American International Group (AIG) Financials

$81.37 -0.23 (-0.29%)

Closing price 03:59 PM Eastern

Extended Trading

$79.87 -1.50 (-1.84%)

As of 07:50 PM Eastern

Annual Income Statements for American International Group

This table shows American International Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	7,529	2,196	-849	-6,084	-6.00	3,326	-5,973	10,338	10,198	3,614	-1,426
Consolidated Net Income / (Loss)	7,524	2,222	-349	-6,056	61	4,169	-5,829	10,906	11,273	3,878	-926
Net Income / (Loss) Continuing Operations	7,574	2,222	-259	-6,060	103	4,121	-5,833	10,906	2,890	2,741	2,700
Total Pre-Tax Income	10,501	3,281	-74	1,466	257	5,287	-7,293	13,347	3,772	2,867	3,870
Total Operating Income	11,565	8,284	6,364	7,533	1,535	6,811	6,323	11,550	4,831	3,375	3,730
Total Gross Profit	30,033	26,206	21,874	20,928	16,223	20,512	18,930	24,802	29,996	27,938	27,251
Total Revenue	63,667	57,551	54,311	50,900	47,389	49,746	43,736	52,157	29,996	27,938	27,251
Operating Revenue	63,667	57,551	54,311	50,900	47,389	49,746	43,736	52,157	29,996	27,938	27,251
Total Cost of Revenue	33,634	31,345	32,437	29,972	31,166	29,234	24,806	27,355	0.00	0.00	0.00
Total Operating Expenses	18,468	17,922	15,510	13,395	14,688	13,701	12,607	13,252	25,165	24,563	23,521
Selling, General & Admin Expense	13,138	12,686	10,989	9,107	9,302	8,537	8,396	8,728	6,159	5,399	5,529
Amortization Expense	5,330	5,236	4,521	4,288	5,386	5,164	4,211	4,524	3,545	3,771	3,425
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	15,461	15,393	14,567
Total Other Income / (Expense), net	-1,064	-5,003	-6,438	-6,067	-1,278	-1,524	-13,616	1,797	-1,059	-508	140
Interest Expense	4,000	5,768	5,039	4,755	1,316	1,449	5,091	1,694	906	479	476
Other Income / (Expense), net	3,153	1,356	-912	-1,085	38	-75	-8,525	3,491	-153	-29	616
Income Tax Expense	2,927	1,059	185	7,526	154	1,166	-1,460	2,441	882	126	1,170
Net Income / (Loss) Discontinued Operations	-50	0.00	-90	4.00	-42	48	4.00	0.00	8,383	1,137	-3,626
Preferred Stock Dividends Declared	-	-	-	0.00	0.00	22	29	29	29	29	22
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.00	26	500	28	67	821	115	539	1,046	235	478
Basic Earnings per Share	$5.27	$1.69	($0.78)	($6.54)	($0.01)	$3.79	($6.88)	$12.10	$13.10	$5.02	($2.19)
Weighted Average Basic Shares Outstanding	1.43B	1.30B	1.09B	930.56M	898.41M	876.75M	869.31M	854.32M	778.62M	719.51M	651.45M
Diluted Earnings per Share	$5.20	$1.65	($0.78)	($6.54)	($0.01)	$3.74	($6.88)	$11.95	$12.94	$4.98	($2.17)
Weighted Average Diluted Shares Outstanding	1.45B	1.33B	1.09B	930.56M	910.14M	889.51M	869.31M	864.88M	787.94M	725.23M	657.28M
Weighted Average Basic & Diluted Shares Outstanding	1.43B	1.15B	979.56M	902.47M	869.49M	873.42M	864.79M	814.76M	737.25M	680.95M	593.33M
Cash Dividends to Common per Share	$0.50	$0.81	$1.28	$1.28	-	-	$0.32	$0.32	$1.28	$1.40	$1.56

This table shows American International Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	545	23	1,485	2,020	86	1,194	-3,977	459	898	698	1,144
Consolidated Net Income / (Loss)	547	-87	1,691	2,747	-473	1,600	-3,884	457	901	698	1,144
Net Income / (Loss) Continuing Operations	-7,837	-87	841	701	1,286	797	475	481	144	698	1,144
Total Pre-Tax Income	-9,771	-231	886	1,100	1,112	1,058	617	649	553	960	1,544
Total Operating Income	-9,988	1,314	1,030	1,158	-127	1,174	641	769	-1,189	1,049	1,589
Total Gross Profit	249	4,587	7,436	7,267	8,648	6,763	3,093	6,751	10,780	6,783	7,091
Total Revenue	-12,609	10,984	7,436	7,267	2,251	6,763	6,560	6,751	1,362	6,783	7,091
Operating Revenue	-12,609	10,984	7,436	7,267	2,251	6,763	6,560	6,751	1,362	6,783	7,091
Total Cost of Revenue	-12,858	6,397	0.00	0.00	-6,397	0.00	3,467	0.00	-9,418	0.00	0.00
Total Operating Expenses	10,237	3,273	6,406	6,109	8,775	5,589	2,452	5,982	11,969	5,734	5,502
Selling, General & Admin Expense	-286	1,980	1,494	1,311	614	1,238	1,610	1,346	559	1,115	1,162
Amortization Expense	122	1,293	933	922	623	838	842	863	616	825	847
Other Operating Expenses / (Income)	-	-	3,979	3,876	-	3,513	-	3,773	-	3,794	3,493
Total Other Income / (Expense), net	217	-1,545	-144	-58	1,239	-116	-24	-120	1,742	-89	-45
Interest Expense	-1,083	1,347	129	159	-1,156	116	126	112	-1,226	92	95
Other Income / (Expense), net	-866	-198	-15	101	83	0.00	102	-8.00	516	3.00	50
Income Tax Expense	-1,934	-144	45	399	-174	261	142	168	409	262	400
Net Income / (Loss) Discontinued Operations	8,384	0.00	850	2,046	-1,759	803	-4,359	-24	757	0.00	0.00
Preferred Stock Dividends Declared	7.00	7.00	8.00	7.00	7.00	22	0.00	0.00	-	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.00	-117	198	720	-566	384	93	-2.00	3.00	0.00	0.00
Basic Earnings per Share	$0.94	$0.03	$2.05	$2.83	$0.11	$1.75	($6.02)	$0.72	$1.36	$1.18	$2.00
Weighted Average Basic Shares Outstanding	778.62M	738.66M	725.75M	712.60M	719.51M	682.58M	661.09M	641.62M	651.45M	593.84M	572.82M
Diluted Earnings per Share	$0.92	$0.03	$2.03	$2.81	$0.11	$1.74	($5.96)	$0.71	$1.34	$1.16	$1.98
Weighted Average Diluted Shares Outstanding	787.94M	744.10M	730.55M	718.73M	725.23M	687.96M	666.96M	647.37M	657.28M	599.24M	577.94M
Weighted Average Basic & Diluted Shares Outstanding	737.25M	723.75M	711.90M	702.04M	680.95M	663.67M	643.95M	623.77M	593.33M	576.33M	554.00M

