AIG Reports Higher Q3 Net Income of $844 Million and Maintains Dividend

American International Group reported third-quarter 2026 net income of $844 million, rising from $519 million in the same period last year. Revenue reached $7,443 million, with diluted earnings per share from continuing operations at $1.60. The company also reaffirmed its quarterly dividend of $0.50 per share, scheduled for payment on December 30, 2026.

On an operating basis, adjusted after-tax income reached $1.1 billion, or $2.06 per diluted share, while core operating return on equity came in at 11.1%. General Insurance net premiums written advanced 8% year over year, or 7% on a reported basis to $6.7 billion. Premium expansion was led by a 13% increase in international commercial lines and a 9% rise in global personal insurance, while North America commercial net premiums rose 2%.

Underwriting profitability experienced headwinds during the quarter. General Insurance underwriting income fell 29% to $564 million, and the calendar-year combined ratio widened to 91.3% from 86.8%. The company absorbed $283 million in catastrophe charges, which included $40 million linked to the Middle East conflict, while favorable prior-year reserve development slowed to $91 million from $180 million. Excluding catastrophes and reserve adjustments, the accident-year combined ratio stood at 88.4%.

Net investment income helped mitigate underwriting pressure, rising 9% within General Insurance to $1.0 billion, and totaling $1.1 billion on an adjusted pre-tax basis due to higher reinvestment yields. AIG returned $787 million to shareholders during the period, deploying $527 million for share repurchases and $260 million for dividends. Through the first nine months of 2026, cumulative shareholder returns totaled $2.5 billion.

Looking ahead, management reduced its full-year 2026 expectations for net premiums written growth to high single digits, down from a previous range of low-to-mid-teens. Chief Executive Eric Andersen stated that the company is prioritizing sustainable, profitable underwriting over specific volume targets amid softening property prices and competitive market conditions.