American International (AIG)
Market Price (3/30/2026): $74.05 | Market Cap: $40.0 BilSector: Financials | Industry: Multi-line Insurance
American International (AIG)
Market Price (3/30/2026): $74.05Market Cap: $40.0 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 10%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 8.3% | Weak multi-year price returns2Y Excs Rtn is -21% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3%, Rev Chg QQuarterly Revenue Change % is -8.6% |
| 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 -73% | Key risksAIG key risks include [1] diminished financial strength, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 3.3 Bil, FCF LTM is 3.3 Bil | ||
| Low stock price volatilityVol 12M is 26% | ||
| Megatrend and thematic driversMegatrends include AI in Financial Services, Digital & Alternative Assets, and Sustainable Finance. Themes include AI for Fraud Detection, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 8.3% |
| 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 -73% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 3.3 Bil, FCF LTM is 3.3 Bil |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include AI in Financial Services, Digital & Alternative Assets, and Sustainable Finance. Themes include AI for Fraud Detection, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -21% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3%, Rev Chg QQuarterly Revenue Change % is -8.6% |
| Key risksAIG key risks include [1] diminished financial strength, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Mixed Q4 2025 Financial Results and Declining Investment Income.
American International (AIG) reported robust General Insurance (GI) underwriting income, which surged 48% year-over-year to $670 million in the fourth quarter of 2025, accompanied by an improved combined ratio of 88.8%. However, these positive operational results were significantly offset by a 34% decrease in total net investment income, falling to $872 million, primarily due to lower gains from Corebridge and alternative investments. Additionally, the company's Q4 2025 revenue of $6.55 billion missed analyst estimates of $6.99 billion.
2. Softening Commercial Insurance Market and Broader Economic Headwinds.
The broader commercial property and casualty insurance market experienced a notable softening in Q4 2025, with average premium increases decelerating to a mere 0.2%, and premium decreases recorded in nine lines of business, including commercial property and cyber. Forecasts for 2026 indicate a projected slowdown in global insurance premium growth, influenced by global economic moderation and geopolitical uncertainties, alongside potential pressures on property and casualty insurers from rising claims severity (social inflation) and anticipated reductions in interest rates.
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Stock Movement Drivers
Fundamental Drivers
The -1.7% change in AIG stock from 11/30/2025 to 3/30/2026 was primarily driven by a -2.8% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 75.32 | 74.05 | -1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,390 | 26,774 | -2.2% |
| Net Income Margin (%) | 11.9% | 11.6% | -2.8% |
| P/E Multiple | 12.8 | 12.9 | 1.1% |
| Shares Outstanding (Mil) | 553 | 541 | 2.3% |
| Cumulative Contribution | -1.7% |
Market Drivers
11/30/2025 to 3/30/2026| Return | Correlation | |
|---|---|---|
| AIG | -1.7% | |
| Market (SPY) | -5.3% | 8.8% |
| Sector (XLF) | -9.0% | 28.6% |
Fundamental Drivers
The -7.4% change in AIG stock from 8/31/2025 to 3/30/2026 was primarily driven by a -9.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.95 | 74.05 | -7.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,743 | 26,774 | -3.5% |
| Net Income Margin (%) | 11.5% | 11.6% | 0.3% |
| P/E Multiple | 14.3 | 12.9 | -9.7% |
| Shares Outstanding (Mil) | 573 | 541 | 5.9% |
| Cumulative Contribution | -7.4% |
Market Drivers
8/31/2025 to 3/30/2026| Return | Correlation | |
|---|---|---|
| AIG | -7.4% | |
| Market (SPY) | 0.6% | 9.1% |
| Sector (XLF) | -9.8% | 35.1% |
Fundamental Drivers
The -8.3% change in AIG stock from 2/28/2025 to 3/30/2026 was primarily driven by a -18.6% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 80.73 | 74.05 | -8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,270 | 26,774 | -1.8% |
| P/S Multiple | 1.8 | 1.5 | -18.6% |
| Shares Outstanding (Mil) | 621 | 541 | 14.8% |
| Cumulative Contribution | -8.3% |
Market Drivers
2/28/2025 to 3/30/2026| Return | Correlation | |