This table details how cash moves in and out of American International Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-571	-129	-24	497	621	-8.00	-57	-803	-211	4.00	-201
Net Cash From Operating Activities	5,007	2,877	3,502	-7,818	-394	-1,807	1,038	6,223	4,134	6,243	3,273
Net Cash From Continuing Operating Activities	5,007	2,877	3,502	-7,818	-394	-1,807	1,038	6,223	4,622	6,953	3,377
Net Income / (Loss) Continuing Operations	7,574	2,222	-259	-6,060	103	4,121	-5,833	10,906	2,890	2,741	2,700
Consolidated Net Income / (Loss)	7,524	2,222	-349	-6,056	61	4,169	-5,829	10,906	11,273	3,878	-926
Net Income / (Loss) Discontinued Operations	-50	0.00	-90	4.00	-42	48	4.00	0.00	8,383	1,137	-3,626
Depreciation Expense	4,448	4,629	4,090	3,874	5,362	5,006	4,120	4,542	3,861	3,841	3,597
Non-Cash Adjustments To Reconcile Net Income	-3,111	3,323	-674	-10,260	-2,620	-1,285	6,274	-8,049	5,945	1,531	164
Changes in Operating Assets and Liabilities, net	-3,904	-7,297	345	4,628	-3,239	-9,649	-3,523	-1,176	-8,074	-1,160	-3,084
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-	-	-488	-710	-104
Net Cash From Investing Activities	14,284	8,462	3,252	14,041	-223	-5,475	-6,202	-3,280	-3,626	-7,021	1,672
Net Cash From Continuing Investing Activities	14,284	8,462	3,252	14,041	-223	-5,475	-6,202	-3,280	2,913	-2,487	5,843
Purchase of Investments	-50,102	-53,962	-62,423	-51,779	-46,742	-63,027	-62,423	-79,406	-20,884	-29,190	-23,814
Divestitures	2,348	0.00	2,809	792	10	2.00	2,173	4,683	0.00	2,568	587
Sale and/or Maturity of Investments	72,516	72,616	74,537	76,540	62,312	65,562	60,032	81,451	25,506	26,910	29,606
Other Investing Activities, net	-10,478	-10,192	-11,671	-11,512	-10,086	-8,012	-5,984	-10,008	-1,709	-2,775	-536
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-	-	-6,539	-4,534	-4,171
Net Cash From Financing Activities	-19,788	-11,429	-6,833	-5,697	1,249	7,258	5,058	-3,679	-602	782	-5,063
Net Cash From Continuing Financing Activities	-19,788	-11,429	-6,833	-5,697	1,249	7,258	5,058	-3,679	-14,505	-2,748	-8,943
Repayment of Debt	-22,580	-8,987	-4,014	-3,729	-7,242	-1,602	-4,165	-7,419	-8,391	497	-1,443
Repurchase of Preferred Equity	0.00	0.00	-	-	-	-	-	-	0.00	-29	-485
Repurchase of Common Equity	-4,902	-10,691	-11,460	-6,275	-1,739	0.00	-500	-2,592	-5,200	-2,961	-6,652
Payment of Dividends	-712	-1,028	-1,372	-1,172	-1,138	-1,136	-1,132	-1,112	-982	-997	-1,002
Issuance of Debt	6,687	6,867	5,954	3,356	4,734	3,881	6,324	4,445	97	742	661
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-	-	13,903	3,530	3,880
Effect of Exchange Rate Changes	-74	-39	-	-	-	-	-	-67	-117	-	-83
Cash Interest Paid	-	-	-	-	-	-	1,147	1,348	1,127	1,059	858
Cash Income Taxes Paid	-	-	-	-	-	-	975	862	746	984	708

This table details how cash moves in and out of American International Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-657	-158	531	-98	-271	-346	282	132	-272	36	433
Net Cash From Operating Activities	167	497	614	3,513	1,619	521	930	1,699	125	-56	1,391
Net Cash From Continuing Operating Activities	655	497	936	3,310	2,210	256	1,034	1,699	125	-56	1,391
Net Income / (Loss) Continuing Operations	-7,837	-87	1,265	701	862	797	-328	481	947	698	1,144
Consolidated Net Income / (Loss)	547	-87	1,691	2,747	-473	1,600	-3,884	457	901	698	1,144
Depreciation Expense	540	1,186	838	869	948	851	838	856	990	866	883
Non-Cash Adjustments To Reconcile Net Income	4,987	-1,906	-184	1,577	2,044	-2,067	-246	762	1,361	-600	-1,208
Changes in Operating Assets and Liabilities, net	2,965	1,304	-983	163	-1,644	675	770	-400	-3,173	-1,020	572
Net Cash From Investing Activities	-1,361	-1,474	833	-3,432	-2,948	306	-1,604	315	2,653	2,751	564
Net Cash From Continuing Investing Activities	5,178	-1,474	1,665	-1,786	-892	2,980	2,567	315	2,653	2,751	564
Purchase of Investments	12,911	-14,531	-249	-5,813	-8,597	-4,258	3,527	-5,457	-9,972	-8,247	-5,847
Sale and/or Maturity of Investments	-14,484	15,337	894	4,540	6,139	7,414	-3,000	5,957	12,099	11,287	6,078
Other Investing Activities, net	6,751	-2,312	1,049	-747	-765	-176	2,040	-191	-55	-289	333
Net Cash From Financing Activities	917	817	-932	-124	1,021	-1,144	993	-1,911	-3,004	-2,677	-1,535
Net Cash From Continuing Financing Activities	-13,249	824	-1,439	-1,393	-740	-3,082	-3,416	-1,911	-2,475	-2,677	-1,535
Repayment of Debt	1,769	-902	1,171	-322	550	-692	-60	-152	-1,069	-214	-744
Repurchase of Common Equity	-802	-577	-540	-810	-1,034	-1,640	-1,685	-1,505	-1,822	-2,229	-1,778
Payment of Dividends	-214	-234	-260	-254	-249	-243	-261	-254	-244	-234	-254
Effect of Exchange Rate Changes	-	-	-	-	-	-29	-	29	-46	18	13
Cash Interest Paid	393	165	471	109	314	181	289	111	277	72	128
Cash Income Taxes Paid	257	56	312	105	511	84	625	102	-103	96	62

This table presents American International Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	1/1/2021	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	515,581	496,842	498,264	498,301	491,984	525,064	598,841	596,112	522,228	539,306	161,322
Total Current Assets	48,307	274,080	275,866	264,344	13,884	31,922	0.00	307,477	257,395	12,087	85,599
Cash & Equivalents	1,758	1,629	1,868	2,362	2,873	2,856	0.00	2,198	2,043	1,540	1,302
Short-Term Investments	34,518	261,000	256,334	251,734	-	18,792	0.00	15,668	15,953	580	9,828
Accounts Receivable	12,031	11,451	10,465	10,248	11,011	10,274	0.00	12,409	13,243	9,967	10,463
Other Current Assets	-	-	-	-	-	-	0.00	277,202	226,156	-	64,006
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	467,274	218,926	219,838	231,660	478,100	493,142	121,452	289,592	264,833	527,219	75,723
Long-Term Investments	296,258	46,576	38,536	33,594	271,074	271,839	0.00	20,374	17,436	85,803	15,911
Noncurrent Note & Lease Receivables	24,990	29,565	33,240	37,023	43,135	46,984	0.00	46,048	49,605	4,441	3,868
Goodwill	-	-	-	-	-	-	-	-	-	3,422	3,373
Noncurrent Deferred & Refundable Income Taxes	19,339	20,394	21,332	14,033	15,221	13,146	12,963	11,714	14,804	6,186	4,956
Other Noncurrent Operating Assets	126,687	122,391	126,730	147,010	148,670	161,173	108,489	211,456	182,988	48,589	47,615
Total Liabilities & Shareholders' Equity	515,581	496,842	498,264	498,301	491,984	525,064	598,841	596,112	522,228	539,306	161,322
Total Liabilities	408,309	406,632	421,406	432,593	434,675	457,637	532,906	527,200	478,774	488,005	118,772
Total Current Liabilities	81,929	271,645	281,226	282,105	87,207	81,756	3,796	82,502	78,630	70,888	69,586
Other Current Liabilities	81,929	271,645	275,120	282,105	87,207	81,756	3,796	82,502	78,630	70,888	69,586
Total Noncurrent Liabilities	326,380	131,151	139,698	149,899	347,468	375,881	251,846	444,698	400,144	417,117	49,186
Long-Term Debt	31,217	29,249	30,912	31,640	34,540	35,350	0.00	30,163	27,179	10,606	8,922
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	347	426
Other Noncurrent Operating Liabilities	295,163	101,902	108,786	118,259	312,928	340,531	251,846	414,535	372,965	40,047	39,838
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	107,272	90,210	76,858	65,708	57,309	67,427	65,935	68,912	43,454	51,301	42,550
Total Preferred & Common Equity	106,898	89,658	76,300	65,171	56,361	65,675	65,098	65,956	40,970	45,351	42,521
Total Common Equity	106,898	89,658	76,300	65,171	56,361	65,675	27,751	65,956	40,970	45,351	42,521
Common Stock	85,724	86,276	85,830	85,844	86,034	86,111	0.00	86,617	84,681	80,576	80,114
Retained Earnings	29,775	30,943	28,711	21,457	20,884	23,084	16,437	23,785	34,893	37,516	35,079
Treasury Stock	-19,218	-30,098	-41,471	-47,595	-49,144	-48,987	0.00	-51,618	-56,473	-59,189	-65,573
Accumulated Other Comprehensive Income / (Loss)	10,617	2,537	3,230	5,465	-1,413	4,982	11,314	6,687	-22,616	-14,037	-7,099
Noncontrolling Interest	374	552	558	537	948	1,752	0.00	2,956	2,484	5,950	29

This table presents American International Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	522,228	536,627	537,138	521,521	539,306	544,121	167,890	169,449	161,322	161,864	165,971
Total Current Assets	257,395	19,897	266,003	258,394	12,087	263,961	13,613	93,088	12,364	13,708	93,685
Cash & Equivalents	2,043	1,923	2,283	1,994	1,540	1,816	1,381	1,472	1,302	1,393	1,825
Short-Term Investments	15,953	2,451	16,067	16,054	580	15,977	563	14,440	599	631	9,987
Accounts Receivable	13,243	15,523	12,428	11,388	9,967	11,293	11,669	11,196	10,463	11,684	13,013
Other Current Assets	226,156	-	222,530	214,940	-	232,487	-	65,980	-	-	68,860
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	264,833	516,730	271,135	263,127	527,219	280,160	154,277	76,361	148,958	148,156	72,286
Long-Term Investments	17,436	264,107	16,556	18,403	85,803	21,277	91,138	13,378	89,745	88,102	11,599
Noncurrent Note & Lease Receivables	49,605	50,830	51,605	50,922	4,441	52,475	4,347	4,286	3,868	3,737	3,520
Goodwill	-	-	-	-	3,422	-	3,407	3,453	3,373	3,398	3,453
Noncurrent Deferred & Refundable Income Taxes	14,804	14,480	14,103	14,612	6,186	14,376	5,568	5,278	4,956	4,962	4,722
Other Noncurrent Operating Assets	182,988	187,313	188,871	179,190	48,589	192,032	49,632	49,829	47,016	47,957	48,992
Total Liabilities & Shareholders' Equity	522,228	536,627	537,138	521,521	539,306	544,121	167,890	169,449	161,322	161,864	165,971
Total Liabilities	478,774	490,321	490,647	478,308	488,005	495,011	123,415	124,376	118,772	120,405	124,442
Total Current Liabilities	78,630	79,254	83,309	83,305	70,888	75,188	71,613	71,521	69,168	71,052	70,156
Other Current Liabilities	78,630	79,254	73,714	73,188	70,888	73,375	70,218	71,521	69,168	69,291	70,156
Total Noncurrent Liabilities	400,144	411,067	407,338	395,003	417,117	419,823	51,802	52,855	49,604	49,353	54,286
Long-Term Debt	27,179	26,044	24,145	24,055	10,606	21,935	9,940	10,054	8,922	8,753	9,258
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	347	-	375	422	426	481	541
Other Noncurrent Operating Liabilities	372,965	385,023	383,193	370,948	40,047	397,888	41,334	42,301	40,256	40,119	44,487
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	43,454	46,306	46,491	43,213	51,301	49,110	44,475	45,073	42,550	41,459	41,529
Total Preferred & Common Equity	40,970	43,317	42,454	39,984	45,351	43,385	44,445	45,039	42,521	41,431	41,501
Total Common Equity	40,970	43,317	42,454	39,984	45,351	43,385	44,445	45,039	42,521	41,431	41,501
Common Stock	84,681	84,328	82,443	82,530	80,576	80,391	80,040	80,076	80,114	80,017	80,055
Retained Earnings	34,893	34,690	35,916	37,689	37,516	38,466	34,225	34,429	35,079	35,540	36,424
Treasury Stock	-56,473	-56,857	-57,408	-58,191	-59,189	-60,603	-62,255	-63,744	-65,573	-67,662	-69,430
Accumulated Other Comprehensive Income / (Loss)	-22,616	-19,329	-18,982	-22,529	-14,037	-14,869	-7,565	-5,722	-7,099	-6,464	-5,548
Noncontrolling Interest	2,484	2,989	4,037	3,229	5,950	5,725	30	34	29	28	28

