American International Group (AIG)
Market Price (11/3/2026): $82.39 | Market Cap: $43.1 BilInvestor Relations Sector: Financials | Industry: Multi-line Insurance
American International Group (AIG)
Market Price (11/3/2026): $82.39Market Cap: $43.1 BilSector: FinancialsIndustry: Multi-line Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 8.8% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -63% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 3.9 Bil, FCF LTM is 3.9 Bil Stock buyback supportStock Buyback 3Y Total is 16 Bil Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include AI in Financial Services, Digital & Alternative Assets, and Sustainable Finance. Themes include AI for Fraud Detection, Show more. | Trading close to highsDist 52W High is -3.0%, Dist 3Y High is -3.0% Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -38% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9% Key risksAIG key risks include [1] diminished financial strength, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 8.8% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -63% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 3.9 Bil, FCF LTM is 3.9 Bil |
| Stock buyback supportStock Buyback 3Y Total is 16 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include AI in Financial Services, Digital & Alternative Assets, and Sustainable Finance. Themes include AI for Fraud Detection, Show more. |
| Trading close to highsDist 52W High is -3.0%, Dist 3Y High is -3.0% |
| Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -38% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9% |
| Key risksAIG key risks include [1] diminished financial strength, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/1/2026
American International Group (AIG) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Outperformance. AIG reported adjusted after-tax income per diluted share of $2.00 for fiscal Q2 2026 (ended June 30, 2026), exceeding analyst consensus estimates of $1.92 by $0.08, as announced on August 7, 2026. This positive earnings surprise was further supported by a 10% increase in General Insurance underwriting income and an improved combined ratio of 88.1%, indicating robust operational performance.
2. Strategic Growth Initiatives and Business Expansion. During the specified period, AIG actively pursued strategic growth, notably expanding its cyber insurance offerings on August 13, 2026, to address cloud outage risks for businesses. Furthermore, on October 30, 2026, the company announced an agreement to acquire Everest's insurance operations in Chile and completed its acquisition of Everest Colombia, signaling strategic expansion in international markets.
Show more
American International Group (AIG) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Outperformance. AIG reported adjusted after-tax income per diluted share of $2.00 for fiscal Q2 2026 (ended June 30, 2026), exceeding analyst consensus estimates of $1.92 by $0.08, as announced on August 7, 2026. This positive earnings surprise was further supported by a 10% increase in General Insurance underwriting income and an improved combined ratio of 88.1%, indicating robust operational performance.
2. Strategic Growth Initiatives and Business Expansion. During the specified period, AIG actively pursued strategic growth, notably expanding its cyber insurance offerings on August 13, 2026, to address cloud outage risks for businesses. Furthermore, on October 30, 2026, the company announced an agreement to acquire Everest's insurance operations in Chile and completed its acquisition of Everest Colombia, signaling strategic expansion in international markets.
Show more
Updated on 11/1/2026
American International Group (AIG) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Outperformance. AIG reported adjusted after-tax income per diluted share of $2.00 for fiscal Q2 2026 (ended June 30, 2026), exceeding analyst consensus estimates of $1.92 by $0.08, as announced on August 7, 2026. This positive earnings surprise was further supported by a 10% increase in General Insurance underwriting income and an improved combined ratio of 88.1%, indicating robust operational performance.
2. Strategic Growth Initiatives and Business Expansion. During the specified period, AIG actively pursued strategic growth, notably expanding its cyber insurance offerings on August 13, 2026, to address cloud outage risks for businesses. Furthermore, on October 30, 2026, the company announced an agreement to acquire Everest's insurance operations in Chile and completed its acquisition of Everest Colombia, signaling strategic expansion in international markets.
3. Supportive Analyst Outlook and Positive Sector Momentum. Despite a consensus "Hold" rating from analysts, a significant number of firms provided an average 12-month price target ranging from approximately $86.86 to $87.78, suggesting potential upside from current stock levels. This was reinforced by a general positive sentiment in the insurance sector, with share prices in the segment rising 5.2% on average over the month leading up to November 2, 2026.
4. Positive Anticipation Ahead of Fiscal Q3 2026 Earnings. The upcoming release of AIG's fiscal Q3 2026 earnings on November 3, 2026, likely generated positive investor anticipation. The company has a consistent track record of exceeding EPS estimates in 7 out of its last 8 quarters, which may have contributed to optimism despite analyst projections for a slight year-over-year decline in Q3 EPS to $1.88.
Show less
American International Group (AIG) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Outperformance. AIG reported adjusted after-tax income per diluted share of $2.00 for fiscal Q2 2026 (ended June 30, 2026), exceeding analyst consensus estimates of $1.92 by $0.08, as announced on August 7, 2026. This positive earnings surprise was further supported by a 10% increase in General Insurance underwriting income and an improved combined ratio of 88.1%, indicating robust operational performance.
2. Strategic Growth Initiatives and Business Expansion. During the specified period, AIG actively pursued strategic growth, notably expanding its cyber insurance offerings on August 13, 2026, to address cloud outage risks for businesses. Furthermore, on October 30, 2026, the company announced an agreement to acquire Everest's insurance operations in Chile and completed its acquisition of Everest Colombia, signaling strategic expansion in international markets.