|---|---|---|
| AIG | -8.3% | |
| Market (SPY) | 9.8% | 41.4% |
| Sector (XLF) | -6.0% | 56.5% |
Fundamental Drivers
The 30.3% change in AIG stock from 2/28/2023 to 3/30/2026 was primarily driven by a 212.5% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3302026 | Change |
|---|---|---|---|
| Stock Price ($) | 56.82 | 74.05 | 30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 30,053 | 26,774 | -10.9% |
| Net Income Margin (%) | 34.0% | 11.6% | -66.0% |
| P/E Multiple | 4.1 | 12.9 | 212.5% |
| Shares Outstanding (Mil) | 745 | 541 | 37.7% |
| Cumulative Contribution | 30.3% |
Market Drivers
2/28/2023 to 3/30/2026| Return | Correlation | |
|---|---|---|
| AIG | 30.3% | |
| Market (SPY) | 69.4% | 42.9% |
| Sector (XLF) | 42.1% | 64.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIG Return | 54% | 14% | 10% | 10% | 20% | -14% | 117% |
| Peers Return | 27% | 14% | 4% | 28% | 9% | -6% | 98% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -7% | 70% |
Monthly Win Rates [3] | |||||||
| AIG Win Rate | 67% | 67% | 58% | 58% | 67% | 33% | |
| Peers Win Rate | 57% | 63% | 60% | 65% | 58% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| AIG Max Drawdown | -2% | -15% | -25% | -1% | -3% | -16% | |
| Peers Max Drawdown | -4% | -7% | -21% | -1% | -10% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MET, PRU, CB, ALL, TRV. 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 3/30/2026 (YTD)
How Low Can It Go
| Event | AIG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.9% | 34.1% |
| Time to Breakeven | 243 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -65.5% | -33.9% |
| % Gain to Breakeven | 190.0% | 51.3% |
| Time to Breakeven | 513 days | 148 days |
| 2018 Correction | ||
| % Loss | -45.6% | -19.8% |
| % Gain to Breakeven | 83.7% | 24.7% |
| Time to Breakeven | 1,828 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -100.0% | -56.8% |
| % Gain to Breakeven | 306440.1% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to MET, PRU, CB, ALL, TRV
In The Past
American International's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/6/2023. A -26.9% loss requires a 36.9% gain to breakeven.
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About American International (AIG)
AI Analysis | Feedback
AIG is like the "Walmart of insurance," offering a vast array of insurance products for nearly every personal, business, and financial need.
AI Analysis | Feedback
American International Group (AIG) Major Products and Services:
- Commercial Property & Casualty Insurance: Provides coverage for general liability, property, auto, workers' compensation, marine, aerospace, political risk, and crisis management for businesses.
- Professional Liability Insurance: Offers specialized coverage for directors and officers, cyber risk, errors and omissions, and employment practices liability for various businesses.
- Personal Insurance: Includes policies for personal auto, homeowners, specialized valuables, travel, and personal accident coverage for individuals.
- Annuities: Offers a range of retirement income solutions such as variable, index, fixed, structured settlement, and pension risk transfer annuities.
- Life Insurance: Provides financial protection through term life, universal life, corporate-owned, and bank-owned life insurance products.
- Investment & Retirement Services: Delivers retail mutual funds, financial planning, advisory, record-keeping, and guaranteed investment contract services for individuals and institutions.
AI Analysis | Feedback
American International Group (AIG) serves a diverse range of customers across its General Insurance and Life and Retirement segments. Based on the provided description, AIG does not sell primarily to a small number of identifiable major companies, nor solely to individuals. Instead, it serves broad categories of clients. Therefore, its major customers can be described in the following categories:
- Commercial and Institutional Clients: This category encompasses a wide array of businesses, corporations, and institutional entities across various industries. AIG provides them with insurance products such as general liability, commercial automobile liability, workers' compensation, environmental liability, commercial property, professional liability (e.g., D&O, cyber risk, E&O), aerospace, political risk, trade credit, and pension risk transfer solutions. It also offers corporate- and bank-owned life insurance and guaranteed investment contracts for institutions.