This table displays calculated financial ratios and metrics derived from American International Group's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.56%	-9.61%	-5.63%	-6.28%	-6.90%	4.97%	-12.08%	19.25%	-42.49%	-6.86%	-2.46%
EBITDA Growth	13.58%	-25.55%	-33.13%	8.17%	-32.81%	69.32%	-83.67%	921.01%	-56.40%	-15.83%	10.52%
EBIT Growth	21.03%	-34.50%	-43.44%	18.27%	-75.60%	328.23%	-132.69%	783.06%	-68.90%	-28.47%	29.89%
NOPAT Growth	-28.95%	-32.74%	-20.59%	-799.00%	101.98%	762.96%	-16.63%	113.23%	-60.78%	-12.83%	-19.35%
Net Income Growth	-17.25%	-70.47%	-115.71%	-1,635.24%	101.01%	6,734.43%	-239.82%	287.10%	3.37%	-65.60%	-123.88%
EPS Growth	-15.17%	-68.27%	-147.27%	-738.46%	99.85%	37,500.00%	-283.96%	273.69%	8.28%	-61.51%	-143.57%
Operating Cash Flow Growth	-14.63%	-42.54%	21.72%	-323.24%	94.96%	-358.63%	157.44%	499.52%	-33.57%	51.02%	-47.57%
Free Cash Flow Firm Growth	79.16%	316.16%	422.26%	-556.03%	70.10%	249.10%	-474.21%	-258.09%	116.24%	154.53%	-94.68%
Invested Capital Growth	4.41%	2.22%	-1.26%	0.05%	5.18%	-4.73%	29.64%	146.05%	-43.03%	-209.87%	-3.87%
Revenue Q/Q Growth	-7.88%	-2.54%	3.92%	-4.03%	-1.86%	-0.76%	-4.66%	9.47%	-47.18%	-25.56%	-42.02%
EBITDA Q/Q Growth	-12.89%	21.10%	3.56%	42.00%	-38.30%	43.69%	909.47%	14.94%	-66.79%	-5.01%	-24.45%
EBIT Q/Q Growth	-15.77%	33.80%	3.39%	102.32%	-75.26%	141.43%	47.65%	19.85%	-78.18%	-6.67%	-34.01%
NOPAT Q/Q Growth	-35.52%	13.06%	62.94%	-852.19%	102.94%	146.68%	39.98%	-14.22%	-73.23%	14.52%	-50.59%
Net Income Q/Q Growth	-14.71%	-53.18%	-213.31%	-220.42%	101.01%	52.15%	-17.90%	88.00%	-28.72%	-20.82%	59.74%
EPS Q/Q Growth	-14.05%	-51.61%	-216.42%	-189.38%	99.84%	79.81%	-18.21%	86.43%	-26.18%	-13.99%	36.18%
Operating Cash Flow Q/Q Growth	90.38%	-0.24%	46.16%	-9.91%	-139.17%	-57.82%	353.79%	0.48%	-6.60%	30.31%	-31.34%
Free Cash Flow Firm Q/Q Growth	94.67%	-88.11%	-46.22%	-251.07%	57.49%	-3.92%	-393.47%	-1,170.95%	113.03%	1,591.40%	-35.99%
Invested Capital Q/Q Growth	-6.47%	-0.75%	3.12%	-3.65%	1.16%	2.98%	36.45%	128.40%	22.84%	-243.70%	-255.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.17%	45.54%	40.28%	41.12%	34.23%	82.47%	43.28%	47.55%	100.00%	100.00%	100.00%
EBITDA Margin	30.10%	24.79%	17.57%	20.28%	14.63%	47.21%	4.39%	37.55%	28.47%	25.72%	29.15%
Operating Margin	18.16%	14.39%	11.72%	14.80%	3.24%	27.38%	14.46%	22.14%	16.11%	12.08%	13.69%
EBIT Margin	23.12%	16.75%	10.04%	12.67%	3.32%	27.08%	-5.03%	28.84%	15.60%	11.98%	15.95%
Profit (Net Income) Margin	11.82%	3.86%	-0.64%	-11.90%	0.13%	8.38%	-13.33%	20.91%	37.58%	13.88%	-3.40%
Tax Burden Percent	71.65%	67.72%	471.62%	-413.10%	23.74%	157.71%	79.93%	81.71%	298.86%	135.26%	-23.93%
Interest Burden Percent	71.35%	34.04%	-1.36%	22.74%	16.34%	156.98%	331.20%	88.74%	80.63%	85.68%	89.05%
Effective Tax Rate	27.87%	32.28%	0.00%	513.37%	59.92%	44.11%	0.00%	18.29%	23.38%	4.39%	30.23%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.63%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-90.87%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.43%	0.00%	0.00%
Return on Equity (ROE)	7.22%	2.25%	-0.42%	-8.50%	0.10%	0.00%	-8.74%	16.18%	20.06%	8.19%	-1.97%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-301.89%	62.46%	0.00%	0.00%
Operating Return on Assets (OROA)	2.79%	1.90%	1.10%	1.29%	0.32%	2.65%	-0.39%	2.52%	0.84%	0.63%	1.24%
Return on Assets (ROA)	1.42%	0.44%	-0.07%	-1.22%	0.01%	1.64%	-1.04%	1.83%	2.02%	0.73%	-0.26%
Return on Common Equity (ROCE)	7.19%	2.24%	-0.42%	-8.43%	0.10%	13.08%	-6.12%	11.24%	19.09%	7.46%	-1.85%
Return on Equity Simple (ROE_SIMPLE)	7.04%	2.48%	-0.46%	-9.29%	0.11%	12.70%	-8.95%	16.54%	27.52%	8.55%	-2.18%
Net Operating Profit after Tax (NOPAT)	8,341	5,610	4,455	-31,139	615	5,309	4,426	9,438	3,701	3,227	2,602
NOPAT Margin	13.10%	9.75%	8.20%	-61.18%	1.30%	10.67%	10.12%	18.09%	12.34%	11.55%	9.55%
Net Nonoperating Expense Percent (NNEP)	-0.27%	-1.17%	-1.75%	9.52%	-0.22%	-0.46%	-4.48%	1.42%	98.51%	1.33%	-4.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	5.24%	5.21%	5.06%
Cost of Revenue to Revenue	52.83%	54.46%	59.72%	58.88%	65.77%	117.53%	56.72%	52.45%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	20.64%	22.04%	20.23%	17.89%	19.63%	17.16%	19.20%	16.73%	20.53%	19.32%	20.29%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.01%	31.14%	28.56%	26.32%	30.99%	27.54%	28.83%	25.41%	83.89%	87.92%	86.31%
Earnings before Interest and Taxes (EBIT)	14,718	9,640	5,452	6,448	1,573	6,736	-2,202	15,041	4,678	3,346	4,346
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19,166	14,269	9,542	10,322	6,935	11,742	1,918	19,583	8,539	7,187	7,943
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.58	0.69	0.72	0.69	0.53	0.60	1.08	0.68	1.10	1.03	1.07
Price to Tangible Book Value (P/TBV)	0.58	0.69	0.72	0.69	0.53	0.60	1.08	0.68	1.10	1.11	1.16
Price to Revenue (P/Rev)	0.98	1.07	1.02	0.88	0.63	0.79	0.69	0.85	1.50	1.67	1.67
Price to Earnings (P/E)	8.26	28.06	0.00	0.00	0.00	11.86	0.00	4.31	4.40	12.89	0.00
Dividend Yield	1.13%	1.63%	2.38%	2.56%	3.77%	2.82%	3.67%	2.38%	2.12%	2.11%	2.14%
Earnings Yield	12.11%	3.56%	0.00%	0.00%	0.00%	8.43%	0.00%	23.19%	22.72%	7.76%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.64	1.11	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.69	0.76	1.30	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	15.67	2.02	4.58	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.62	8.36	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	6.79	4.18	10.57	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	28.95	6.34	9.46	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.29	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.32	0.40	0.48	0.60	1.05	0.00	0.44	0.63	0.21	0.21
Long-Term Debt to Equity	0.29	0.32	0.40	0.48	0.60	1.05	0.00	0.44	0.63	0.21	0.21
Financial Leverage	-2.91	-2.94	-3.29	-3.69	-4.04	-3.99	-3.44	-1.54	-0.14	-1.04	-1.84
Leverage Ratio	5.07	5.13	5.96	6.99	8.05	8.15	8.43	8.86	9.95	11.20	7.47
Compound Leverage Factor	3.62	1.74	-0.08	1.59	1.32	12.80	27.91	7.86	8.03	9.60	6.65
Debt to Total Capital	22.54%	24.48%	28.68%	32.50%	37.61%	68.79%	0.00%	30.44%	38.48%	17.13%	17.33%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	22.54%	24.48%	28.68%	32.50%	37.61%	68.79%	0.00%	30.44%	38.48%	17.13%	17.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.27%	0.46%	0.52%	0.55%	1.03%	3.41%	0.00%	2.98%	3.52%	9.61%	0.06%
Common Equity to Total Capital	77.19%	75.05%	70.80%	66.95%	61.36%	127.80%	42.09%	66.57%	58.00%	73.26%	82.61%
Debt to EBITDA	1.63	2.05	3.24	3.07	4.98	3.01	0.00	1.54	3.18	1.48	1.12
Net Debt to EBITDA	-15.72	-19.62	-27.86	-24.81	-34.52	-43.97	0.00	-0.41	-0.97	-10.76	-10.41
Long-Term Debt to EBITDA	1.63	2.05	3.24	3.07	4.98	6.02	0.00	1.54	3.18	1.48	1.12
Debt to NOPAT	3.74	5.21	6.94	-1.02	56.14	13.32	0.00	3.20	7.34	3.29	3.43
Net Debt to NOPAT	-36.12	-49.90	-59.67	8.22	-389.16	-97.25	0.00	-0.86	-2.23	-23.96	-31.79
Long-Term Debt to NOPAT	3.74	5.21	6.94	-1.02	56.14	13.32	0.00	3.20	7.34	3.29	3.43
Altman Z-Score	0.31	0.36	0.29	0.22	0.03	0.14	0.13	0.73	0.65	0.10	0.37
Noncontrolling Interest Sharing Ratio	0.49%	0.47%	0.66%	0.77%	1.21%	4.33%	29.95%	30.51%	4.84%	8.90%	6.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.59	1.01	0.98	0.94	0.16	0.39	0.00	3.73	3.27	0.17	0.18
Quick Ratio	0.59	1.01	0.96	0.94	0.16	0.78	0.00	0.37	0.40	0.17	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-607	1,311	6,848	-31,228	-9,337	13,921	-52,094	-186,544	30,292	77,105	4,099
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.15	0.23	1.36	-6.57	-7.09	19.21	-10.23	-110.12	33.44	160.97	8.61
Operating Cash Flow to Interest Expense	1.25	0.50	0.70	-1.64	-0.30	-1.25	0.20	3.67	4.56	13.03	6.88
Operating Cash Flow Less CapEx to Interest Expense	1.25	0.50	0.70	-1.64	-0.30	-2.49	0.20	3.67	4.56	13.03	6.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.11	0.11	0.10	0.10	0.10	0.08	0.09	0.05	0.05	0.08
Accounts Receivable Turnover	5.10	4.90	4.96	4.91	4.46	4.67	0.00	0.00	2.34	2.41	2.67
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	71.58	74.46	73.64	74.27	81.87	78.09	0.00	0.00	156.07	151.62	136.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	71.58	74.46	73.64	74.27	81.87	156.17	0.00	0.00	156.07	151.62	136.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-194,045	-189,746	-192,139	-192,050	-182,098	-190,710	-134,190	61,792	35,201	-38,677	-40,174
Invested Capital Turnover	-0.32	-0.30	-0.28	-0.27	-0.25	-0.27	-0.27	-1.44	0.62	-16.07	-0.69
Increase / (Decrease) in Invested Capital	8,948	4,299	-2,393	89	9,952	-8,612	56,520	195,982	-26,591	-73,878	-1,497
Enterprise Value (EV)	-238,763	-217,784	-210,129	-210,568	-208,423	-216,930	30,054	39,461	39,120	-24,800	-37,285
Market Capitalization	62,180	61,620	55,139	44,945	30,036	39,455	30,054	44,582	44,889	46,567	45,410
Book Value per Share	$76.36	$72.48	$74.28	$72.50	$63.71	$75.49	$32.21	$79.44	$55.14	$64.60	$68.17
Tangible Book Value per Share	$76.36	$72.48	$74.28	$72.50	$63.71	$75.49	$32.21	$79.44	$55.14	$59.72	$62.76
Total Capital	138,489	119,459	107,770	97,348	91,849	102,777	65,935	99,075	70,633	61,907	51,472
Total Debt	31,217	29,249	30,912	31,640	34,540	35,350	0.00	30,163	27,179	10,606	8,922
Total Long-Term Debt	31,217	29,249	30,912	31,640	34,540	35,350	0.00	30,163	27,179	10,606	8,922
Net Debt	-301,317	-279,956	-265,826	-256,050	-239,407	-258,137	0.00	-8,077	-8,253	-77,317	-82,724
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-69,898	-260,194	-263,562	-271,857	-76,196	-71,482	-3,796	207,109	160,769	-60,921	-58,705
Debt-free Net Working Capital (DFNWC)	-33,622	2,435	-5,360	-17,761	-73,323	-49,834	-3,796	224,975	178,765	-58,801	-56,804
Net Working Capital (NWC)	-33,622	2,435	-5,360	-17,761	-73,323	-49,834	-3,796	224,975	178,765	-58,801	-56,804
Net Nonoperating Expense (NNE)	817	3,388	4,804	-25,083	554	1,140	10,255	-1,468	-7,572	-651	3,528
Net Nonoperating Obligations (NNO)	-301,317	-279,956	-268,997	-257,758	-239,407	-258,137	-200,125	-7,120	-8,253	-89,978	-82,724
Total Depreciation and Amortization (D&A)	4,448	4,629	4,090	3,874	5,362	5,006	4,120	4,542	3,861	3,841	3,597
Debt-free, Cash-free Net Working Capital to Revenue	-109.79%	-452.11%	-485.28%	-534.10%	-160.79%	-287.39%	-8.68%	397.09%	535.97%	-218.06%	-215.42%
Debt-free Net Working Capital to Revenue	-52.81%	4.23%	-9.87%	-34.89%	-154.73%	278.19%	-8.68%	431.34%	595.96%	-210.47%	-208.45%
Net Working Capital to Revenue	-52.81%	4.23%	-9.87%	-34.89%	-154.73%	278.19%	-8.68%	431.34%	595.96%	-210.47%	-208.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.27	$1.69	($0.78)	($6.54)	($0.01)	$3.79	($6.88)	$10.95	$13.16	$5.02	($2.19)
Adjusted Weighted Average Basic Shares Outstanding	1.43B	1.30B	1.09B	930.56M	898.41M	876.75M	869.31M	854.32M	778.62M	719.51M	651.45M
Adjusted Diluted Earnings per Share	$5.20	$1.65	($0.78)	($6.54)	($0.01)	$3.74	($6.88)	$10.82	$13.01	$4.98	($2.17)
Adjusted Weighted Average Diluted Shares Outstanding	1.45B	1.33B	1.09B	930.56M	910.14M	889.51M	869.31M	864.88M	787.94M	725.23M	657.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.37B	1.15B	979.56M	902.47M	869.49M	873.42M	864.79M	814.76M	737.25M	680.95M	593.33M
Normalized Net Operating Profit after Tax (NOPAT)	8,341	5,610	4,455	5,273	1,075	5,309	4,426	9,438	3,701	3,227	2,602
Normalized NOPAT Margin	13.10%	9.75%	8.20%	10.36%	2.27%	10.67%	10.12%	18.09%	12.34%	11.55%	9.55%
Pre Tax Income Margin	16.49%	5.70%	-0.14%	2.88%	0.54%	10.63%	-16.68%	25.59%	12.58%	10.26%	14.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.68	1.67	1.08	1.36	1.20	4.65	-0.43	8.88	5.16	6.99	9.13
NOPAT to Interest Expense	2.09	0.97	0.88	-6.55	0.47	7.33	0.87	5.57	4.09	6.74	5.47
EBIT Less CapEx to Interest Expense	3.68	1.67	1.08	1.36	1.20	4.65	-0.43	8.88	5.16	6.99	9.13
NOPAT Less CapEx to Interest Expense	2.09	0.97	0.88	-6.55	0.47	3.66	0.87	5.57	4.09	6.74	5.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.46%	46.26%	-393.12%	-19.35%	1,865.57%	54.50%	-19.42%	10.20%	8.71%	25.71%	-108.21%
Augmented Payout Ratio	74.61%	527.41%	-3,676.79%	-122.97%	4,716.39%	54.50%	-28.00%	33.96%	54.84%	102.06%	-826.57%

This table displays calculated financial ratios and metrics derived from American International Group's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-188.88%	-26.50%	-45.58%	-48.09%	117.85%	14.51%	-11.78%	-7.10%	-39.49%	0.30%	8.09%
EBITDA Growth	-250.31%	-71.19%	-66.59%	-59.98%	108.76%	92.35%	-14.68%	-24.01%	-64.93%	-5.28%	53.50%
EBIT Growth	-283.65%	-83.72%	-77.39%	-69.92%	99.59%	214.96%	-26.80%	-39.56%	-1,429.55%	-10.39%	120.59%
NOPAT Growth	-442.30%	-82.49%	-72.26%	-75.08%	97.90%	197.61%	-49.53%	-22.77%	-110.80%	-13.76%	138.58%
Net Income Growth	-89.25%	-101.91%	-45.08%	-11.01%	-186.47%	1,939.08%	-329.69%	-83.36%	290.49%	-56.38%	129.45%
EPS Growth	-83.30%	-99.40%	-40.82%	-20.85%	-88.04%	5,700.00%	-393.60%	-74.73%	1,118.18%	-33.33%	133.22%
Operating Cash Flow Growth	-63.62%	1,174.36%	9.84%	4.27%	869.46%	4.43%	51.47%	-51.64%	-92.28%	-110.75%	49.89%
Free Cash Flow Firm Growth	110.11%	-319.60%	102.41%	101.02%	276.19%	-2,765.36%	1,099.70%	-31.10%	-98.39%	131.80%	-190.36%
Invested Capital Growth	-43.03%	4.28%	-13.31%	-6.08%	-209.87%	116.01%	-218.60%	-4.23%	-3.87%	-227.11%	170.74%
Revenue Q/Q Growth	-190.08%	-7.27%	-32.30%	-2.27%	-69.02%	-19.41%	-47.85%	2.91%	-79.83%	398.02%	4.54%
EBITDA Q/Q Growth	-293.98%	79.42%	-19.50%	14.84%	-57.52%	6,083.78%	-64.30%	2.28%	-80.40%	505.05%	31.49%
EBIT Q/Q Growth	-359.29%	472.31%	-9.05%	24.04%	-103.49%	437.01%	-78.86%	2.42%	-188.44%	256.32%	55.80%
NOPAT Q/Q Growth	-336.10%	3,872.63%	6.29%	-24.52%	-119.90%	383.79%	-81.97%	15.49%	-154.32%	346.34%	54.36%
Net Income Q/Q Growth	-82.28%	-115.90%	2,043.68%	62.45%	-117.22%	438.27%	-342.75%	111.77%	97.16%	-22.53%	63.90%
EPS Q/Q Growth	-74.08%	-96.74%	6,666.67%	38.42%	-96.09%	1,481.82%	-442.53%	111.91%	88.73%	-13.43%	70.69%
Operating Cash Flow Q/Q Growth	-95.04%	197.60%	23.54%	472.15%	-53.91%	-68.00%	79.19%	82.69%	-92.64%	-144.80%	2,583.93%
Free Cash Flow Firm Q/Q Growth	108.06%	-129.48%	176.31%	-58.59%	2,874.27%	-408.30%	131.95%	-97.62%	-30.48%	5,970.20%	-190.04%
Invested Capital Q/Q Growth	22.84%	-657.17%	116.64%	-17.51%	-243.70%	181.19%	-223.25%	166.61%	-255.85%	0.65%	168.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	41.76%	100.00%	100.00%	384.18%	52.69%	47.15%	100.00%	791.48%	100.00%	100.00%
EBITDA Margin	0.00%	20.96%	24.92%	29.28%	40.16%	35.20%	24.10%	23.95%	23.27%	28.28%	35.57%
Operating Margin	0.00%	11.96%	13.85%	15.94%	-5.64%	27.90%	9.77%	11.39%	-87.30%	15.47%	22.41%
EBIT Margin	0.00%	10.16%	13.65%	17.32%	-1.95%	27.95%	11.33%	11.27%	-49.41%	15.51%	23.11%
Profit (Net Income) Margin	0.00%	-0.79%	22.74%	37.80%	-21.01%	12.72%	-59.21%	6.77%	66.15%	10.29%	16.13%
Tax Burden Percent	-5.60%	37.66%	190.86%	249.73%	-42.54%	78.01%	-629.50%	70.42%	162.93%	72.71%	74.09%
Interest Burden Percent	90.02%	-20.70%	87.29%	87.37%	-2,527.27%	58.35%	83.04%	85.28%	-82.17%	91.25%	94.20%
Effective Tax Rate	0.00%	0.00%	5.08%	36.27%	-15.65%	21.99%	23.01%	25.89%	73.96%	27.29%	25.91%
Return on Invested Capital (ROIC)	0.00%	0.00%	16.56%	13.72%	0.00%	0.00%	0.00%	15.06%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	10.37%	-0.31%	0.00%	0.00%	0.00%	15.70%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-2.56%	0.11%	0.00%	0.00%	0.00%	-6.33%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	12.69%	14.00%	13.82%	8.19%	11.66%	-0.02%	8.73%	-1.97%	-4.04%	7.44%
Cash Return on Invested Capital (CROIC)	62.46%	0.00%	28.64%	16.41%	0.00%	-705.83%	0.00%	24.31%	0.00%	0.00%	-229.79%
Operating Return on Assets (OROA)	0.00%	0.92%	1.12%	1.25%	-0.10%	2.50%	1.53%	1.53%	-3.84%	1.20%	3.85%
Return on Assets (ROA)	0.00%	-0.07%	1.87%	2.72%	-1.11%	1.14%	-7.98%	0.92%	5.15%	0.80%	2.69%
Return on Common Equity (ROCE)	0.00%	12.07%	13.17%	12.97%	7.46%	10.60%	-0.02%	8.41%	-1.85%	-3.78%	7.44%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.30%	12.34%	12.25%	0.00%	12.83%	-0.02%	-5.11%	0.00%	-4.41%	0.00%
Net Operating Profit after Tax (NOPAT)	-6,992	920	978	738	-147	2,737	493	570	-310	763	1,177
NOPAT Margin	0.00%	8.37%	13.15%	10.16%	-6.52%	21.76%	7.52%	8.44%	-22.73%	11.24%	16.60%
Net Nonoperating Expense Percent (NNEP)	98.08%	-0.40%	6.19%	14.03%	-0.66%	-0.87%	-9.02%	-0.63%	1.40%	-0.13%	-0.07%
Return On Investment Capital (ROIC_SIMPLE)	-9.90%	-	-	-	-0.24%	-	-	-	-0.60%	1.52%	2.32%
Cost of Revenue to Revenue	0.00%	58.24%	0.00%	0.00%	-284.18%	47.31%	52.85%	0.00%	-691.48%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	18.03%	20.09%	18.04%	27.28%	16.01%	24.54%	19.94%	41.04%	16.44%	16.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	29.80%	86.15%	84.07%	389.83%	24.79%	37.38%	88.61%	878.78%	84.53%	77.59%
Earnings before Interest and Taxes (EBIT)	-10,854	1,116	1,015	1,259	-44	3,515	743	761	-673	1,052	1,639
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-10,314	2,302	1,853	2,128	904	4,428	1,581	1,617	317	1,918	2,522
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	0.83	0.96	1.06	1.03	1.26	1.11	1.05	1.07	1.25	1.19
Price to Tangible Book Value (P/TBV)	1.10	0.83	0.96	1.06	1.11	1.26	1.20	1.13	1.16	1.36	1.30
Price to Revenue (P/Rev)	1.50	0.72	0.92	1.13	1.67	1.13	1.04	1.00	1.67	1.89	1.77
Price to Earnings (P/E)	4.40	5.96	8.50	10.37	12.89	11.41	0.00	0.00	0.00	0.00	15.42
Dividend Yield	2.12%	2.61%	2.34%	2.29%	2.11%	1.85%	1.99%	2.08%	2.14%	1.84%	1.93%
Earnings Yield	22.72%	16.77%	11.76%	9.64%	7.76%	8.77%	0.00%	0.00%	0.00%	0.00%	6.49%
Enterprise Value to Invested Capital (EV/IC)	1.11	0.00	1.04	1.23	0.00	1.37	0.00	1.08	0.00	0.00	1.29
Enterprise Value to Revenue (EV/Rev)	1.30	0.00	0.77	0.88	0.00	0.89	0.00	0.59	0.00	0.00	1.27
Enterprise Value to EBITDA (EV/EBITDA)	4.58	0.00	3.16	4.37	0.00	3.82	0.00	2.66	0.00	0.00	4.04
Enterprise Value to EBIT (EV/EBIT)	8.36	0.00	5.23	9.23	0.00	5.87	0.00	4.24	0.00	0.00	6.88
Enterprise Value to NOPAT (EV/NOPAT)	10.57	0.00	6.73	11.74	0.00	7.32	0.00	5.31	0.00	0.00	11.11
Enterprise Value to Operating Cash Flow (EV/OCF)	9.46	0.00	7.32	6.90	0.00	6.89	0.00	5.86	0.00	0.00	11.14
Enterprise Value to Free Cash Flow (EV/FCFF)	1.29	0.00	3.38	7.26	0.00	0.00	0.00	4.36	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.56	0.52	0.56	0.21	0.45	0.22	0.22	0.21	0.21	0.22
Long-Term Debt to Equity	0.63	0.56	0.52	0.56	0.21	0.45	0.22	0.22	0.21	0.21	0.22
Financial Leverage	-0.14	-4.84	-0.25	-0.34	-1.04	-2.73	-1.07	-0.40	-1.84	-1.09	-1.13
Leverage Ratio	9.95	10.63	11.53	12.40	11.20	11.33	7.75	7.83	7.47	7.80	3.88
Compound Leverage Factor	8.96	-2.20	10.07	10.84	-283.13	6.61	6.44	6.67	-6.13	7.11	3.66
Debt to Total Capital	38.48%	36.00%	34.18%	35.76%	17.13%	30.87%	18.27%	18.24%	17.33%	17.43%	18.23%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	38.48%	36.00%	34.18%	35.76%	17.13%	30.87%	18.27%	18.24%	17.33%	17.43%	18.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.52%	4.13%	5.72%	4.80%	9.61%	8.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Common Equity to Total Capital	58.00%	59.87%	60.10%	59.44%	73.26%	61.07%	81.68%	81.70%	82.61%	82.51%	81.72%
Debt to EBITDA	3.18	1.80	2.25	3.18	1.48	1.94	0.90	0.96	1.12	1.12	1.06
Net Debt to EBITDA	-0.97	-16.78	-1.00	-1.64	-10.76	-1.52	-7.54	-1.83	-10.41	-10.38	-1.62
Long-Term Debt to EBITDA	3.18	1.80	2.25	3.18	1.48	1.94	0.90	0.96	1.12	1.12	1.06
Debt to NOPAT	7.34	3.43	4.78	8.54	3.29	3.72	1.83	1.91	3.43	3.52	2.92
Net Debt to NOPAT	-2.23	-31.89	-2.13	-4.40	-23.96	-2.90	-15.34	-3.65	-31.79	-32.73	-4.47
Long-Term Debt to NOPAT	7.34	3.43	4.78	8.54	3.29	3.72	1.83	1.91	3.43	3.52	2.92
Altman Z-Score	0.55	0.10	0.64	0.64	0.08	0.69	0.41	0.96	0.27	0.33	0.92
Noncontrolling Interest Sharing Ratio	0.00%	4.93%	5.91%	6.18%	8.90%	9.13%	4.47%	3.70%	6.37%	6.35%	0.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.27	0.25	3.19	3.10	0.17	3.51	0.19	1.30	0.18	0.19	1.34
Quick Ratio	0.40	0.25	0.37	0.35	0.17	0.39	0.19	0.38	0.18	0.19	0.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	19,599	-7,845	5,987	2,479	73,731	-224,794	71,822	1,708	1,187	72,077	-64,898
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-5.82	46.41	15.59	0.00	-153.55	570.02	15.25	0.00	783.44	-683.13
Operating Cash Flow to Interest Expense	0.00	0.37	4.76	22.09	0.00	0.35	7.38	15.17	0.00	-0.61	14.64
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.37	4.76	22.09	0.00	0.35	7.38	15.17	0.00	-0.61	14.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.09	0.08	0.07	0.05	0.09	0.13	0.14	0.08	0.08	0.17
Accounts Receivable Turnover	2.34	3.33	3.23	3.02	2.41	3.61	3.94	4.16	2.67	2.37	2.25
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	156.07	109.70	113.09	120.90	151.62	101.12	92.54	87.69	136.82	153.76	162.02
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	156.07	109.70	113.09	120.90	151.62	101.12	92.54	87.69	136.82	153.76	162.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	35,201	-196,131	32,630	26,916	-38,677	31,400	-38,699	25,778	-40,174	-39,914	27,376
Invested Capital Turnover	0.62	-0.25	1.26	1.35	-16.07	-0.59	-15.66	1.78	-0.69	-6.41	-4.91
Increase / (Decrease) in Invested Capital	-26,591	8,765	-5,009	-1,741	-73,878	227,531	-71,329	-1,138	-1,497	-71,314	66,075
Enterprise Value (EV)	39,120	-203,345	34,034	33,076	-24,800	43,172	-33,841	27,955	-37,285	-29,761	35,203
Market Capitalization	44,889	36,103	40,758	42,243	46,567	54,582	49,271	47,157	45,410	51,584	49,328
Book Value per Share	$55.14	$58.76	$58.66	$56.17	$64.60	$63.56	$66.97	$69.94	$68.17	$69.83	$72.01
Tangible Book Value per Share	$55.14	$58.76	$58.66	$56.17	$59.72	$63.56	$61.84	$64.58	$62.76	$64.10	$66.02
Total Capital	70,633	72,350	70,636	67,268	61,907	71,045	54,415	55,127	51,472	50,212	50,787
Total Debt	27,179	26,044	24,145	24,055	10,606	21,935	9,940	10,054	8,922	8,753	9,258
Total Long-Term Debt	27,179	26,044	24,145	24,055	10,606	21,935	9,940	10,054	8,922	8,753	9,258
Net Debt	-8,253	-242,437	-10,761	-12,396	-77,317	-17,135	-83,142	-19,236	-82,724	-81,373	-14,153
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	160,769	-63,731	164,344	157,041	-60,921	170,980	-59,944	5,655	-58,705	-59,368	11,717
Debt-free Net Working Capital (DFNWC)	178,765	-59,357	182,694	175,089	-58,801	188,773	-58,000	21,567	-56,804	-57,344	23,529
Net Working Capital (NWC)	178,765	-59,357	182,694	175,089	-58,801	188,773	-58,000	21,567	-56,804	-57,344	23,529
Net Nonoperating Expense (NNE)	-7,539	1,007	-713	-2,009	326	1,137	4,377	113	-1,211	65	33
Net Nonoperating Obligations (NNO)	-8,253	-242,437	-13,861	-16,297	-89,978	-17,710	-83,174	-19,295	-82,724	-81,373	-14,153
Total Depreciation and Amortization (D&A)	540	1,186	838	869	948	913	838	856	990	866	883
Debt-free, Cash-free Net Working Capital to Revenue	535.97%	-126.23%	371.29%	418.42%	-218.06%	353.29%	-126.14%	12.03%	-215.42%	-217.70%	42.14%
Debt-free Net Working Capital to Revenue	595.96%	-117.56%	412.75%	466.51%	-210.47%	390.06%	-122.05%	45.88%	-208.45%	-210.27%	84.63%
Net Working Capital to Revenue	595.96%	-117.56%	412.75%	466.51%	-210.47%	390.06%	-122.05%	45.88%	-208.45%	-210.27%	84.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.94	$0.03	$2.05	$2.83	$0.11	$1.75	($6.02)	$0.72	$1.36	$1.18	$2.00
Adjusted Weighted Average Basic Shares Outstanding	778.62M	738.66M	725.75M	712.60M	719.51M	682.58M	661.09M	641.62M	651.45M	593.84M	572.82M
Adjusted Diluted Earnings per Share	$0.92	$0.03	$2.03	$2.81	$0.11	$1.74	($5.96)	$0.71	$1.34	$1.16	$1.98
Adjusted Weighted Average Diluted Shares Outstanding	787.94M	744.10M	730.55M	718.73M	725.23M	687.96M	666.96M	647.37M	657.28M	599.24M	577.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	737.25M	723.75M	711.90M	702.04M	680.95M	663.67M	643.95M	623.77M	593.33M	576.33M	554.00M
Normalized Net Operating Profit after Tax (NOPAT)	-6,992	920	978	738	-89	2,737	493	570	-832	763	1,177
Normalized NOPAT Margin	0.00%	8.37%	13.15%	10.16%	-3.95%	21.76%	7.52%	8.44%	-61.11%	11.24%	16.60%
Pre Tax Income Margin	0.00%	-2.10%	11.92%	15.14%	49.40%	16.31%	9.41%	9.61%	40.60%	14.15%	21.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.83	7.87	7.92	0.00	2.40	5.90	6.79	0.00	11.43	17.25
NOPAT to Interest Expense	0.00	0.68	7.58	4.64	0.00	1.87	3.92	5.09	0.00	8.29	12.39
EBIT Less CapEx to Interest Expense	0.00	0.83	7.87	7.92	0.00	2.40	5.90	6.79	0.00	11.43	17.25
NOPAT Less CapEx to Interest Expense	0.00	0.68	7.58	4.64	0.00	1.87	3.92	5.09	0.00	8.29	12.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.71%	14.79%	18.79%	20.23%	25.71%	18.60%	-10,360.00%	-45.04%	-108.21%	-54.32%	30.81%
Augmented Payout Ratio	54.84%	80.94%	80.11%	75.95%	102.06%	90.91%	-62,050.00%	-300.00%	-826.57%	-450.44%	260.00%