3. Supportive Analyst Outlook and Positive Sector Momentum. Despite a consensus "Hold" rating from analysts, a significant number of firms provided an average 12-month price target ranging from approximately $86.86 to $87.78, suggesting potential upside from current stock levels. This was reinforced by a general positive sentiment in the insurance sector, with share prices in the segment rising 5.2% on average over the month leading up to November 2, 2026.
4. Positive Anticipation Ahead of Fiscal Q3 2026 Earnings. The upcoming release of AIG's fiscal Q3 2026 earnings on November 3, 2026, likely generated positive investor anticipation. The company has a consistent track record of exceeding EPS estimates in 7 out of its last 8 quarters, which may have contributed to optimism despite analyst projections for a slight year-over-year decline in Q3 EPS to $1.88.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 5.6% change in AIG stock from 7/31/2026 to 11/2/2026 was primarily driven by a 10.8% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 78.06 | 82.40 | 5.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,616 | 26,661 | 0.2% |
| Net Income Margin (%) | 11.9% | 11.1% | -6.4% |
| P/E Multiple | 13.3 | 14.7 | 10.8% |
| Shares Outstanding (Mil) | 538 | 530 | 1.6% |
| Cumulative Contribution | 5.6% |
Market Drivers
7/31/2026 to 11/2/2026| Return | Correlation | |
|---|---|---|
| AIG | 5.6% | |
| Market (SPY) | 0.7% | -12.9% |
| Sector (XLF) | 1.1% | 44.6% |
Fundamental Drivers
The 11.6% change in AIG stock from 4/30/2026 to 11/2/2026 was primarily driven by a 14.1% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.82 | 82.40 | 11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,774 | 26,661 | -0.4% |
| Net Income Margin (%) | 11.6% | 11.1% | -3.8% |
| P/E Multiple | 12.9 | 14.7 | 14.1% |
| Shares Outstanding (Mil) | 541 | 530 | 2.1% |
| Cumulative Contribution | 11.6% |
Market Drivers
4/30/2026 to 11/2/2026| Return | Correlation | |
|---|---|---|
| AIG | 11.6% | |
| Market (SPY) | 4.9% | -18.0% |
| Sector (XLF) | 10.8% | 42.4% |
Fundamental Drivers
The 6.9% change in AIG stock from 10/31/2025 to 11/2/2026 was primarily driven by a 8.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 77.06 | 82.40 | 6.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,743 | 26,661 | -3.9% |
| Net Income Margin (%) | 11.5% | 11.1% | -3.6% |
| P/E Multiple | 13.8 | 14.7 | 6.6% |
| Shares Outstanding (Mil) | 573 | 530 | 8.2% |
| Cumulative Contribution | 6.9% |
Market Drivers
10/31/2025 to 11/2/2026| Return | Correlation | |
|---|---|---|
| AIG | 6.9% | |
| Market (SPY) | 11.2% | -2.9% |
| Sector (XLF) | 11.3% | 35.7% |
Fundamental Drivers
The 43.7% change in AIG stock from 10/31/2023 to 11/2/2026 was primarily driven by a 70.5% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.35 | 82.40 | 43.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,852 | 26,661 | 34.3% |
| Net Income Margin (%) | 24.3% | 11.1% | -54.2% |
| P/E Multiple | 8.6 | 14.7 | 70.5% |
| Shares Outstanding (Mil) | 726 | 530 | 37.1% |
| Cumulative Contribution | 43.7% |
Market Drivers
10/31/2023 to 11/2/2026| Return | Correlation | |
|---|---|---|
| AIG | 43.7% | |
| Market (SPY) | 86.0% | 32.1% |
| Sector (XLF) | 85.7% | 56.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIG Return | 54% | 14% | 10% | 10% | 20% | -2% | 149% |
| Peers Return | 26% | 18% | 5% | 29% | 19% | 15% | 174% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| AIG Win Rate | 67% | 67% | 58% | 58% | 67% | 45% | |
| Peers Win Rate | 55% | 55% | 62% | 68% | 62% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| AIG Max Drawdown | -16% | -25% | -26% | -12% | -14% | -16% | |
| Peers Max Drawdown | -12% | -19% | -19% | -12% | -13% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CB, TRV, HIG, CNA, WRB. See AIG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/2/2026 (YTD)
How Low Can It Go
| Event | AIG | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.4% | -6.7% |
| % Gain to Breakeven | 30.5% | 7.1% |
| Time to Breakeven | 132 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.8% | -24.5% |
| % Gain to Breakeven | 18.8% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.5% | -33.7% |
| % Gain to Breakeven | 159.8% | 50.9% |
| Time to Breakeven | 357 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -30.7% | -19.2% |
| % Gain to Breakeven | 44.3% | 23.8% |
| Time to Breakeven | 160 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.2% | -12.2% |
| % Gain to Breakeven | 26.9% | 13.9% |
| Time to Breakeven | 255 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -12.4% | -6.8% |
| % Gain to Breakeven | 14.2% | 7.3% |
| Time to Breakeven | 35 days | 15 days |
In The Past
American International Group's stock fell 0.0% during the 2025 US Tariff Shock. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | AIG | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.4% | -6.7% |
| % Gain to Breakeven | 30.5% | 7.1% |
| Time to Breakeven | 132 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.5% | -33.7% |
| % Gain to Breakeven | 159.8% | 50.9% |
| Time to Breakeven | 357 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -30.7% | -19.2% |
| % Gain to Breakeven | 44.3% | 23.8% |
| Time to Breakeven | 160 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.2% | -12.2% |
| % Gain to Breakeven | 26.9% | 13.9% |
| Time to Breakeven | 255 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.7% | -17.9% |
| % Gain to Breakeven | 42.2% | 21.8% |
| Time to Breakeven | 149 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -25.6% | -15.4% |
| % Gain to Breakeven | 34.5% | 18.2% |
| Time to Breakeven | 125 days | 125 days |
In The Past
American International Group's stock fell 0.0% during the 2025 US Tariff Shock. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About American International Group (AIG)
American International Group (AIG) is a global insurance company that provides a comprehensive suite of insurance products and financial services to commercial, institutional, and individual customers across North America and internationally. The company operates through two primary segments: General Insurance and Life and Retirement.
The General Insurance segment offers an extensive range of property and casualty coverage. This includes core commercial lines such as general liability, workers' compensation, commercial property, and auto liability, along with specialized areas like aerospace, marine, and political risk insurance. It also provides professional liability products, including directors and officers (D&O), cyber risk, and errors and omissions (E&O) insurance. For individual clients, this segment offers personal auto, homeowners, umbrella, and travel insurance products.
AIG's Life and Retirement segment focuses on long-term financial security and planning. Its offerings comprise a variety of annuities, including variable, index, and fixed options, as well as retail mutual funds and life insurance products like term and universal life policies. This segment also provides financial planning services, record-keeping for retirement plans, and pension risk transfer solutions. AIG reaches its diverse customer base through multiple distribution channels, including independent agents, financial advisors, banks, and broker-dealers.
AI Analysis | Feedback
Here are 1-3 brief analogies for American International Group (AIG):
- AIG is like Travelers (TRV) and MetLife (MET) under one roof, offering a comprehensive range of general, life, and retirement insurance products.
- Imagine Allstate (ALL), but on a much grander, global scale, providing extensive commercial insurance in addition to personal lines, plus a full suite of life and retirement products.
- Think of AIG as a global State Farm (private), but also serving major corporations and offering a broad array of life insurance and retirement plans.
AI Analysis | Feedback
- Commercial Casualty Insurance: Covers general liability, workers' compensation, and commercial automobile liability for businesses.
- Commercial Property Insurance: Protects commercial, industrial, and energy-related properties against various perils.
- Professional Liability Insurance: Shields businesses and professionals from claims related to errors, omissions, and mismanagement, including Directors & Officers (D&O) and cyber risk.
- Personal Insurance: Provides coverage for individual assets such as homes, automobiles, yachts, and fine art, along with personal accident and travel insurance.
- Specialty Commercial Insurance: Offers niche coverages including aerospace, political risk, trade credit, crop, and marine insurance.
- Annuities: Provides variable, index, and fixed annuities designed for retirement savings and income generation.
- Life Insurance: Offers term life and universal life insurance products for financial protection and estate planning.
- Retail Mutual Funds: Manages and offers a variety of mutual funds for individual investors.
- Retirement Plan Services: Delivers financial planning, advisory, record-keeping, and administrative services for retirement plans.
- Pension Risk Transfer: Provides solutions like structured settlement and pension risk transfer annuities to manage corporate and institutional pension liabilities.
AI Analysis | Feedback
American International Group (AIG) serves a diverse base of customers, primarily falling into two major categories:
-
Commercial and Institutional Clients: AIG provides a broad range of insurance and financial products to businesses, corporations, and institutions across various sectors. This includes, but is not limited to:
- Commercial, industrial, and energy-related businesses seeking general liability, property, environmental, commercial automobile, workers' compensation, and crisis management insurance.
- Companies in specialized industries such as aerospace, marine, and those requiring political risk or trade credit insurance.
- Businesses and professional entities requiring professional liability coverage, including Directors and Officers (D&O), Errors and Omissions (E&O), cyber risk, employment practices liability, and mergers and acquisitions insurance.
- Corporations, banks, and pension plans utilizing products like corporate-owned life insurance, guaranteed investment contracts, stable value wraps, structured settlement annuities, and pension risk transfer annuities.
-
Individual Consumers: AIG offers various personal insurance and retirement solutions directly and indirectly to individuals. This category includes:
- Individuals seeking personal property and casualty insurance, such as auto, homeowners, umbrella, yacht, fine art, and travel insurance.
- Individuals interested in life and retirement products, including variable, index, and fixed annuities, retail mutual funds, term life, and universal life insurance.
