American International Group, Inc. (AIG) Earnings Call Transcripts

American International Group, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, American International Group, Inc. (AIG) reported adjusted after-tax income of $1.1 billion, translating to $2.00 per diluted share, marking a 10% year-over-year increase. Revenue from net premiums written rose 9%, driven by organic growth in high-performing segments, while underwriting income also increased by 10% to $686 million. Management maintained its guidance for premium growth in the low to mid-teens for the full year, signaling a cautious but optimistic outlook amid a competitive pricing environment.

Reported metrics

Guidance from management

Management maintained its premium growth guidance for the full year at low to mid-teens, indicating a cautious outlook amid competitive pressures in the property segment.

What management said

Meyer, thanks for the question. Listen, I think there's been a lot of talk around social inflation and litigation funding and all the aspects that have been driving everything from nuclear verdicts to just overall cost increases. I would say there's been some efforts in some states, whether it was North Carolina, around litigation funding, New York on auto reform, all good green shoots. But ultimately, we haven't see...

Thanks, Jon. And maybe just to put a bow on that topic. It does in this market and with our diversified portfolio gives us a chance to play both offense and defense under different market environments. And we're focused on converting these advantages, but profitability is always the North Star, and we want to make sure as we grow, we're growing in a smart prudent way.

What analysts pressed on

Analysts expressed concerns regarding the competitive pricing environment, particularly in property insurance, and the potential impact on AIG's growth and profitability. There were also inquiries about the company's leverage and its ability to achieve higher ROE compared to peers.

Main topics on the call

• Strong Underwriting Performance — AIG reported a 10% increase in underwriting income to $686 million, supported by improved accident year underwriting results. The accident year combined ratio improved to 88.1%, reflecting disciplined underwriting practi...
• Premium Growth Dynamics — Net premiums written increased by 9%, with a notable 11% growth excluding North American Property. This growth was attributed to organic growth in select high-performing segments and strategic transactions. Management no...
• Market Environment Challenges — Management highlighted a transition in the market from broad positive pricing to a more selective environment, particularly in property insurance. They noted, "Pricing has continued to be under pressure, fueled by excess...
• Expense Management and Efficiency — AIG is on track to reduce its general insurance expense ratio below 30% by 2027, with a current ratio of 30.7%. Management emphasized their focus on maintaining expense discipline while investing in technology to enhance...

Read the full American International Group, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 51 American International Group, Inc. earnings call transcripts on record, spanning February 13, 2020 to August 7, 2026. Based on this history, American International Group, Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AIG

Exchange

NYSE

Country

US

Sector

Financials

Industry

Insurance

Calls on record

51

First call

February 13, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly