American International Group (AIG) Financials

$77.67 -0.80 (-1.02%)

Closing price 03:59 PM Eastern

Extended Trading

$77.68 +0.02 (+0.02%)

As of 04:38 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2,196	-849	-6,084	-6.00	3,326	-5,973	10,338	10,198	3,614	-1,426	3,096
Consolidated Net Income / (Loss)	2,222	-349	-6,056	61	4,169	-5,829	10,906	11,273	3,878	-926	3,097
Net Income / (Loss) Continuing Operations	2,222	-259	-6,060	103	4,121	-5,833	10,906	2,890	2,741	2,700	3,097
Total Pre-Tax Income	3,281	-74	1,466	257	5,287	-7,293	13,347	3,772	2,867	3,870	3,879
Total Operating Income	8,284	6,364	7,533	1,535	6,811	6,323	11,550	4,831	3,375	3,730	4,189
Total Gross Profit	26,206	21,874	20,928	16,223	20,512	18,930	24,802	29,996	27,938	27,251	26,775
Total Revenue	57,551	54,311	50,900	47,389	49,746	43,736	52,157	29,996	27,938	27,251	26,775
Operating Revenue	57,551	54,311	50,900	47,389	49,746	43,736	52,157	29,996	27,938	27,251	26,775
Total Cost of Revenue	31,345	32,437	29,972	31,166	29,234	24,806	27,355	0.00	0.00	0.00	0.00
Total Operating Expenses	17,922	15,510	13,395	14,688	13,701	12,607	13,252	25,165	24,563	23,521	22,586
Selling, General & Admin Expense	12,686	10,989	9,107	9,302	8,537	8,396	8,728	6,159	5,399	5,529	5,053
Amortization Expense	5,236	4,521	4,288	5,386	5,164	4,211	4,524	3,545	3,771	3,425	3,371
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	15,461	15,393	14,567	14,162
Total Other Income / (Expense), net	-5,003	-6,438	-6,067	-1,278	-1,524	-13,616	1,797	-1,059	-508	140	-310
Interest Expense	5,768	5,039	4,755	1,316	1,449	5,091	1,694	906	479	476	391
Other Income / (Expense), net	1,356	-912	-1,085	38	-75	-8,525	3,491	-153	-29	616	81
Income Tax Expense	1,059	185	7,526	154	1,166	-1,460	2,441	882	126	1,170	782
Net Income / (Loss) Discontinued Operations	0.00	-90	4.00	-42	48	4.00	0.00	8,383	1,137	-3,626	0.00
Preferred Stock Dividends Declared	-	-	0.00	0.00	22	29	29	29	29	22	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	26	500	28	67	821	115	539	1,046	235	478	1.00
Basic Earnings per Share	$1.69	($0.78)	($6.54)	($0.01)	$3.79	($6.88)	$12.10	$13.10	$5.02	($2.19)	$5.48
Weighted Average Basic Shares Outstanding	1.30B	1.09B	930.56M	898.41M	876.75M	869.31M	854.32M	778.62M	719.51M	651.45M	565.08M
Diluted Earnings per Share	$1.65	($0.78)	($6.54)	($0.01)	$3.74	($6.88)	$11.95	$12.94	$4.98	($2.17)	$5.43
Weighted Average Diluted Shares Outstanding	1.33B	1.09B	930.56M	910.14M	889.51M	869.31M	864.88M	787.94M	725.23M	657.28M	570.35M
Weighted Average Basic & Diluted Shares Outstanding	1.15B	979.56M	902.47M	869.49M	873.42M	864.79M	814.76M	737.25M	680.95M	593.33M	536.56M
Cash Dividends to Common per Share	$0.81	$1.28	$1.28	-	-	$0.32	$0.32	$1.28	$1.40	$1.56	$1.75

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2,020	86	1,194	-3,977	459	898	698	1,144	519	735	763
Consolidated Net Income / (Loss)	2,747	-473	1,600	-3,884	457	901	698	1,144	524	731	763
Net Income / (Loss) Continuing Operations	701	1,286	797	475	481	144	698	1,144	524	731	763
Total Pre-Tax Income	1,100	1,112	1,058	617	649	553	960	1,544	714	661	987
Total Operating Income	1,158	-127	1,174	641	769	-1,189	1,049	1,589	813	738	1,214
Total Gross Profit	7,267	8,648	6,763	3,093	6,751	10,780	2,989	7,091	6,351	6,550	6,650
Total Revenue	7,267	2,251	6,763	6,560	6,751	1,362	6,783	7,091	6,351	6,550	6,650
Operating Revenue	7,267	2,251	6,763	6,560	6,751	1,362	6,783	7,091	6,351	6,550	6,650
Total Cost of Revenue	0.00	-6,397	0.00	3,467	0.00	-9,418	3,794	0.00	0.00	-	0.00
Total Operating Expenses	6,109	8,775	5,589	2,452	5,982	11,969	1,940	5,502	5,538	5,812	5,436
Selling, General & Admin Expense	1,311	614	1,238	1,610	1,346	559	1,115	1,162	1,297	1,479	1,137
Amortization Expense	922	623	838	842	863	616	825	847	850	849	824
Other Operating Expenses / (Income)	3,876	-	3,513	-	3,773	-	-	3,493	3,391	3,484	3,475
Total Other Income / (Expense), net	-58	1,239	-116	-24	-120	1,742	-89	-45	-99	-77	-227
Interest Expense	159	-1,156	116	126	112	-1,226	92	95	99	105	100
Other Income / (Expense), net	101	83	0.00	102	-8.00	516	3.00	50	0.00	28	-127
Income Tax Expense	399	-174	261	142	168	409	262	400	190	-70	224
Net Income / (Loss) Attributable to Noncontrolling Interest	720	-566	384	93	-2.00	3.00	0.00	0.00	5.00	-4.00	0.00
Basic Earnings per Share	$2.83	$0.11	$1.75	($6.02)	$0.72	$1.36	$1.18	$2.00	$0.94	$1.36	$1.42
Weighted Average Basic Shares Outstanding	712.60M	719.51M	682.58M	661.09M	641.62M	651.45M	593.84M	572.82M	553.31M	565.08M	538.05M
Diluted Earnings per Share	$2.81	$0.11	$1.74	($5.96)	$0.71	$1.34	$1.16	$1.98	$0.93	$1.36	$1.41
Weighted Average Diluted Shares Outstanding	718.73M	725.23M	687.96M	666.96M	647.37M	657.28M	599.24M	577.94M	558.52M	570.35M	542.16M
Weighted Average Basic & Diluted Shares Outstanding	702.04M	680.95M	663.67M	643.95M	623.77M	593.33M	576.33M	554.00M	539.58M	536.56M	530.21M
Cash Dividends to Common per Share	$0.36	-	$0.36	-	-	-	$0.40	-	-	-	$0.45