- Individuals covered by voluntary or sponsor-paid personal accident and supplemental health products.
AI Analysis | Feedback
- Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B)
- Swiss Re Ltd. (SWX: SREN)
AI Analysis | Feedback
Eric Andersen, President & Chief Executive Officer
Eric Andersen became President and Chief Executive Officer of AIG on June 1, 2026, after joining the company as President and CEO Elect in February 2026. He has approximately three decades of experience in the insurance industry, having previously served as President of Aon plc from 2020 to 2025, Senior Advisor to the CEO at Aon in 2025-2026, and earlier, he led Aon Benfield and Aon Risk Solutions Americas.
Keith Walsh, Executive Vice President & Chief Financial Officer
Keith Walsh joined AIG in October 2024 as Executive Vice President and Chief Financial Officer, overseeing the global finance organization. Prior to AIG, he held the positions of Chief Financial Officer, Vice President, and Head of Investor Relations at Marsh McLennan Companies. He also previously worked at Citi.
Rose Marie Glazer, Executive Vice President & General Counsel
Rose Marie Glazer is Executive Vice President and General Counsel of AIG, responsible for legal, compliance, regulatory, and government affairs. She joined AIG in 2017 as Senior Vice President, Corporate Secretary and Deputy General Counsel, and served as interim Chief Human Resources Officer from 2022 to 2024. Her previous experience includes serving as Senior Vice President and General Counsel for the Americas at Siemens AG.
Jonathan Hancock, Executive Vice President & Chief Executive Officer, General Insurance
Jonathan Hancock is Executive Vice President and Chief Executive Officer of General Insurance at AIG. In this role, he oversees the company's commercial and personal insurance businesses, claims, and the chief underwriting office.
Melissa Twiningdavis, Executive Vice President, Chief Operations & Administrative Officer
Melissa Twiningdavis serves as Executive Vice President, Chief Operations & Administrative Officer at AIG, having joined the company in 2024 as Executive Vice President and Chief Administrative Officer. Before her time at AIG, she was a Senior Managing Director at Accenture from 2023 to 2024 and held the position of Division President at Precision Castparts from 2018 to 2022.
AI Analysis | Feedback
The key risks to American International Group (AIG) primarily stem from its core insurance operations and the evolving global landscape.
- Exposure to Catastrophic Events: As a global general insurance provider, AIG is significantly exposed to the financial impact of natural disasters and other catastrophic events. The company's 2024 annual report highlighted operations against a backdrop of "extreme natural weather events" and reported an estimated net loss of approximately $500 million from California wildfires in the fourth quarter of 2024. This risk encompasses property damage, business interruption, and other related claims across its diverse portfolio, exacerbated by an "active catastrophe market" and "climate change" mentioned in its 2025 annual report.
- Evolving Technological Risks (AI and Cybersecurity): The rapid advancement of technology, particularly artificial intelligence, presents new and complex risks for insurers. AIG, along with other major insurers, has sought regulatory approval for new policy exclusions to limit exposure to liabilities arising from AI failures, citing concerns about "systemic, correlated losses" and the unpredictability of large language models. Additionally, AIG recognizes ongoing cybersecurity risks, especially as industries like automotive become more interconnected and vulnerable to cyberattacks, which can affect insured assets and operational systems.
- Underwriting and Market Volatility Risks: A fundamental risk for any insurance company is the accurate assessment and pricing of risk (underwriting discipline) and managing claims. AIG operates in a complex environment marked by "geopolitical tensions, economic volatility, and continued inflationary uncertainty." While AIG has focused on improving its underwriting profitability, mispricing policies or underestimating future claims, especially in an inflationary environment, remains an inherent challenge. Insurance fraud is also a serious concern that adversely impacts profitability. The investment of premiums also exposes AIG to market risk, where changes in market values can affect derivative positions and potentially lead to liquidity issues, as seen historically.
AI Analysis | Feedback
The rise of Insurtech and Fintech companies represents a clear emerging threat. These new entrants leverage advanced technologies such as artificial intelligence, big data analytics, the Internet of Things (IoT), and blockchain to offer more efficient, personalized, and often lower-cost insurance and financial products. For AIG's General Insurance segment, this threatens traditional underwriting, claims processing, and distribution models, particularly in personal lines (e.g., auto, homeowners) and increasingly in specialized commercial risks (e.g., cyber, property) through automated, data-driven, or parametric solutions. In its Life and Retirement segment, Fintech platforms and robo-advisors are disrupting traditional distribution channels for annuities and life insurance, offering direct-to-consumer options and challenging the role of independent agents, financial advisors, and broker-dealers.
AI Analysis | Feedback
American International Group (AIG) operates across a diverse range of insurance products and services globally and within the U.S. Identifying the addressable market sizes for its main offerings reveals a multi-trillion-dollar opportunity across various segments.
General Insurance Segment
- Commercial Property Insurance: The global commercial property insurance market was valued at approximately USD 332.1 billion in 2025 and is projected to reach USD 711.4 billion by 2034. In North America, the demand for commercial property insurance is substantial due to robust economic infrastructure and a high concentration of businesses.
