Q1 2026 American International Group Inc Earnings Call Transcript
Key Points
- American International Group Inc (AIG) reported an 18% year-over-year increase in General Insurance net premiums written, driven by strong growth in both Global Commercial and Global Personal Insurance businesses.
- The company achieved an adjusted after-tax income per diluted share of $2.11, marking an 80% increase year-over-year.
- AIG's expense ratio improved by 120 basis points year-over-year to 29.3%, reflecting increased operating leverage and expense discipline.
- The company returned $760 million of capital to shareholders during the quarter, including $519 million in share repurchases and $241 million in dividends.
- AIG's AI and digital strategies have shown promising results, with AI implementation in underwriting leading to a 30% improvement in quoting more submissions and a 40% increase in binding submissions.
- The ongoing conflict in the Middle East poses a risk to AIG's operations, although the direct impact has not been material so far.
- The US property market remains highly competitive, with pricing pressure affecting the Lexington large account shared and layered business.
- AIG's International Commercial accident year combined ratio as adjusted showed only a modest improvement of 30 basis points.
- The company's private equity returns were below long-term expectations, yielding only 1.6% in the quarter.
- AIG's direct lending exposure, although diversified, remains a concern given the current market conditions, with a total exposure of $1.2 billion.
Thanks very much, Michelle, and good morning. Today's remarks may include forward-looking statements, which are subject to risks and uncertainties. These statements are not guarantees of future performance or events and are based on management's current expectations. AIG's filings with the SEC provide details on important factors that could cause actual results or events to differ materially.
Except as required by applicable securities laws, AIG is under no obligation to update any forward-looking statements if circumstances or management's estimates or opinions should change. Today's remarks may also refer to non-GAAP financial measures.
The reconciliation of such measures to the most comparable GAAP figures is included in our earnings release, financial supplement and earnings presentation, all of which are available on our website at aig.com. With that, I'd now like to turn the call over to our Chairman and CEO, Peter Zaffino.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