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-129	-24	497	621	-8.00	-57	-803	-211	4.00	-201	-27
Net Cash From Operating Activities	2,877	3,502	-7,818	-394	-1,807	1,038	6,223	4,134	6,243	3,273	3,314
Net Cash From Continuing Operating Activities	2,877	3,502	-7,818	-394	-1,807	1,038	6,223	4,622	6,953	3,377	3,314
Net Income / (Loss) Continuing Operations	2,222	-259	-6,060	103	4,121	-5,833	10,906	2,890	2,741	2,700	3,097
Consolidated Net Income / (Loss)	2,222	-349	-6,056	61	4,169	-5,829	10,906	11,273	3,878	-926	3,097
Net Income / (Loss) Discontinued Operations	0.00	-90	4.00	-42	48	4.00	0.00	8,383	1,137	-3,626	0.00
Depreciation Expense	4,629	4,090	3,874	5,362	5,006	4,120	4,542	3,861	3,841	3,597	3,455
Non-Cash Adjustments To Reconcile Net Income	3,323	-674	-10,260	-2,620	-1,285	6,274	-8,049	5,945	1,531	164	1,020
Changes in Operating Assets and Liabilities, net	-7,297	345	4,628	-3,239	-9,649	-3,523	-1,176	-8,074	-1,160	-3,084	-4,258
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-	-488	-710	-104	0.00
Net Cash From Investing Activities	8,462	3,252	14,041	-223	-5,475	-6,202	-3,280	-3,626	-7,021	1,672	3,190
Net Cash From Continuing Investing Activities	8,462	3,252	14,041	-223	-5,475	-6,202	-3,280	2,913	-2,487	5,843	3,190
Purchase of Investments	-53,962	-62,423	-51,779	-46,742	-63,027	-62,423	-79,406	-20,884	-29,190	-23,814	-26,465
Divestitures	0.00	2,809	792	10	2.00	2,173	4,683	0.00	2,568	587	0.00
Sale and/or Maturity of Investments	72,616	74,537	76,540	62,312	65,562	60,032	81,451	25,506	26,910	29,606	30,737
Other Investing Activities, net	-10,192	-11,671	-11,512	-10,086	-8,012	-5,984	-10,008	-1,709	-2,775	-536	-1,082
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-	-6,539	-4,534	-4,171	0.00
Net Cash From Financing Activities	-11,429	-6,833	-5,697	1,249	7,258	5,058	-3,679	-602	782	-5,063	-6,543
Net Cash From Continuing Financing Activities	-11,429	-6,833	-5,697	1,249	7,258	5,058	-3,679	-14,505	-2,748	-8,943	-6,543
Repayment of Debt	-8,987	-4,014	-3,729	-7,242	-1,602	-4,165	-7,419	-8,391	497	-1,443	-972
Repurchase of Preferred Equity	0.00	-	-	-	-	-	-	0.00	-29	-485	0.00
Repurchase of Common Equity	-10,691	-11,460	-6,275	-1,739	0.00	-500	-2,592	-5,200	-2,961	-6,652	-5,836
Payment of Dividends	-1,028	-1,372	-1,172	-1,138	-1,136	-1,132	-1,112	-982	-997	-1,002	-976
Issuance of Debt	6,867	5,954	3,356	4,734	3,881	6,324	4,445	97	742	661	1,241
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-	13,903	3,530	3,880	0.00
Effect of Exchange Rate Changes	-39	-	-	-	-	-	-67	-117	-	-83	12
Cash Interest Paid	-	-	-	-	-	1,147	1,348	1,127	1,059	858	389
Cash Income Taxes Paid	-	-	-	-	-	975	862	746	984	708	330

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-98	-271	-346	282	132	-272	36	433	-247	-249	183
Net Cash From Operating Activities	3,513	1,619	521	930	1,699	125	-56	1,391	1,343	636	155
Net Cash From Continuing Operating Activities	3,310	2,210	256	1,034	1,699	125	-56	1,391	1,343	636	155
Net Income / (Loss) Continuing Operations	701	862	797	-328	481	947	698	1,144	524	731	763
Consolidated Net Income / (Loss)	2,747	-473	1,600	-3,884	457	901	698	1,144	524	731	763
Depreciation Expense	869	948	851	838	856	990	866	883	831	875	849
Non-Cash Adjustments To Reconcile Net Income	1,577	2,044	-2,067	-246	762	1,361	-600	-1,208	1,750	1,078	-531
Changes in Operating Assets and Liabilities, net	163	-1,644	675	770	-400	-3,173	-1,020	572	-1,762	-2,048	-926
Net Cash From Investing Activities	-3,432	-2,948	306	-1,604	315	2,653	2,751	564	-56	-69	833
Net Cash From Continuing Investing Activities	-1,786	-892	2,980	2,567	315	2,653	2,751	564	-56	-69	833
Purchase of Investments	-5,813	-8,597	-4,258	3,527	-5,457	-9,972	-8,247	-5,847	-6,586	-5,785	-10,067
Sale and/or Maturity of Investments	4,540	6,139	7,414	-3,000	5,957	12,099	11,287	6,078	7,398	5,974	11,037
Other Investing Activities, net	-747	-765	-176	2,040	-191	-55	-289	333	-868	-258	-137
Net Cash From Financing Activities	-124	1,021	-1,144	993	-1,911	-3,004	-2,677	-1,535	-1,532	-799	-799
Net Cash From Continuing Financing Activities	-1,393	-740	-3,082	-3,416	-1,911	-2,475	-2,677	-1,535	-1,532	-799	-799
Repayment of Debt	-322	550	-692	-60	-152	-1,069	-214	-744	-41	27	-50
Repurchase of Common Equity	-810	-1,034	-1,640	-1,685	-1,505	-1,822	-2,229	-1,778	-1,245	-584	-508
Payment of Dividends	-254	-249	-243	-261	-254	-244	-234	-254	-246	-242	-241
Effect of Exchange Rate Changes	-	-	-29	-	29	-46	18	13	-2.00	-17	-6.00
Cash Interest Paid	109	314	181	289	111	277	72	128	68	121	67
Cash Income Taxes Paid	105	511	84	625	102	-103	96	62	-23	195	96

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	496,842	498,264	498,301	491,984	525,064	598,841	596,112	522,228	539,306	161,322	161,254
Total Current Assets	274,080	275,866	264,344	13,884	31,922	0.00	307,477	257,395	12,087	12,364	89,443
Cash & Equivalents	1,629	1,868	2,362	2,873	2,856	0.00	2,198	2,043	1,540	1,302	1,274
Short-Term Investments	261,000	256,334	251,734	-	18,792	0.00	15,668	15,953	580	599	6,696
Accounts Receivable	11,451	10,465	10,248	11,011	10,274	0.00	12,409	13,243	9,967	10,463	10,441
Other Current Assets	-	-	-	-	-	0.00	277,202	226,156	-	-	71,032
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	218,926	219,838	231,660	478,100	493,142	121,452	289,592	264,833	527,219	148,958	71,811
Long-Term Investments	46,576	38,536	33,594	271,074	271,839	0.00	20,374	17,436	85,803	89,745	12,384
Noncurrent Note & Lease Receivables	29,565	33,240	37,023	43,135	46,984	0.00	46,048	49,605	4,441	3,868	2,887
Goodwill	-	-	-	-	-	-	-	-	3,422	3,373	3,435
Noncurrent Deferred & Refundable Income Taxes	20,394	21,332	14,033	15,221	13,146	12,963	11,714	14,804	6,186	4,956	5,096
Other Noncurrent Operating Assets	122,391	126,730	147,010	148,670	161,173	108,489	211,456	182,988	48,589	47,016	48,009
Total Liabilities & Shareholders' Equity	496,842	498,264	498,301	491,984	525,064	598,841	596,112	522,228	539,306	161,322	161,254
Total Liabilities	406,632	421,406	432,593	434,675	457,637	532,906	527,200	478,774	488,005	118,772	120,092
Total Current Liabilities	271,645	281,226	282,105	87,207	81,756	3,796	82,502	78,630	70,888	69,168	71,018
Other Current Liabilities	271,645	275,120	282,105	87,207	81,756	3,796	82,502	78,630	70,888	69,168	71,018
Total Noncurrent Liabilities	131,151	139,698	149,899	347,468	375,881	251,846	444,698	400,144	417,117	49,604	49,074
Long-Term Debt	29,249	30,912	31,640	34,540	35,350	0.00	30,163	27,179	10,606	8,922	9,191
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	347	426	661
Other Noncurrent Operating Liabilities	101,902	108,786	118,259	312,928	340,531	251,846	414,535	372,965	40,047	40,256	39,222
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	90,210	76,858	65,708	57,309	67,427	65,935	68,912	43,454	51,301	42,550	41,162
Total Preferred & Common Equity	89,658	76,300	65,171	56,361	65,675	65,098	65,956	40,970	45,351	42,521	41,139
Total Common Equity	89,658	76,300	65,171	56,361	65,675	27,751	65,956	40,970	45,351	42,521	41,139
Common Stock	86,276	85,830	85,844	86,034	86,111	0.00	86,617	84,681	80,576	80,114	80,139
Retained Earnings	30,943	28,711	21,457	20,884	23,084	16,437	23,785	34,893	37,516	35,079	37,186
Treasury Stock	-30,098	-41,471	-47,595	-49,144	-48,987	0.00	-51,618	-56,473	-59,189	-65,573	-71,199
Accumulated Other Comprehensive Income / (Loss)	2,537	3,230	5,465	-1,413	4,982	11,314	6,687	-22,616	-14,037	-7,099	-4,987
Noncontrolling Interest	552	558	537	948	1,752	0.00	2,956	2,484	5,950	29	23

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	537,138	521,521	539,306	544,121	167,890	169,449	161,322	161,864	165,971	163,415	161,543
Total Current Assets	266,003	258,394	12,087	263,961	13,613	93,088	12,364	13,708	93,685	92,398	84,296
Cash & Equivalents	2,283	1,994	1,540	1,816	1,381	1,472	1,302	1,393	1,825	1,589	1,454
Short-Term Investments	16,067	16,054	580	15,977	563	14,440	599	631	9,987	8,361	680
Accounts Receivable	12,428	11,388	9,967	11,293	11,669	11,196	10,463	11,684	13,013	11,264	11,634
Other Current Assets	222,530	214,940	-	232,487	-	65,980	-	-	68,860	71,184	70,528
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	271,135	263,127	527,219	280,160	154,277	76,361	148,958	148,156	72,286	71,017	77,247
Long-Term Investments	16,556	18,403	85,803	21,277	91,138	13,378	89,745	88,102	11,599	10,989	17,504
Noncurrent Note & Lease Receivables	51,605	50,922	4,441	52,475	4,347	4,286	3,868	3,737	3,520	3,314	2,813
Goodwill	-	-	3,422	-	3,407	3,453	3,373	3,398	3,453	3,439	3,418
Noncurrent Deferred & Refundable Income Taxes	14,103	14,612	6,186	14,376	5,568	5,278	4,956	4,962	4,722	4,567	5,062
Other Noncurrent Operating Assets	188,871	179,190	48,589	192,032	49,632	49,829	47,016	47,957	48,992	48,708	48,450
Total Liabilities & Shareholders' Equity	537,138	521,521	539,306	544,121	167,890	169,449	161,322	161,864	165,971	163,415	161,543
Total Liabilities	490,647	478,308	488,005	495,011	123,415	124,376	118,772	120,405	124,442	122,298	121,114
Total Current Liabilities	83,309	83,305	70,888	75,188	71,613	71,521	69,168	71,052	70,156	70,263	70,297
Other Current Liabilities	73,714	73,188	70,888	73,375	70,218	71,521	69,168	69,291	70,156	70,263	70,297
Total Noncurrent Liabilities	407,338	395,003	417,117	419,823	51,802	52,855	49,604	49,353	54,286	52,035	50,817
Long-Term Debt	24,145	24,055	10,606	21,935	9,940	10,054	8,922	8,753	9,258	9,243	9,156
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	347	-	375	422	426	481	541	572	652
Other Noncurrent Operating Liabilities	383,193	370,948	40,047	397,888	41,334	42,301	40,256	40,119	44,487	42,220	41,009
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	46,491	43,213	51,301	49,110	44,475	45,073	42,550	41,459	41,529	41,117	40,429
Total Preferred & Common Equity	42,454	39,984	45,351	43,385	44,445	45,039	42,521	41,431	41,501	41,085	40,405
Total Common Equity	42,454	39,984	45,351	43,385	44,445	45,039	42,521	41,431	41,501	41,085	40,405
Common Stock	82,443	82,530	80,576	80,391	80,040	80,076	80,114	80,017	80,055	80,100	80,063
Retained Earnings	35,916	37,689	37,516	38,466	34,225	34,429	35,079	35,540	36,424	36,698	37,704
Treasury Stock	-57,408	-58,191	-59,189	-60,603	-62,255	-63,744	-65,573	-67,662	-69,430	-70,667	-71,647
Accumulated Other Comprehensive Income / (Loss)	-18,982	-22,529	-14,037	-14,869	-7,565	-5,722	-7,099	-6,464	-5,548	-5,046	-5,715
Noncontrolling Interest	4,037	3,229	5,950	5,725	30	34	29	28	28	32	24

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.61%	-5.63%	-6.28%	-6.90%	4.97%	-12.08%	19.25%	-42.49%	-6.86%	-2.46%	-1.75%
EBITDA Growth	-25.55%	-33.13%	8.17%	-32.81%	69.32%	-83.67%	921.01%	-56.40%	-15.83%	10.52%	-2.74%
EBIT Growth	-34.50%	-43.44%	18.27%	-75.60%	328.23%	-132.69%	783.06%	-68.90%	-28.47%	29.89%	-1.75%
NOPAT Growth	-32.74%	-20.59%	-799.00%	101.98%	762.96%	-16.63%	113.23%	-60.78%	-12.83%	-19.35%	28.52%
Net Income Growth	-70.47%	-115.71%	-1,635.24%	101.01%	6,734.43%	-239.82%	287.10%	3.37%	-65.60%	-123.88%	434.45%
EPS Growth	-68.27%	-147.27%	-738.46%	99.85%	37,500.00%	-283.96%	273.69%	8.28%	-61.51%	-143.57%	350.23%
Operating Cash Flow Growth	-42.54%	21.72%	-323.24%	94.96%	-358.63%	157.44%	499.52%	-33.57%	51.02%	-47.57%	1.25%
Free Cash Flow Firm Growth	316.16%	422.26%	-556.03%	70.10%	249.10%	-474.21%	-258.09%	116.24%	154.53%	-94.68%	19.40%
Invested Capital Growth	2.22%	-1.26%	0.05%	5.18%	-4.73%	29.64%	146.05%	-43.03%	-209.87%	-3.87%	-3.86%
Revenue Q/Q Growth	-2.54%	3.92%	-4.03%	-1.86%	-0.76%	-4.66%	9.47%	-47.18%	-25.56%	-42.02%	-2.29%
EBITDA Q/Q Growth	21.10%	3.56%	42.00%	-38.30%	43.69%	909.47%	14.94%	-66.79%	-5.01%	-24.45%	-11.63%
EBIT Q/Q Growth	33.80%	3.39%	102.32%	-75.26%	141.43%	47.65%	19.85%	-78.18%	-6.67%	-34.01%	-17.44%
NOPAT Q/Q Growth	13.06%	62.94%	-852.19%	102.94%	146.68%	39.98%	-14.22%	-73.23%	14.52%	-50.59%	4.62%
Net Income Q/Q Growth	-53.18%	-213.31%	-220.42%	101.01%	52.15%	-17.90%	88.00%	-28.72%	-20.82%	59.74%	-5.20%
EPS Q/Q Growth	-51.61%	-216.42%	-189.38%	99.84%	79.81%	-18.21%	86.43%	-26.18%	-13.99%	36.18%	0.37%
Operating Cash Flow Q/Q Growth	-0.24%	46.16%	-9.91%	-139.17%	-57.82%	353.79%	0.48%	-6.60%	30.31%	-31.34%	18.23%
Free Cash Flow Firm Q/Q Growth	-88.11%	-46.22%	-251.07%	57.49%	-3.92%	-393.47%	-1,170.95%	113.03%	1,591.40%	-35.99%	1,197.09%
Invested Capital Q/Q Growth	-0.75%	3.12%	-3.65%	1.16%	2.98%	36.45%	128.40%	22.84%	-243.70%	-255.85%	-241.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.54%	40.28%	41.12%	34.23%	82.47%	43.28%	47.55%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	24.79%	17.57%	20.28%	14.63%	47.21%	4.39%	37.55%	28.47%	25.72%	29.15%	28.85%
Operating Margin	14.39%	11.72%	14.80%	3.24%	27.38%	14.46%	22.14%	16.11%	12.08%	13.69%	15.65%
EBIT Margin	16.75%	10.04%	12.67%	3.32%	27.08%	-5.03%	28.84%	15.60%	11.98%	15.95%	15.95%
Profit (Net Income) Margin	3.86%	-0.64%	-11.90%	0.13%	8.38%	-13.33%	20.91%	37.58%	13.88%	-3.40%	11.57%
Tax Burden Percent	67.72%	471.62%	-413.10%	23.74%	157.71%	79.93%	81.71%	298.86%	135.26%	-23.93%	79.84%
Interest Burden Percent	34.04%	-1.36%	22.74%	16.34%	156.98%	331.20%	88.74%	80.63%	85.68%	89.05%	90.84%
Effective Tax Rate	32.28%	0.00%	513.37%	59.92%	44.11%	0.00%	18.29%	23.38%	4.39%	30.23%	20.16%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.63%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-90.87%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.43%	0.00%	0.00%	0.00%
Return on Equity (ROE)	2.25%	-0.42%	-8.50%	0.10%	0.00%	-8.74%	16.18%	20.06%	8.19%	-1.97%	7.40%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-301.89%	62.46%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.90%	1.10%	1.29%	0.32%	2.65%	-0.39%	2.52%	0.84%	0.63%	1.24%	2.65%
Return on Assets (ROA)	0.44%	-0.07%	-1.22%	0.01%	1.64%	-1.04%	1.83%	2.02%	0.73%	-0.26%	1.92%
Return on Common Equity (ROCE)	2.24%	-0.42%	-8.43%	0.10%	13.08%	-6.12%	11.24%	19.09%	7.46%	-1.85%	7.39%
Return on Equity Simple (ROE_SIMPLE)	2.48%	-0.46%	-9.29%	0.11%	12.70%	-8.95%	16.54%	27.52%	8.55%	-2.18%	0.00%
Net Operating Profit after Tax (NOPAT)	5,610	4,455	-31,139	615	5,309	4,426	9,438	3,701	3,227	2,602	3,345
NOPAT Margin	9.75%	8.20%	-61.18%	1.30%	10.67%	10.12%	18.09%	12.34%	11.55%	9.55%	12.49%
Net Nonoperating Expense Percent (NNEP)	-1.17%	-1.75%	9.52%	-0.22%	-0.46%	-4.48%	1.42%	98.51%	1.33%	-4.09%	-0.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.24%	5.21%	5.06%	6.64%
Cost of Revenue to Revenue	54.46%	59.72%	58.88%	65.77%	117.53%	56.72%	52.45%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	22.04%	20.23%	17.89%	19.63%	17.16%	19.20%	16.73%	20.53%	19.32%	20.29%	18.87%
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	31.14%	28.56%	26.32%	30.99%	27.54%	28.83%	25.41%	83.89%	87.92%	86.31%	84.35%
Earnings before Interest and Taxes (EBIT)	9,640	5,452	6,448	1,573	6,736	-2,202	15,041	4,678	3,346	4,346	4,270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14,269	9,542	10,322	6,935	11,742	1,918	19,583	8,539	7,187	7,943	7,725
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.69	0.72	0.69	0.53	0.60	1.08	0.68	1.10	1.03	1.07	1.12
Price to Tangible Book Value (P/TBV)	0.69	0.72	0.69	0.53	0.60	1.08	0.68	1.10	1.11	1.16	1.22
Price to Revenue (P/Rev)	1.07	1.02	0.88	0.63	0.79	0.69	0.85	1.50	1.67	1.67	1.72
Price to Earnings (P/E)	28.06	0.00	0.00	0.00	11.86	0.00	4.31	4.40	12.89	0.00	14.91
Dividend Yield	1.63%	2.38%	2.56%	3.77%	2.82%	3.67%	2.38%	2.12%	2.11%	2.14%	2.05%
Earnings Yield	3.56%	0.00%	0.00%	0.00%	8.43%	0.00%	23.19%	22.72%	7.76%	0.00%	6.71%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.64	1.11	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.69	0.76	1.30	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	15.67	2.02	4.58	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	2.62	8.36	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	6.79	4.18	10.57	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	28.95	6.34	9.46	0.00	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	1.29	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.40	0.48	0.60	1.05	0.00	0.44	0.63	0.21	0.21	0.22
Long-Term Debt to Equity	0.32	0.40	0.48	0.60	1.05	0.00	0.44	0.63	0.21	0.21	0.22
Financial Leverage	-2.94	-3.29	-3.69	-4.04	-3.99	-3.44	-1.54	-0.14	-1.04	-1.84	-1.98
Leverage Ratio	5.13	5.96	6.99	8.05	8.15	8.43	8.86	9.95	11.20	7.47	3.85
Compound Leverage Factor	1.74	-0.08	1.59	1.32	12.80	27.91	7.86	8.03	9.60	6.65	3.50
Debt to Total Capital	24.48%	28.68%	32.50%	37.61%	68.79%	0.00%	30.44%	38.48%	17.13%	17.33%	18.25%
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	24.48%	28.68%	32.50%	37.61%	68.79%	0.00%	30.44%	38.48%	17.13%	17.33%	18.25%
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	0.46%	0.52%	0.55%	1.03%	3.41%	0.00%	2.98%	3.52%	9.61%	0.06%	0.05%
Common Equity to Total Capital	75.05%	70.80%	66.95%	61.36%	127.80%	42.09%	66.57%	58.00%	73.26%	82.61%	81.70%
Debt to EBITDA	2.05	3.24	3.07	4.98	3.01	0.00	1.54	3.18	1.48	1.12	1.19
Net Debt to EBITDA	-19.62	-27.86	-24.81	-34.52	-43.97	0.00	-0.41	-0.97	-10.76	-10.41	-10.73
Long-Term Debt to EBITDA	2.05	3.24	3.07	4.98	6.02	0.00	1.54	3.18	1.48	1.12	1.19
Debt to NOPAT	5.21	6.94	-1.02	56.14	13.32	0.00	3.20	7.34	3.29	3.43	2.75
Net Debt to NOPAT	-49.90	-59.67	8.22	-389.16	-97.25	0.00	-0.86	-2.23	-23.96	-31.79	-24.78
Long-Term Debt to NOPAT	5.21	6.94	-1.02	56.14	13.32	0.00	3.20	7.34	3.29	3.43	2.75
Altman Z-Score	0.36	0.29	0.22	0.03	0.14	0.13	0.73	0.65	0.10	0.37	0.37
Noncontrolling Interest Sharing Ratio	0.47%	0.66%	0.77%	1.21%	4.33%	29.95%	30.51%	4.84%	8.90%	6.37%	0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	0.98	0.94	0.16	0.39	0.00	3.73	3.27	0.17	0.18	0.17
Quick Ratio	1.01	0.96	0.94	0.16	0.78	0.00	0.37	0.40	0.17	0.18	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,311	6,848	-31,228	-9,337	13,921	-52,094	-186,544	30,292	77,105	4,099	4,895
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	0.23	1.36	-6.57	-7.09	19.21	-10.23	-110.12	33.44	160.97	8.61	12.52
Operating Cash Flow to Interest Expense	0.50	0.70	-1.64	-0.30	-1.25	0.20	3.67	4.56	13.03	6.88	8.48
Operating Cash Flow Less CapEx to Interest Expense	0.50	0.70	-1.64	-0.30	-2.49	0.20	3.67	4.56	13.03	6.88	8.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.11	0.10	0.10	0.10	0.08	0.09	0.05	0.05	0.08	0.17
Accounts Receivable Turnover	4.90	4.96	4.91	4.46	4.67	0.00	0.00	2.34	2.41	2.67	2.56
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)	74.46	73.64	74.27	81.87	78.09	0.00	0.00	156.07	151.62	136.82	142.48
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)	74.46	73.64	74.27	81.87	156.17	0.00	0.00	156.07	151.62	136.82	142.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-189,746	-192,139	-192,050	-182,098	-190,710	-134,190	61,792	35,201	-38,677	-40,174	-41,724
Invested Capital Turnover	-0.30	-0.28	-0.27	-0.25	-0.27	-0.27	-1.44	0.62	-16.07	-0.69	-0.65
Increase / (Decrease) in Invested Capital	4,299	-2,393	89	9,952	-8,612	56,520	195,982	-26,591	-73,878	-1,497	-1,550
Enterprise Value (EV)	-217,784	-210,129	-210,568	-208,423	-216,930	30,054	39,461	39,120	-24,800	-37,285	-36,702
Market Capitalization	61,620	55,139	44,945	30,036	39,455	30,054	44,582	44,889	46,567	45,410	46,161
Book Value per Share	$72.48	$74.28	$72.50	$63.71	$75.49	$32.21	$79.44	$55.14	$64.60	$68.17	$76.24
Tangible Book Value per Share	$72.48	$74.28	$72.50	$63.71	$75.49	$32.21	$79.44	$55.14	$59.72	$62.76	$69.88
Total Capital	119,459	107,770	97,348	91,849	102,777	65,935	99,075	70,633	61,907	51,472	50,353
Total Debt	29,249	30,912	31,640	34,540	35,350	0.00	30,163	27,179	10,606	8,922	9,191
Total Long-Term Debt	29,249	30,912	31,640	34,540	35,350	0.00	30,163	27,179	10,606	8,922	9,191
Net Debt	-279,956	-265,826	-256,050	-239,407	-258,137	0.00	-8,077	-8,253	-77,317	-82,724	-82,886
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)	-260,194	-263,562	-271,857	-76,196	-71,482	-3,796	207,109	160,769	-60,921	-58,705	-60,577
Debt-free Net Working Capital (DFNWC)	2,435	-5,360	-17,761	-73,323	-49,834	-3,796	224,975	178,765	-58,801	-56,804	-58,612
Net Working Capital (NWC)	2,435	-5,360	-17,761	-73,323	-49,834	-3,796	224,975	178,765	-58,801	-56,804	-58,612
Net Nonoperating Expense (NNE)	3,388	4,804	-25,083	554	1,140	10,255	-1,468	-7,572	-651	3,528	248
Net Nonoperating Obligations (NNO)	-279,956	-268,997	-257,758	-239,407	-258,137	-200,125	-7,120	-8,253	-89,978	-82,724	-82,886
Total Depreciation and Amortization (D&A)	4,629	4,090	3,874	5,362	5,006	4,120	4,542	3,861	3,841	3,597	3,455
Debt-free, Cash-free Net Working Capital to Revenue	-452.11%	-485.28%	-534.10%	-160.79%	-287.39%	-8.68%	397.09%	535.97%	-218.06%	-215.42%	-226.24%
Debt-free Net Working Capital to Revenue	4.23%	-9.87%	-34.89%	-154.73%	278.19%	-8.68%	431.34%	595.96%	-210.47%	-208.45%	-218.91%
Net Working Capital to Revenue	4.23%	-9.87%	-34.89%	-154.73%	278.19%	-8.68%	431.34%	595.96%	-210.47%	-208.45%	-218.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.69	($0.78)	($6.54)	($0.01)	$3.79	($6.88)	$10.95	$13.16	$5.02	($2.19)	$5.48
Adjusted Weighted Average Basic Shares Outstanding	1.30B	1.09B	930.56M	898.41M	876.75M	869.31M	854.32M	778.62M	719.51M	651.45M	565.08M
Adjusted Diluted Earnings per Share	$1.65	($0.78)	($6.54)	($0.01)	$3.74	($6.88)	$10.82	$13.01	$4.98	($2.17)	$5.43
Adjusted Weighted Average Diluted Shares Outstanding	1.33B	1.09B	930.56M	910.14M	889.51M	869.31M	864.88M	787.94M	725.23M	657.28M	570.35M
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	1.15B	979.56M	902.47M	869.49M	873.42M	864.79M	814.76M	737.25M	680.95M	593.33M	536.56M
Normalized Net Operating Profit after Tax (NOPAT)	5,610	4,455	5,273	1,075	5,309	4,426	9,438	3,701	3,227	2,602	3,345
Normalized NOPAT Margin	9.75%	8.20%	10.36%	2.27%	10.67%	10.12%	18.09%	12.34%	11.55%	9.55%	12.49%
Pre Tax Income Margin	5.70%	-0.14%	2.88%	0.54%	10.63%	-16.68%	25.59%	12.58%	10.26%	14.20%	14.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.67	1.08	1.36	1.20	4.65	-0.43	8.88	5.16	6.99	9.13	10.92
NOPAT to Interest Expense	0.97	0.88	-6.55	0.47	7.33	0.87	5.57	4.09	6.74	5.47	8.55
EBIT Less CapEx to Interest Expense	1.67	1.08	1.36	1.20	4.65	-0.43	8.88	5.16	6.99	9.13	10.92
NOPAT Less CapEx to Interest Expense	0.97	0.88	-6.55	0.47	3.66	0.87	5.57	4.09	6.74	5.47	8.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.26%	-393.12%	-19.35%	1,865.57%	54.50%	-19.42%	10.20%	8.71%	25.71%	-108.21%	31.51%
Augmented Payout Ratio	527.41%	-3,676.79%	-122.97%	4,716.39%	54.50%	-28.00%	33.96%	54.84%	102.06%	-826.57%	219.95%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	536,559,663.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	536,559,663.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.42
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-48.09%	117.85%	14.51%	-11.78%	-7.10%	-39.49%	0.30%	8.09%	-5.93%	-8.74%	-1.96%
EBITDA Growth	-59.98%	108.76%	92.35%	-14.68%	-24.01%	-64.93%	-5.28%	53.50%	1.67%	-38.26%	0.94%