- General Liability Insurance: The global general liability insurance market was estimated at approximately USD 238.4 billion in gross written premiums in 2024, with a forecast to reach approximately USD 382 billion by 2032. The U.S. general liability insurance market alone is projected to grow from USD 109.52 billion in 2026 to USD 136.48 billion by 2031.
- Workers' Compensation Insurance: Globally, the workers' compensation insurance market is expected to stand at USD 55 billion in 2026 and reach USD 84 billion by 2033. Another estimate places the global market at USD 85.5 billion in 2025, growing to USD 150.3 billion by 2034. North America is expected to dominate this market, holding a 41.0% share in 2026.
- Professional Liability Insurance: The global professional liability insurance market was valued at $72.4 billion in 2025 and is projected to reach $138.6 billion by 2034. North America held the largest revenue share, accounting for 42.3% of this market.
- Personal Auto Insurance: The U.S. personal auto insurance market is a significant segment, with annual premiums written sitting at roughly $312 billion as of 2024. Other sources project the U.S. market size to be around $402.5 billion in 2026. Globally, the auto insurance market was valued at USD 910.96 billion in 2025 and is projected to grow to USD 1,930.04 billion by 2034.
- Homeowners Insurance: (Information not available in the provided search results.)
- Personal Accident & Supplemental Health Products: The global Personal Accident and Health Insurance Market is estimated at USD 3642.23 billion in 2026, with a projection to reach USD 5379.5 billion by 2035. North America is a leading market for personal accident and health insurance.
- Travel Insurance: (Information not available in the provided search results.)
- Extended Warranty Insurance: (Information not available in the provided search results.)
- Cyber Risk Insurance: While a specific global market size for cyber risk insurance as a standalone product was not explicitly found, it is a rapidly growing segment within professional liability insurance. The global IT and technology application segment of the professional liability insurance market is projected to grow at a CAGR of 11.4% from 2026 to 2034. The U.S. liability insurance market identifies cyber liability insurance as its fastest-growing type segment, with a predicted CAGR of 16.4% from 2026 to 2034.
Life and Retirement Segment
- Life Insurance: The global life insurance market size was estimated at USD 8.25 trillion in 2025 and is predicted to increase to approximately USD 19.36 trillion by 2035. The U.S. life insurance market size was estimated at USD 2.11 trillion in 2025 and is predicted to reach around USD 5.11 trillion by 2035. Another source indicates the U.S. life insurance market is expected to generate over $1.27 trillion in gross written premiums in 2024, making it the largest life insurance market globally.
- Annuities: The U.S. market size for life insurance & annuities combined is $1.2 trillion in 2026. Globally, the "annuity premiums & deposits" segment dominated the life insurance market in 2025. The "annuities and pension plans" segment is also expected to be the fastest-growing segment in the global life insurance market from 2026 to 2035.
- Retail Mutual Funds: (Information not available in the provided search results.)
- Specialized Institutional Products (e.g., Stable Value Wrap Products, Structured Settlement and Pension Risk Transfer Annuities, Corporate- and Bank-Owned Life Insurance, Guaranteed Investment Contracts): Due to the highly specialized nature of these products, specific addressable market sizes were not readily available in the provided search results.
Note: For certain niche products, specific addressable market sizes were not explicitly detailed in the search results. In such cases, these are noted as "null."
AI Analysis | Feedback
American International Group (AIG) is anticipated to drive future revenue growth over the next two to three years through several key strategic initiatives:
- Underwriting Excellence and Selective Profitable Growth: AIG is prioritizing disciplined underwriting and focusing on expanding in attractive market segments. This involves a commitment to achieving strong risk-adjusted returns and being prepared to forgo unprofitable business. The company has highlighted opportunities and strong momentum in areas such as Accident & Health and high net worth personal lines.
- Leveraging Artificial Intelligence (AI) and Digital Transformation: AIG is significantly investing in accelerating its AI strategy to enhance its capabilities, improve underwriting processes, and streamline claims handling. The company expects AI-driven productivity gains to lead to faster decision-making, improved efficiency, and deeper insights into performance, which will indirectly contribute to revenue growth by optimizing operations and potentially enabling new products or services.
- Strategic Investments and Partnerships: AIG has engaged in various strategic transactions, including investments in companies like Convex Group, renewal rights agreements (e.g., with Everest), and the launch of special purpose vehicles in collaboration with partners such as Blackstone, Amwins, and Palantir Technologies. These initiatives are specifically aimed at expanding AIG's capabilities, deepening its use of advanced analytics, and positioning the company to capture new growth opportunities within the insurance and risk landscape.
AI Analysis | Feedback
Capital Allocation Decisions for American International Group (AIG)
Share Repurchases
- AIG returned approximately $5.8 billion to shareholders through share repurchases in 2025.
- In the first two quarters of 2026, AIG executed common stock repurchases totaling $519 million in Q1 and $641 million in Q2.