Key Financial Trends

American International Group (AIG) has shown a notable financial turnaround with improving fundamentals over the past few years, up through Q2 2025. Here is a summary of the key financial trends and highlights from their recent quarterly statements:

Strong Growth in Net Income: AIG’s consolidated net income rose significantly to $1.14 billion in Q2 2025 from losses seen in 2024, marking a positive earnings momentum.
Rising Operating Revenues: Operating revenue increased to $7.1 billion in Q2 2025, reflecting improving top-line performance compared to prior quarters and years.
Consistent Positive Operating Income: Operating income was $1.59 billion in Q2 2025, a strong improvement from losses in late 2024 and showing operational stability.
Improved Cash Flow from Operations: Net cash from continuing operating activities rebounded to $1.39 billion in Q2 2025 from negative or lower levels in previous quarters.
Reduction in Debt Levels: Long-term debt has seen modest declines, with $9.26 billion reported in Q2 2025 down from over $27 billion in early 2023, improving financial leverage.
Substantial Investment Portfolio: AIG maintains a significant asset base with large holdings in short-term and long-term investments, totaling over $21 billion combined in Q2 2025.
Share Repurchase Activity Continues: The company continues to repurchase common equity (e.g., $1.78 billion in Q2 2025), which may support share value but also uses cash resources.
Dividends Paid: AIG pays consistent dividends, smaller in scale relative to earnings, which may appeal to income-focused investors but reduces retained earnings growth.
Volatile Discontinued Operations Impact: Significant fluctuations in discontinued operations gains and losses have impacted quarterly profitability, creating earnings variability.
High Operating Expenses: Despite revenue growth, total operating expenses remain high (over $5.5 billion in Q2 2025), which could pressure margins if not controlled.

In summary, AIG has made substantial progress recovering from prior operational challenges, with strong revenue gains, improved earnings, and healthy cash flow in recent quarters. However, investors should remain cautious about expense levels and the volatility from discontinued operations as these could affect future profitability. The company’s strong asset base and reduced debt provide a solid foundation for continued growth and capital return initiatives.

08/29/25 08:37 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About American International Group's Financials

When does American International Group's fiscal year end?

According to the most recent income statement we have on file, American International Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has American International Group's net income changed over the last 10 years?

American International Group's net income appears to be on an upward trend, with a most recent value of -$926 million in 2024, falling from $7.52 billion in 2014. The previous period was $3.88 billion in 2023. See American International Group's forecast for analyst expectations on what’s next for the company.

What is American International Group's operating income?

American International Group's total operating income in 2024 was $3.73 billion, based on the following breakdown:

Total Gross Profit: $27.25 billion
Total Operating Expenses: $23.52 billion

How has American International Group's revenue changed over the last 10 years?

Over the last 10 years, American International Group's total revenue changed from $63.67 billion in 2014 to $27.25 billion in 2024, a change of -57.2%.

How much debt does American International Group have?

American International Group's total liabilities were at $118.77 billion at the end of 2024, a 75.7% decrease from 2023, and a 70.9% decrease since 2014.

How much cash does American International Group have?

In the past 10 years, American International Group's cash and equivalents has ranged from $0.00 in 2020 to $2.87 billion in 2018, and is currently $1.30 billion as of their latest financial filing in 2024.

How has American International Group's book value per share changed over the last 10 years?

Over the last 10 years, American International Group's book value per share changed from 76.36 in 2014 to 68.17 in 2024, a change of -10.7%.

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This page (NYSE:AIG) was last updated on 8/29/2025 by MarketBeat.com Staff

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American International Group (AIG) Financials

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American International Group (AIG) Financials

Annual Income Statements for American International Group

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Quarterly Cash Flow Statements for American International Group

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Quarterly Balance Sheets for American International Group

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