- Individual Consumers: This category includes private individuals who purchase personal insurance and financial products. These offerings include personal auto, homeowners, umbrella, yacht, fine art, and collections insurance. Additionally, AIG serves individuals with life insurance (term and universal), annuities (variable, index, and fixed), retail mutual funds, financial planning services, personal accident, supplemental health, extended warranty, and travel insurance products.
AI Analysis | Feedback
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Peter Zaffino
Chairman & Chief Executive Officer
Peter Zaffino has over 30 years of experience in the insurance and reinsurance industry. He joined AIG in 2017 as Global Chief Operating Officer, became President in 2019, Chief Executive Officer in March 2021, and Chairman of the Board of Directors in January 2022. Before joining AIG, Mr. Zaffino was Chairman of the Risk & Insurance businesses (Marsh and Guy Carpenter) at Marsh McLennan starting in 2015, and also served as Chief Executive Officer of Marsh from 2011. Prior to that, he was President & Chief Executive Officer of Guy Carpenter from 2008 to 2011, having joined the firm in 2001. Earlier in his career, he held executive roles at several market-leading companies, including a portfolio company of GE Capital that specialized in alternative risk insurance and reinsurance.
Sabra Purtill
Executive Vice President & Chief Financial Officer
Sabra Purtill is Executive Vice President and AIG's Chief Financial Officer, a position she assumed permanently in June 2023, after serving as interim CFO since January 2023. She joined AIG in 2019 as Deputy Chief Financial Officer and Treasurer, and later served as Chief Risk Officer from 2021 to 2022, and Chief Investment Officer of Corebridge Financial from April 2022 before returning to AIG. Before joining AIG, Ms. Purtill was Senior Vice President, Investor Relations & Treasurer at The Hartford Financial Services Group, Inc. She also served as Managing Director, Investor Relations & Communications at Assured Guaranty Ltd. from 2004 to 2011, and was a Corporate Finance Officer at ACE Limited (now Chubb Limited), where she led the initial public offering of Assured Guaranty Ltd. Her career began in corporate finance at Chase Manhattan Bank, N.A., followed by roles in insurance ratings at Standard & Poor's, investment banking at Merrill Lynch, and sell-side equity research covering the insurance industry at various firms.
Rose Marie E. Glazer
Executive Vice President, General Counsel
Rose Marie E. Glazer is Executive Vice President and AIG's General Counsel, overseeing the company's legal, compliance, regulatory, and government affairs, as well as the Global Security and Sustainability Office teams. She joined AIG in 2017 as Senior Vice President, Corporate Secretary and Deputy General Counsel. From January 2022 until November 2023, and on an interim basis through May 2024, she also served as AIG's Chief Human Resources Officer. Prior to AIG, Ms. Glazer spent 14 years at Siemens AG, holding multiple leadership roles in legal affairs, including Senior Vice President and General Counsel – Americas from 2011 to 2017. Earlier in her career, she was Vice President and General Counsel at Telvista and held in-house counsel positions at Allied Riser Communications and American Airlines.
Jon Hancock
Executive Vice President, Chief Executive Officer, General Insurance
Jon Hancock serves as Executive Vice President and Chief Executive Officer of General Insurance at AIG. He joined AIG in 2020. Prior to AIG, he spent 25 years at RSA Insurance Group plc, where his most recent role was Managing Director, UK Commercial.
Claude Wade
Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims
Claude Wade is Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims for AIG. He joined AIG in October 2017. Prior to AIG, he served as Chief Operating Officer for Stone Point Capital, a private equity firm. Before that, Mr. Wade spent 20 years at General Electric (GE) in various senior operational and technology roles, including Chief Information Officer of GE Capital and Chief Operating Officer of GE Money Americas.