- Effective April 1, 2025, AIG's Board of Directors authorized a new share repurchase program of up to $7.5 billion, which included approximately $3.4 billion remaining from a previous authorization. As of February 6, 2026, $3.8 billion remained under this authorization.
Share Issuance
- AIG did not report significant share issuances for fiscal years 2021 through 2025, with annual repurchases consistently reducing the number of outstanding shares.
- The number of shares outstanding decreased by 37.8% over approximately five years, reaching 538 million shares in 2026.
- Shares outstanding at the end of fiscal 2025 were $570.4 million, a decrease of 13.2% from $657.3 million in fiscal 2024.
Outbound Investments
- In February 2026, AIG completed the acquisition of a 35% equity interest in Convex Group Limited, a privately held specialty insurer, for approximately $2.1 billion.
- AIG also acquired a 9.9% ownership stake in Onex Corporation, a global asset manager, for approximately $646 million in February 2026. Additionally, AIG committed to investing up to $2 billion over three years in Onex's investment funds.
- In January 2026, AIG announced a strategic partnership with CVC, allocating up to $2 billion across CVC's credit strategies, with an initial deployment of $1 billion in 2026, and contributing up to $1.5 billion from its existing private equity portfolio to CVC's private equity secondaries evergreen platform.
Capital Expenditures
- American International Group reported $0.00 million in capital expenditures for the three months ended June 2026.
- Capital expenditures for 2025 were reported as "N/A," indicating they were not a significant reported figure.
Peer Outperformance in Multi-line Insurance
AIG has trailed 63% of its 8 Multi-line Insurance peers over 5Y. Among the peers that beat it is AIZ. Multi-line Insurance ranks 6th of 18 industries in Financials by median 5Y return.
Share of Multi-line Insurance constituents that AIG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
38%
of 8 industry peers · 6.9% return
3Y
13%
of 8 industry peers · 38.2% return
5Y
38%
of 8 industry peers · 54.0% return
Multi-line Insurance peers with revenue growth within 4pp of AIG's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| AIG | American International Group | 11.7% | 14.7x | 6.9% | 38.2% | 54.0% | — |
| AIZ | Assurant | 8.4% | 13.8x | 42.4% | 90.3% | 99.9% | +46pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Multi-line Insurance is AIG's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 37.5% | 74.0% | 118.3% | SPNT 170% · RGA 148% · RNR 138% |
| Investment Banking & Brokerage | 13 | -1.9% | 90.1% | 92.3% | IBKR 314% · SNEX 159% · HOOD 140% |
| Diversified Banks | 12 | 32.8% | 141.8% | 91.6% | CM 142% · RY 130% · JPM 126% |
| Life & Health Insurance | 20 | 17.2% | 52.4% | 78.2% | JXN 536% · UNM 303% · FG 188% |
| Property & Casualty Insurance | 42 | 21.7% | 72.7% | 65.0% | PGR 176% · TRV 176% · ACGL 166% |
| Multi-line Insurance ← | 9 | 10.2% | 68.9% | 63.6% | AIZ 100% · GNW 98% · L 97% |
| Multi-Sector Holdings | 3 | 9.8% | 52.4% | 57.5% | BRK-B 93% · VOYA 57% · JEF 35% |
| Regional Banks | 262 | 34.5% | 91.3% | 53.5% | CBC 263% · FCNCA 189% · NIC 146% |
| Financial Exchanges & Data | 15 | 19.8% | 33.8% | 32.6% | CBOE 176% · VIRT 144% · CME 71% |
| Insurance Brokers | 15 | 5.3% | 11.6% | 26.0% | LIFE 387% · ARX 89% · AJG 80% |
| Asset Management & Custody Banks | 85 | -6.1% | 21.7% | 8.8% | VCTR 257% · WT 230% · AAMI 191% |
| Consumer Finance | 30 | 5.9% | 72.9% | 5.4% | ENVA 397% · FCFS 137% · AXP 101% |
| Diversified Financial Services | 4 | -5.1% | 18.6% | 3.3% | FRHC 171% · EQH 80% |
| Commercial & Residential Mortgage Finance | 14 | -48.7% | 20.2% | -0.2% | FNMA 448% · FMCC 399% · ACT 167% |
| Specialized Finance | 3 | 8.4% | 31.0% | -20.6% | HASI -21% · CACC -28% |
| Transaction & Payment Processing Services | 17 | 15.8% | 17.6% | -22.2% | V 111% · MA 106% · CPAY 69% |
| Mortgage REITs | 35 | -19.0% | -7.6% | -35.2% | RITM 35% · DX 18% · AGNC 11% |
