AMERICAN INTERNATIONAL GROUP, INC. Earnings Summary — Q1 2026

• Net income attributable to common shareholders reached $763 million, marking a 9.3% year-over-year increase despite shifting corporate structures.
• Total revenue showed a slight year-over-year decline of 1.96%, reflecting the broader trend of deconsolidation and asset sales.
• Operating income saw a strong sequential recovery to $1.21 billion from $738 million in Q4 2025, suggesting improved underwriting performance.
• Insurance benefits and claims remained relatively stable at $3.48 billion compared to $3.48 billion in the prior quarter.
• AIG has successfully reduced its total assets and balance sheet complexity, moving from a global conglomerate to a focused General Insurance entity.
• The de-risking strategy under the 'AIG 200' program is manifesting in lower operating expenses, with costs down significantly from late 2024 levels.

Management remains focused on underwriting excellence and reducing catastrophe volatility through the 'AIG 200' transformation program, aiming for sustainable ROE targets.

Improving

While revenue is lower due to divestitures, the stability of net income and the recovery in operating income suggest the leaner corporate structure is becoming more efficient.

The company's outlook is centered on its transition to a pure-play General Insurance provider, with a continued emphasis on capital flexibility and share buybacks as Corebridge separation stabilizes.