.2% |
| Free cash flow margin | 12.4% | 12.0% | 22.3% | 14.0% | 10.6% | 6.5% | −9.3% | −0.8% | −15.7% | 6.6% |
| Income quality (OCF / net income) | 1.07 | — | 1.71 | 0.41 | 0.61 | — | −0.28 | — | — | — |
| Financial health | ||||||||||
| Total debt | $9.19B | $8.92B | $10.86B | $59.06B | $71.00B | $82.49B | $36.89B | $35.93B | $33.92B | $30.91B |
| Cash & short-term investments | $38.41B | $79.72B | $79.65B | $240.57B | $292.76B | $292.53B | $267.17B | $241.94B | $251.74B | $255.71B |
| Net debt | −$29.22B | −$70.79B | −$68.79B | −$181.51B | −$221.75B | −$210.04B | −$230.29B | −$206.01B | −$217.81B | −$224.79B |
| Debt / equity | 0.22 | 0.21 | 0.24 | 1.40 | 0.13 | 0.15 | 0.08 | 0.63 | 0.52 | 0.40 |
| Debt / assets | 0.06 | 0.06 | 0.02 | 0.11 | 0.12 | 0.14 | 0.07 | 0.07 | 0.07 | 0.06 |
| Net debt / EBITDA | −3.78 | −8.93 | −9.52 | −22.04 | −11.55 | — | −22.37 | −36.66 | −40.79 | −55.97 |
| Current ratio | 0.85 | 1.28 | 1.26 | 1.20 | 63.44 | 50.02 | 6.62 | 0.63 | 0.12 | 0.12 |
| Quick ratio | 0.85 | 1.28 | 3.52 | 4.67 | 71.31 | 57.52 | 7.56 | 0.72 | 0.74 | 0.77 |
| Interest coverage | 9.8 | 8.4 | 5.5 | 6.2 | 10.2 | -5.0 | 3.7 | 0.2 | 1.3 | -0.1 |
| Working capital | −$15.05B | $27.85B | $26.94B | $10.30B | $300.36B | $297.78B | $235.56B | −$148.13B | −$351.72B | −$343.64B |
| Invested capital | $11.92B | −$28.27B | −$23.44B | −$139.28B | $344.19B | $338.91B | $259.43B | −$148.70B | −$152.11B | −$147.94B |
| Tangible asset value | $35.62B | $37.11B | $45.43B | $21.99B | $550.51B | $534.13B | $473.28B | $39.60B | $53.01B | $64.29B |
| Net current asset value | −$32.48B | $10.12B | −$358.65B | −$422.42B | $275.00B | $266.32B | $242.10B | −$181.73B | −$382.82B | −$374.00B |
| Graham number | $93.87 | — | $84.07 | $125.11 | $420.10 | — | $215.93 | — | — | — |
| Graham net-net per share | −$78.62 | −$3.39 | −$671.06 | −$410.72 | $292.50 | $276.88 | $247.15 | −$222.45 | −$318.24 | −$261.11 |
| Capital allocation | ||||||||||
| Dividends paid | $976.0M | $1.02B | $1.03B | $1.01B | $1.11B | $1.13B | $1.14B | $1.14B | $1.17B | $1.37B |
| Share buybacks (net) | $5.84B | $7.14B | $2.96B | $5.20B | $2.59B | $500.0M | $485.0M | $1.74B | $6.28B | $11.46B |
| Dividend payout ratio | 31.5% | — | 28.2% | 9.9% | 10.7% | — | 33.9% | — | — | — |
| Dividends + buybacks / free cash flow | 205.6% | 249.3% | 63.9% | 147.6% | 66.9% | 57.2% | — | — | — | 366.4% |
| Capex / revenue | 0.0% | 0.0% | 9.7% | 0.0% | 1.4% | 4.1% | 7.4% | 12.7% | 7.3% | 8.7% |
| Capex / operating cash flow | 0.0% | 0.0% | 43.4% | 0.0% | 11.9% | 174.9% | — | — | — | 130.7% |
| Capex / depreciation | 0.00 | 0.00 | 0.71 | 0.00 | 0.16 | 0.44 | 0.74 | 1.12 | 0.94 | 1.12 |
| Stock-based compensation / revenue | — | — | 0.7% | 1.0% | 0.5% | 0.6% | 0.6% | 0.7% | 0.7% | 0.4% |
| SG&A / revenue | 18.9% | 20.3% | 19.3% | 20.5% | 16.8% | 19.2% | 17.1% | 19.6% | 18.2% | 20.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 669.6 | 661.1 | 410.7 | 156.2 | 83.3 | 89.9 | 78.0 | 81.7 | 75.7 | 75.8 |
| Days of inventory on hand | — | — | -3,176.9 | -1,745.8 | -477.6 | -1,824.5 | -1,506.3 | -5,477.0 | -9,588.8 | -4,281.2 |