| Diversified Capital Markets | 20 | -58.1% | 2.5% | -68.4% | LPLA 80% · TW 39% · WULF -60% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 108.96 |
| Mkt Cap | 40.1 |
| Rev LTM | 28,012 |
| Op Inc LTM | - |
| FCF LTM | 5,383 |
| FCF 3Y Avg | 5,300 |
| CFO LTM | 5,422 |
| CFO 3Y Avg | 5,372 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.1% |
| Rev Chg 3Y Avg | 8.0% |
| Rev Chg Q | 1.6% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 22.8% |
| CFO/Rev 3Y Avg | 21.7% |
| FCF/Rev LTM | 22.5% |
| FCF/Rev 3Y Avg | 21.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| North America Commercial | 8,626 | 8,172 | 10,233 | ||
| International Commercial | 8,580 | 8,145 | 7,964 | ||
| Global Personal | 6,472 | 7,140 | 6,894 | ||
| Net investment income | 4,215 | 4,255 | 3,446 | ||
| Net results of businesses in run-off | 76 | 83 | 475 | ||
| Other income | 11 | 7 | 6 | ||
| Net impact from elimination of international reporting lag | 0 | 0 | 3 | ||
| Elimination and consolidations | -3 | -3 | -5 | ||
| Net realized gains (losses) | -1,202 | -548 | -1,078 | ||
| General Insurance | 28,361 | 28,361 | |||
| Life and Retirement | 19,574 | 19,594 | |||
| Other Operations | 347 | 347 | |||
| Total | 26,775 | 27,251 | 27,938 | 48,282 | 48,302 |
| $ Mil | 2015 | 2014 | 2009 | 2007 | 2006 |
|---|---|---|---|---|---|
| Consumer Insurance | 3,378 | 4,474 | |||
| Commercial Insurance | 1,652 | 5,510 | |||
| Consolidation and eliminations | -866 | 905 | -607 | ||
| Corporate and Other | -883 | -388 | |||
| Domestic Life Insurance & Retirement Services | -1,179 | ||||
| Financial Services | 517 | -9,515 | 524 | ||
| Foreign Life Insurance & Retirement Services | 3,221 | ||||
| General Insurance | 169 | 10,526 | 10,412 | ||
| Other | -15,769 | ||||
| Asset Management | 1,164 | 2,346 | |||
| Life Insurance & Retirement Services | 8,186 | 10,032 | |||
| Total | 3,281 | 10,501 | -13,648 | 10,361 | 23,314 |
| $ Mil | 2015 | 2014 |
|---|---|---|
| Consumer Insurance | 8,322 | 9,082 |
| Commercial Insurance | 5,474 | 6,393 |
| Corporate and Other | 617 | 700 |
| Consolidation and eliminations | -317 | -150 |
| Total | 14,096 | 16,025 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Life and Retirement | 375,197 | 352,694 | 406,104 | 397,749 | 371,742 |
| General Insurance | 139,371 | 147,083 | 159,000 | 155,751 | 156,358 |
| Other Operations | 24,738 | 22,451 | 31,008 | 32,981 | -3,036 |
| Total | 539,306 | 522,228 | 596,112 | 586,481 | 525,064 |
Price Behavior
Price Behavior
| Market Price | $82.40 | |
| Market Cap ($ Bil) | 43.6 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -3.0% | |
| 50 Days | 200 Days | |
| DMA Price | $77.04 | $76.10 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 7.0% | 8.3% |
| 3M | 1YR | |
| Volatility | 18.0% | 23.8% |
| Downside Capture | -46.72 | -15.18 |
| Upside Capture | -24.28 | -4.05 |
| Correlation (S&P 500) | -16.8% | -2.7% |
AIG Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.48 | -0.24 | -0.21 | -0.34 | -0.05 | 0.47 |
| Up Beta | -4.11 | -1.32 | -0.19 | -0.17 | 0.07 | 0.63 |
| Down Beta | -0.22 | -0.16 | -0.22 | -0.47 | 0.04 | 0.62 |
| Up Capture | 43% | 15% | -7% | -19% | -4% | 10% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 12 | 21 | 31 | 60 | 127 | 397 |
| Down Capture | -110% | -49% | -42% | -56% | -27% | 47% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 21 | 32 | 65 | 121 | 347 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIG | |
|---|---|---|---|---|
| AIG | 8.0% | 23.8% | 0.26 | - |
| Sector ETF (XLF) | 11.6% | 14.6% | 0.52 | 35.8% |
| Equity (SPY) | 11.6% | 12.8% | 0.57 | -2.8% |
| Gold (GLD) | -2.3% | 28.6% | -0.09 | 3.6% |
| Commodities (DBC) | 43.1% | 20.9% | 1.60 | -12.1% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.50 | 27.6% |
| Bitcoin (BTCUSD) | -28.8% | 43.6% | -0.66 | 1.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIG | |
|---|---|---|---|---|
| AIG | 9.2% | 25.9% | 0.32 | - |
| Sector ETF (XLF) | 9.0% | 18.3% | 0.35 | 69.7% |
| Equity (SPY) | 12.0% | 17.1% | 0.52 | 48.2% |
| Gold (GLD) | 16.5% | 19.0% | 0.69 | 1.5% |
