American International Group

AIG is a global property and casualty insurer focused on commercial and industrial risks—covering large corporations, financial institutions, and high-net-worth individuals against complex exposures that standard insurers avoid. After selling its life and retirement business (now Corebridge Financial) as a separate public company, AIG is now a leaner, more focused P&C operation writing specialty lines in aviation, marine, financial lines, and general liability across more than 70 countries.

AIG's post-2008 restructuring has been lengthy but has produced a meaningfully simpler business. The company's combined ratio improvement—spending less in claims and expenses relative to premiums—has been the primary earnings driver. Rising interest rates benefit AIG's investment portfolio, which generates significant income from its float. Commercial P&C pricing has been favorable, though catastrophe losses from severe weather events create periodic earnings volatility. The Corebridge spinoff sharpened the investment thesis considerably.

Chubb is the dominant global commercial P&C insurer and is the benchmark most analysts use to evaluate AIG's underwriting quality and pricing discipline. Zurich Insurance and Allianz compete internationally. In the US specialty and excess lines market, Liberty Mutual, Markel, and W.R. Berkley compete for similar risks. Travelers Companies overlaps in commercial property and casualty, though with more focus on the middle market than AIG's large corporate emphasis.

AIG reinstated its dividend following its restructuring and has paid a regular quarterly dividend since then. The level remains below what it was before the financial crisis, reflecting both the reduced scale of the business and management's preference for share repurchases as the primary capital return vehicle. The buyback program has been substantial given the company's view that its stock has traded below intrinsic value during much of its recovery period.

AIG last closed at $74.34, down 1.00% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $71.25 and a high of $88.07. The current price represents 18% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Among 26 analysts covering AIG, the consensus rating is Hold — 11 rate it a buy, 15 hold, and 0 sell. The average price target sits at $117.41, implying 58% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

American International Group generated $25.21B in revenue during fiscal year 2026, with $2.91B reaching the bottom line as net income. The net profit margin of 11.6% is solid for its sector.

AIG trades at a P/E ratio of 13.73 on trailing earnings of $5.42 per share. That's below the S&P 500 average, suggesting the market may see limited growth or is pricing in sector-specific risks. Comparing this multiple against Insurance sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: -14.04% (3M), -4.67% (6M), -11.42% (1Y), -11.78% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether AIG is outperforming or lagging the broader market.