| Days payables outstanding | 119.7 | 124.5 | 283.2 | 879.0 | 897.3 | 3,350.8 | 3,238.3 | 3,147.8 | 2,981.3 | 1,298.7 |
| Cash conversion cycle (days) | 549.9 | 536.6 | -3,049.4 | -2,468.7 | -1,291.6 | -5,085.4 | -4,666.6 | -8,543.1 | -12,494.4 | -5,504.1 |
| Receivables turnover | 0.55 | 0.55 | 0.89 | 2.34 | 4.38 | 4.06 | 4.68 | 4.47 | 4.82 | 4.81 |
| Payables turnover | 3.05 | 2.93 | 1.29 | 0.42 | 0.41 | 0.11 | 0.11 | 0.12 | 0.12 | 0.28 |
| Asset turnover | 0.17 | 0.08 | 0.05 | 0.05 | 0.09 | 0.08 | 0.10 | 0.10 | 0.10 | 0.11 |
| Average receivables | $49.12B | $49.39B | $31.46B | $12.83B | $11.87B | $10.80B | $10.64B | $10.63B | $10.36B | $10.96B |
| Average payables | $5.75B | $6.14B | $18.30B | $54.70B | $78.37B | $78.02B | $80.98B | $81.02B | $77.73B | $38.54B |
| Average inventory | — | — | −$205.31B | −$108.65B | −$41.71B | −$42.48B | −$37.67B | −$140.96B | −$250.02B | −$127.04B |
| Intangibles / total assets | 3.4% | 3.4% | 1.1% | 3.8% | 2.6% | 2.5% | 3.1% | 3.6% | 2.5% | 2.5% |
Computed from AIG's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AIG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), AIG traded at 15.8 times earnings, against a 10-year median of 13.5. Based on the latest twelve months, the trailing P/E is 14.8 and the forward P/E is 8.5. AIG earned a return on equity of 7.4% in fiscal 2025. It ended the year with $9.2 billion of debt and $38.4 billion in cash and short-term investments, a net cash position of $29.2 billion. It returned $6.8 billion to shareholders: $976.0 million in dividends and $5.8 billion in share buybacks, 206% of free cash flow. The share count fell 47.7% from 1.09B to 570.3M over 9 years.
See the AIG income statement, the AIG chart for price history, or the AIG stock overview for the latest quote and news.
AIG key metrics FAQ
What is AIG's P/E ratio?
AIG's trailing P/E ratio is 14.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.5. At the end of fiscal 2025 it was 15.8, compared with a 10-year median of 13.5.
What is AIG's EV/EBITDA?
AIG's enterprise value was 2.5 times EBITDA at the end of fiscal 2025 (enterprise value $19.6 billion, EBITDA $7.7 billion).
What is AIG's return on equity?
AIG's return on equity (ROE) was 7.4% in fiscal 2025: net income of $3.1 billion on average shareholders' equity of $41.8 billion.
How much debt does AIG have?
AIG had total debt of $9.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and more cash than debt.
What is AIG's dividend yield?
AIG's forward dividend yield is 2.48%. AIG paid $976.0 million in dividends in fiscal 2025 ($1.71 per share), a payout ratio of 31.5%.
Does AIG buy back its shares?
Yes. AIG spent $5.8 billion on net share repurchases in fiscal 2025 Shares outstanding changed −13.2% over the year, to 570.3M..
What is AIG's free cash flow yield?
AIG generated $3.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 6.8% on its market value at year-end ($48.8 billion).
What is AIG's current ratio?
AIG's current ratio was 0.85 at the end of fiscal 2025: current assets were 0.85 times current liabilities.