EBIT Growth	-69.92%	99.59%	214.96%	-26.80%	-39.56%	-1,429.55%	-10.39%	120.59%	6.83%	-54.08%	3.33%
NOPAT Growth	-75.08%	97.90%	197.61%	-49.53%	-22.77%	-110.80%	-13.76%	138.58%	4.69%	16.26%	23.05%
Net Income Growth	-11.01%	-186.47%	1,939.08%	-329.69%	-83.36%	290.49%	-56.38%	129.45%	14.66%	-18.87%	9.31%
EPS Growth	-20.85%	-88.04%	5,700.00%	-393.60%	-74.73%	1,118.18%	-33.33%	133.22%	30.99%	1.49%	21.55%
Operating Cash Flow Growth	4.27%	869.46%	4.43%	51.47%	-51.64%	-92.28%	-110.75%	49.89%	-20.95%	408.80%	376.79%
Free Cash Flow Firm Growth	101.02%	276.19%	-2,765.36%	1,099.70%	-31.10%	-98.39%	131.80%	-190.36%	-278.36%	7.60%	-195.62%
Invested Capital Growth	-6.08%	-209.87%	116.01%	-218.60%	-4.23%	-3.87%	-227.11%	170.74%	14.13%	-3.86%	175.03%
Revenue Q/Q Growth	-2.27%	-69.02%	-19.41%	-47.85%	2.91%	-79.83%	398.02%	4.54%	-10.44%	3.13%	1.53%
EBITDA Q/Q Growth	14.84%	-57.52%	6,083.78%	-64.30%	2.28%	-80.40%	505.05%	31.49%	-34.81%	-0.18%	17.98%
EBIT Q/Q Growth	24.04%	-103.49%	437.01%	-78.86%	2.42%	-188.44%	256.32%	55.80%	-50.40%	-5.78%	41.91%
NOPAT Q/Q Growth	-24.52%	-119.90%	383.79%	-81.97%	15.49%	-154.32%	346.34%	54.36%	-49.32%	36.79%	14.99%
Net Income Q/Q Growth	62.45%	-117.22%	438.27%	-342.75%	111.77%	97.16%	-22.53%	63.90%	-54.20%	39.50%	4.38%
EPS Q/Q Growth	38.42%	-96.09%	1,481.82%	-442.53%	111.91%	88.73%	-13.43%	70.69%	-53.03%	46.24%	3.68%
Operating Cash Flow Q/Q Growth	472.15%	-53.91%	-68.00%	79.19%	82.69%	-92.64%	-144.80%	2,583.93%	-3.45%	-52.64%	-75.63%
Free Cash Flow Firm Q/Q Growth	-58.59%	2,874.27%	-408.30%	131.95%	-97.62%	-30.48%	5,970.20%	-190.04%	95.31%	177.67%	-3,012.85%
Invested Capital Q/Q Growth	-17.51%	-243.70%	181.19%	-223.25%	166.61%	-255.85%	0.65%	168.59%	7.47%	-241.82%	171.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	384.18%	52.69%	47.15%	100.00%	791.48%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	29.28%	40.16%	35.20%	24.10%	23.95%	23.27%	28.28%	35.57%	25.89%	25.05%	29.11%
Operating Margin	15.94%	-5.64%	27.90%	9.77%	11.39%	-87.30%	15.47%	22.41%	12.80%	11.27%	18.26%
EBIT Margin	17.32%	-1.95%	27.95%	11.33%	11.27%	-49.41%	15.51%	23.11%	12.80%	11.69%	16.35%
Profit (Net Income) Margin	37.80%	-21.01%	12.72%	-59.21%	6.77%	66.15%	10.29%	16.13%	8.25%	11.16%	11.47%
Tax Burden Percent	249.73%	-42.54%	78.01%	-629.50%	70.42%	162.93%	72.71%	74.09%	73.39%	110.59%	77.31%
Interest Burden Percent	87.37%	-2,527.27%	58.35%	83.04%	85.28%	-82.17%	91.25%	94.20%	87.82%	86.29%	90.80%
Effective Tax Rate	36.27%	-15.65%	21.99%	23.01%	25.89%	73.96%	27.29%	25.91%	26.61%	-10.59%	22.70%
Return on Invested Capital (ROIC)	13.72%	0.00%	0.00%	0.00%	15.06%	0.00%	0.00%	0.00%	9.33%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.31%	0.00%	0.00%	0.00%	15.70%	0.00%	0.00%	0.00%	9.80%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.11%	0.00%	0.00%	0.00%	-6.33%	0.00%	0.00%	0.00%	-3.52%	0.00%	0.00%
Return on Equity (ROE)	13.82%	8.19%	11.66%	-0.02%	8.73%	-1.97%	-4.04%	7.44%	5.81%	7.40%	7.72%
Cash Return on Invested Capital (CROIC)	16.41%	0.00%	-705.83%	0.00%	24.31%	0.00%	0.00%	-229.79%	-1.62%	0.00%	-221.51%
Operating Return on Assets (OROA)	1.25%	-0.10%	2.50%	1.53%	1.53%	-3.84%	1.20%	3.85%	2.11%	1.94%	2.69%
Return on Assets (ROA)	2.72%	-1.11%	1.14%	-7.98%	0.92%	5.15%	0.80%	2.69%	1.36%	1.85%	1.89%
Return on Common Equity (ROCE)	12.97%	7.46%	10.60%	-0.02%	8.41%	-1.85%	-3.78%	7.44%	5.80%	7.39%	7.72%
Return on Equity Simple (ROE_SIMPLE)	12.25%	0.00%	12.83%	-0.02%	-5.11%	0.00%	-4.41%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	738	-147	2,737	493	570	-310	763	1,177	597	816	938
NOPAT Margin	10.16%	-6.52%	21.76%	7.52%	8.44%	-22.73%	11.24%	16.60%	9.39%	12.46%	14.11%
Net Nonoperating Expense Percent (NNEP)	14.03%	-0.66%	-0.87%	-9.02%	-0.63%	1.40%	-0.13%	-0.07%	-0.47%	-0.10%	-0.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.24%	-	-	-	-0.60%	1.52%	2.32%	1.18%	1.62%	1.89%
Cost of Revenue to Revenue	0.00%	-284.18%	47.31%	52.85%	0.00%	-691.48%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	18.04%	27.28%	16.01%	24.54%	19.94%	41.04%	16.44%	16.39%	20.42%	22.58%	17.10%
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	84.07%	389.83%	24.79%	37.38%	88.61%	878.78%	84.53%	77.59%	87.20%	88.73%	81.74%
Earnings before Interest and Taxes (EBIT)	1,259	-44	3,515	743	761	-673	1,052	1,639	813	766	1,087
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,128	904	4,428	1,581	1,617	317	1,918	2,522	1,644	1,641	1,936
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.06	1.03	1.26	1.11	1.05	1.07	1.25	1.19	1.06	1.12	1.00
Price to Tangible Book Value (P/TBV)	1.06	1.11	1.26	1.20	1.13	1.16	1.36	1.30	1.16	1.22	1.09
Price to Revenue (P/Rev)	1.13	1.67	1.13	1.04	1.00	1.67	1.89	1.77	1.59	1.72	1.52
Price to Earnings (P/E)	10.37	12.89	11.41	0.00	0.00	0.00	0.00	15.42	13.35	14.91	12.77
Dividend Yield	2.29%	2.11%	1.85%	1.99%	2.08%	2.14%	1.84%	1.93%	2.16%	2.05%	2.39%
Earnings Yield	9.64%	7.76%	8.77%	0.00%	0.00%	0.00%	0.00%	6.49%	7.49%	6.71%	7.83%
Enterprise Value to Invested Capital (EV/IC)	1.23	0.00	1.37	0.00	1.08	0.00	0.00	1.29	1.08	0.00	1.00
Enterprise Value to Revenue (EV/Rev)	0.88	0.00	0.89	0.00	0.59	0.00	0.00	1.27	1.16	0.00	1.12
Enterprise Value to EBITDA (EV/EBITDA)	4.37	0.00	3.82	0.00	2.66	0.00	0.00	4.04	3.64	0.00	3.86
Enterprise Value to EBIT (EV/EBIT)	9.23	0.00	5.87	0.00	4.24	0.00	0.00	6.88	6.16	0.00	6.95
Enterprise Value to NOPAT (EV/NOPAT)	11.74	0.00	7.32	0.00	5.31	0.00	0.00	11.11	9.96	0.00	8.49
Enterprise Value to Operating Cash Flow (EV/OCF)	6.90	0.00	6.89	0.00	5.86	0.00	0.00	11.14	11.36	0.00	8.49
Enterprise Value to Free Cash Flow (EV/FCFF)	7.26	0.00	0.00	0.00	4.36	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.21	0.45	0.22	0.22	0.21	0.21	0.22	0.22	0.22	0.23
Long-Term Debt to Equity	0.56	0.21	0.45	0.22	0.22	0.21	0.21	0.22	0.22	0.22	0.23
Financial Leverage	-0.34	-1.04	-2.73	-1.07	-0.40	-1.84	-1.09	-1.13	-0.36	-1.98	-1.12
Leverage Ratio	12.40	11.20	11.33	7.75	7.83	7.47	7.80	3.88	3.86	3.85	3.95
Compound Leverage Factor	10.84	-283.13	6.61	6.44	6.67	-6.13	7.11	3.66	3.39	3.33	3.59
Debt to Total Capital	35.76%	17.13%	30.87%	18.27%	18.24%	17.33%	17.43%	18.23%	18.35%	18.25%	18.47%