| Commodities (DBC) | 8.4% | 19.6% | 0.31 | 12.8% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 43.0% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 17.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIG | |
|---|---|---|---|---|
| AIG | 5.9% | 32.5% | 0.25 | - |
| Sector ETF (XLF) | 13.4% | 22.1% | 0.55 | 76.4% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 58.6% |
| Gold (GLD) | 11.6% | 16.5% | 0.57 | -0.1% |
| Commodities (DBC) | 7.8% | 18.1% | 0.34 | 25.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 53.8% |
| Bitcoin (BTCUSD) | 61.7% | 66.3% | 1.01 | 16.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -1.5% | -4.9% | -4.7% |
| 4/30/2026 | 5.3% | 2.2% | -1.8% |
| 2/10/2026 | 4.6% | 6.4% | 2.0% |
| 11/4/2025 | -5.4% | -5.6% | -4.6% |
| 8/6/2025 | -3.1% | 1.0% | 0.2% |
| 5/1/2025 | 3.5% | 1.2% | 6.1% |
| 2/11/2025 | 1.2% | -0.9% | 7.4% |
| 11/4/2024 | -1.2% | -1.2% | -0.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 15 | 15 |
| # Negative | 8 | 9 | 9 |
| Median Positive | 2.8% | 3.6% | 6.3% |
| Median Negative | -1.9% | -2.5% | -3.9% |
| Max Positive | 7.8% | 10.7% | 19.0% |
| Max Negative | -5.5% | -10.9% | -23.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -1.5% | -4.9% | -4.7% |
| 4/30/2026 | 5.3% | 2.2% | -1.8% |
| 2/10/2026 | 4.6% | 6.4% | 2.0% |
| 11/4/2025 | -5.4% | -5.6% | -4.6% |
| 8/6/2025 | -3.1% | 1.0% | 0.2% |
| 5/1/2025 | 3.5% | 1.2% | 6.1% |
| 2/11/2025 | 1.2% | -0.9% | 7.4% |
| 11/4/2024 | -1.2% | -1.2% | -0.5% |
| 7/31/2024 | -5.5% | -10.9% | -3.9% |
| 5/1/2024 | 3.0% | 5.4% | 4.0% |
| 2/13/2024 | -1.3% | -2.0% | 8.7% |
| 11/1/2023 | 3.7% | 0.9% | 6.3% |
| 8/1/2023 | 1.5% | 1.9% | -3.4% |
| 5/4/2023 | 7.8% | 5.9% | 8.7% |
| 2/15/2023 | 0.5% | -2.5% | -23.1% |
| 11/1/2022 | 0.4% | 3.6% | 10.6% |
| 8/8/2022 | 2.4% | 8.6% | 2.7% |
| 5/3/2022 | 7.4% | -1.4% | -2.3% |
| 2/16/2022 | 1.7% | 0.1% | 1.7% |
| 11/4/2021 | -2.4% | -2.5% | -9.3% |
| 8/5/2021 | 4.7% | 10.7% | 13.2% |
| 5/6/2021 | 2.0% | 1.4% | 5.8% |
| 2/16/2021 | 2.7% | 5.3% | 13.8% |
| 11/5/2020 | -0.8% | 7.9% | 19.0% |
| SUMMARY STATS | |||
| # Positive | 16 | 15 | 15 |
| # Negative | 8 | 9 | 9 |
| Median Positive | 2.8% | 3.6% | 6.3% |
| Median Negative | -1.9% | -2.5% | -3.9% |
| Max Positive | 7.8% | 10.7% | 19.0% |
| Max Negative | -5.5% | -10.9% | -23.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
Insider Activity
Updated 10/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zaffino, Peter | Executive Chair | Direct | Sell | 8132026 | 76.14 | 36,829 | 2,804,054 | 42,332,538 | Form |
| 2 | Zaffino, Peter | Executive Chair | Direct | Sell | 8132026 | 76.47 | 200,000 | 15,294,280 | 45,334,769 | Form |
| 3 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 86.54 | 5 | 467 | 3,703,847 | Form |
| 4 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 77.75 | 6 | 464 | 3,327,222 | Form |
| 5 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 84.79 | 5 | 462 | 3,627,985 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zaffino, Peter | Executive Chair | Direct | Sell | 8132026 | 76.14 | 36,829 | 2,804,054 | 42,332,538 | Form |
| 2 | Zaffino, Peter | Executive Chair | Direct | Sell | 8132026 | 76.47 | 200,000 | 15,294,280 | 45,334,769 | Form |
| 3 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 86.54 | 5 | 467 | 3,703,847 | Form |
| 4 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 77.75 | 6 | 464 | 3,327,222 | Form |
| 5 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 84.79 | 5 | 462 | 3,627,985 | Form |
| 6 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 83.52 | 5 | 408 | 3,573,189 | Form |
| 7 | Walsh, Keith | EVP and CFO | Direct | Buy | 2022026 | 73.20 | 6 | 406 | 3,131,317 | Form |
| 8 | Inglis, John C | Direct | Buy | 12312025 | 86.47 | 14 | 1,200 | 231,813 | Form | |
| 9 | Inglis, John C | Direct | Buy | 10012025 | 78.03 | 15 | 1,193 | 208,111 | Form |
Investor Activity (13F)
Updated Nov 3, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-line Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 11/2/2026