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	35.76%	17.13%	30.87%	18.27%	18.24%	17.33%	17.43%	18.23%	18.35%	18.25%	18.47%
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	4.80%	9.61%	8.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.05%	0.05%
Common Equity to Total Capital	59.44%	73.26%	61.07%	81.68%	81.70%	82.61%	82.51%	81.72%	81.58%	81.70%	81.49%
Debt to EBITDA	3.18	1.48	1.94	0.90	0.96	1.12	1.12	1.06	1.06	1.19	1.18
Net Debt to EBITDA	-1.64	-10.76	-1.52	-7.54	-1.83	-10.41	-10.38	-1.62	-1.34	-10.73	-1.35
Long-Term Debt to EBITDA	3.18	1.48	1.94	0.90	0.96	1.12	1.12	1.06	1.06	1.19	1.18
Debt to NOPAT	8.54	3.29	3.72	1.83	1.91	3.43	3.52	2.92	2.89	2.75	2.60
Net Debt to NOPAT	-4.40	-23.96	-2.90	-15.34	-3.65	-31.79	-32.73	-4.47	-3.66	-24.78	-2.97
Long-Term Debt to NOPAT	8.54	3.29	3.72	1.83	1.91	3.43	3.52	2.92	2.89	2.75	2.60
Altman Z-Score	0.64	0.08	0.69	0.41	0.96	0.27	0.33	0.92	0.87	0.30	0.82
Noncontrolling Interest Sharing Ratio	6.18%	8.90%	9.13%	4.47%	3.70%	6.37%	6.35%	0.07%	0.08%	0.06%	0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.10	0.17	3.51	0.19	1.30	0.18	0.19	1.34	1.32	0.17	1.20
Quick Ratio	0.35	0.17	0.39	0.19	0.38	0.18	0.19	0.35	0.30	0.17	0.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,479	73,731	-224,794	71,822	1,708	1,187	72,077	-64,898	-3,046	2,366	-68,923
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	15.59	0.00	-153.55	570.02	15.25	0.00	783.44	-683.13	-30.77	22.53	-689.23
Operating Cash Flow to Interest Expense	22.09	0.00	0.35	7.38	15.17	0.00	-0.61	14.64	13.57	6.06	1.55
Operating Cash Flow Less CapEx to Interest Expense	22.09	0.00	0.35	7.38	15.17	0.00	-0.61	14.64	13.57	6.06	1.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.05	0.09	0.13	0.14	0.08	0.08	0.17	0.16	0.17	0.16
Accounts Receivable Turnover	3.02	2.41	3.61	3.94	4.16	2.67	2.37	2.25	2.44	2.56	2.29
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)	120.90	151.62	101.12	92.54	87.69	136.82	153.76	162.02	149.59	142.48	159.73
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)	120.90	151.62	101.12	92.54	87.69	136.82	153.76	162.02	149.59	142.48	159.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	26,916	-38,677	31,400	-38,699	25,778	-40,174	-39,914	27,376	29,421	-41,724	29,947
Invested Capital Turnover	1.35	-16.07	-0.59	-15.66	1.78	-0.69	-6.41	-4.91	0.99	-0.65	-5.35
Increase / (Decrease) in Invested Capital	-1,741	-73,878	227,531	-71,329	-1,138	-1,497	-71,314	66,075	3,643	-1,550	69,861
Enterprise Value (EV)	33,076	-24,800	43,172	-33,841	27,955	-37,285	-29,761	35,203	31,847	-36,702	29,918
Market Capitalization	42,243	46,567	54,582	49,271	47,157	45,410	51,584	49,328	43,511	46,161	40,376
Book Value per Share	$56.17	$64.60	$63.56	$66.97	$69.94	$68.17	$69.83	$72.01	$74.16	$76.24	$75.30
Tangible Book Value per Share	$56.17	$59.72	$63.56	$61.84	$64.58	$62.76	$64.10	$66.02	$67.95	$69.88	$68.93
Total Capital	67,268	61,907	71,045	54,415	55,127	51,472	50,212	50,787	50,360	50,353	49,585
Total Debt	24,055	10,606	21,935	9,940	10,054	8,922	8,753	9,258	9,243	9,191	9,156
Total Long-Term Debt	24,055	10,606	21,935	9,940	10,054	8,922	8,753	9,258	9,243	9,191	9,156
Net Debt	-12,396	-77,317	-17,135	-83,142	-19,236	-82,724	-81,373	-14,153	-11,696	-82,886	-10,482
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)	157,041	-60,921	170,980	-59,944	5,655	-58,705	-59,368	11,717	12,185	-60,577	11,865
Debt-free Net Working Capital (DFNWC)	175,089	-58,801	188,773	-58,000	21,567	-56,804	-57,344	23,529	22,135	-58,612	13,999
Net Working Capital (NWC)	175,089	-58,801	188,773	-58,000	21,567	-56,804	-57,344	23,529	22,135	-58,612	13,999
Net Nonoperating Expense (NNE)	-2,009	326	1,137	4,377	113	-1,211	65	33	73	85	175
Net Nonoperating Obligations (NNO)	-16,297	-89,978	-17,710	-83,174	-19,295	-82,724	-81,373	-14,153	-11,696	-82,886	-10,482
Total Depreciation and Amortization (D&A)	869	948	913	838	856	990	866	883	831	875	849
Debt-free, Cash-free Net Working Capital to Revenue	418.42%	-218.06%	353.29%	-126.14%	12.03%	-215.42%	-217.70%	42.14%	44.47%	-226.24%	44.53%
Debt-free Net Working Capital to Revenue	466.51%	-210.47%	390.06%	-122.05%	45.88%	-208.45%	-210.27%	84.63%	80.78%	-218.91%	52.54%
Net Working Capital to Revenue	466.51%	-210.47%	390.06%	-122.05%	45.88%	-208.45%	-210.27%	84.63%	80.78%	-218.91%	52.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.83	$0.11	$1.75	($6.02)	$0.72	$1.36	$1.18	$2.00	$0.94	$1.36	$1.42
Adjusted Weighted Average Basic Shares Outstanding	712.60M	719.51M	682.58M	661.09M	641.62M	651.45M	593.84M	572.82M	553.31M	565.08M	538.05M
Adjusted Diluted Earnings per Share	$2.81	$0.11	$1.74	($5.96)	$0.71	$1.34	$1.16	$1.98	$0.93	$1.36	$1.41
Adjusted Weighted Average Diluted Shares Outstanding	718.73M	725.23M	687.96M	666.96M	647.37M	657.28M	599.24M	577.94M	558.52M	570.35M	542.16M
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	702.04M	680.95M	663.67M	643.95M	623.77M	593.33M	576.33M	554.00M	539.58M	536.56M	530.21M
Normalized Net Operating Profit after Tax (NOPAT)	738	-89	2,737	493	570	-832	763	1,177	597	517	938
Normalized NOPAT Margin	10.16%	-3.95%	21.76%	7.52%	8.44%	-61.11%	11.24%	16.60%	9.39%	7.89%	14.11%
Pre Tax Income Margin	15.14%	49.40%	16.31%	9.41%	9.61%	40.60%	14.15%	21.77%	11.24%	10.09%	14.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.92	0.00	2.40	5.90	6.79	0.00	11.43	17.25	8.21	7.30	10.87
NOPAT to Interest Expense	4.64	0.00	1.87	3.92	5.09	0.00	8.29	12.39	6.03	7.77	9.38
EBIT Less CapEx to Interest Expense	7.92	0.00	2.40	5.90	6.79	0.00	11.43	17.25	8.21	7.30	10.87
NOPAT Less CapEx to Interest Expense	4.64	0.00	1.87	3.92	5.09	0.00	8.29	12.39	6.03	7.77	9.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.23%	25.71%	18.60%	-10,360.00%	-45.04%	-108.21%	-54.32%	30.81%	29.94%	31.51%	31.09%
Augmented Payout Ratio	75.95%	102.06%	90.91%	-62,050.00%	-300.00%	-826.57%	-450.44%	260.00%	246.46%	219.95%	161.23%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven snapshot of American International Group, Inc. (NYSE: AIG) using the last four years of quarterly data across the income statement, balance sheet, and cash flow statement. The focus is on identifying trends in revenue, profitability, and cash flow to help retail investors gauge underlying performance and capital dynamics.

Q4 2025 Operating Revenue rose to $6.55B, up from about $1.36B in Q4 2024, signaling a substantial top-line uptick in the latest quarter.
Q2–Q4 2025 Net Cash From Continuing Operating Activities turned positive, with about $1.39B (Q2 2025) and $1.34B (Q3 2025), and $0.64B (Q4 2025), indicating improving operating cash flow after earlier quarters.
Q4 2025 Diluted EPS reached $1.36, up from $0.93 in Q3 2025, marking improved quarterly profitability per share in the latest quarter.
Total assets remained in a sizable range around $160–165B in 2025, with Q3 2025 showing roughly $163.4B and Q2 2025 about $166B, indicating a stable and sizable asset base.
Long-term investments hovered around $11B in mid-2025, reflecting continued allocation to longer-term asset classes as part of the investment portfolio strategy.
The quarterly revenue and earnings exhibit volatility, with a pronounced spike in Q4 2025 that may reflect one-off factors or timing effects rather than a steady, linear trend.
Investing activities show ongoing cash outflows due to purchases of investments (for example, Q4 2025: Purchase of Investments around $5.79B), which is common for insurers building and rebalancing portfolios.
Financing activities typically show net cash outflows driven by dividends and share repurchases, contributing to negative net financing cash flow in several quarters.
Net income attributable to common shareholders declined in Q4 2025 to about $735M, down from $898M in Q4 2024, signaling a year-over-year earnings decline for the latest quarter.
Net cash from financing activities remained negative in multiple quarters (e.g., Q4 2025 around -$799M; Q3 2025 around -$1.53B), reflecting ongoing shareholder returns and debt management that reduce cash despite operating strength.

05/06/26 03:22 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About American International Group's Financials

When does American International Group's financial year end?

According to the most recent income statement we have on file, American International Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

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 $3.10 billion in 2025, rising from $2.22 billion in 2015. The previous period was -$926 million in 2024. Check out American International Group's forecast to explore projected trends and price targets.

What is American International Group's operating income?

American International Group's total operating income in 2025 was $4.19 billion, based on the following breakdown:

Total Gross Profit: $26.78 billion
Total Operating Expenses: $22.59 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 $57.55 billion in 2015 to $26.78 billion in 2025, a change of -53.5%.

How much debt does American International Group have?

American International Group's total liabilities were at $120.09 billion at the end of 2025, a 1.1% increase from 2024, and a 70.5% decrease since 2015.

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 $1.27 billion as of their latest financial filing in 2025.

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 72.48 in 2015 to 76.24 in 2025, a change of 5.2%.

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Financial statements for NYSE:AIG last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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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 Metrics And Ratios for American International Group

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