AI Analysis | Feedback
American International Group (AIG) faces several key risks inherent to its diversified insurance and retirement solutions business. The most significant risks include: 1.Exposure to Catastrophic Events and Climate Change
As a major provider of property and casualty insurance, AIG is directly exposed to insured losses resulting from severe weather events, natural disasters, and the broader impacts of climate change. Climate change is recognized as a significant global environmental issue that poses potential risks to the global economy and ecology, making insurers like AIG particularly vulnerable. AIG's underwriting process incorporates changes in climate and weather patterns, utilizing sophisticated catastrophe exposure modeling to assess and manage these risks. Despite these efforts, climate-driven catastrophe losses could severely impact AIG's property and casualty portfolio. Furthermore, AIG has faced scrutiny for its involvement in underwriting and investing in fossil fuel projects, which contribute to climate change. 2.Investment Market Volatility and Interest Rate Fluctuations
AIG's Life and Retirement segment offers various annuities and life insurance products, which rely heavily on the performance of its investment portfolios. Fluctuations in investment markets, including changes in interest rates and volatility in equity or credit markets, can significantly impact the profitability and financial stability of these products. While AIG has undertaken strategic initiatives to streamline operations and reduce portfolio volatility, the inherent nature of its life and retirement business means it remains susceptible to adverse movements in financial markets. The company's history, particularly during the 2008 financial crisis, highlighted its vulnerability to risky investments and the need for robust risk assessment in this area. 3.Cyber Risk
As a global financial institution handling extensive sensitive data for millions of customers, AIG is exposed to significant cyber threats, including data breaches and cyberattacks. The evolving cyber risk landscape, driven by factors such as increased cloud computing and mobile technology, escalates the potential financial consequences for businesses that suffer cyber incidents. Beyond its own operational exposure, AIG also provides cyber risk insurance products. This means the increasing frequency and sophistication of cyberattacks not only pose a direct threat to AIG's internal systems and data but also could lead to higher claims payouts on its cyber insurance policies, impacting its underwriting results in this segment.AI Analysis | Feedback
The clear emerging threat to American International Group (AIG) is the rapid rise and increasing market penetration of Insurtech companies. These digitally native insurance providers leverage advanced technology (such as AI, big data, and mobile platforms) to offer more personalized, efficient, and often direct-to-consumer insurance products across various lines. This trend directly challenges AIG's traditional distribution channels and established underwriting models in both its General Insurance (e.g., personal auto, homeowners, small commercial lines) and Life and Retirement (e.g., digital-first life insurance or annuity platforms) segments. Insurtechs can offer enhanced customer experiences, streamlined claims processing, and potentially more competitive pricing due to lower overhead and innovative risk assessment, thereby eroding market share and placing pressure on AIG's operational efficiency and customer acquisition strategies.
AI Analysis | Feedback
For American International Group (AIG), the addressable markets for its main products and services are sized as follows:
-
Life Insurance:
- The global life insurance market was estimated at USD 7.55 trillion in 2024 and is projected to increase to approximately USD 18.03 trillion by 2034.
- The U.S. life insurance market size was estimated at USD 1.93 trillion in 2024 and is predicted to be worth around USD 4.74 trillion by 2034.
-
Annuities:
- Total U.S. annuity sales increased to $461.3 billion in 2025.
- The global annuity insurance market size grew from $936.97 billion in 2023 to $990.4 billion in 2024, and is projected to reach $1,242.69 billion in 2028.
-
Property & Casualty (P&C) Insurance:
- The global P&C insurance market doubled in size over the past 20 years to USD 2.4 trillion in 2025. It was valued at USD 1,920.56 billion in 2025 and is projected to grow to USD 2,877.32 billion by 2034.
- The U.S. property and casualty insurance market size is estimated at USD 1.10 trillion in 2025 and is projected to reach USD 1.33 trillion by 2030.
-
Commercial Property Insurance (a segment of P&C):
- The global commercial property insurance market size was valued at USD 298 billion in 2023 and is predicted to grow to around USD 621 billion by 2032. The market grew from $378.18 billion in 2025 to $422.74 billion in 2026.
-
Personal Lines Insurance (a segment of P&C):
- The global personal lines insurance market size reached $1189 billion by the end of 2025 and is projected to reach $2176.42 billion by 2033.
- U.S. personal lines of business, which include homeowners, farmowners, and private auto insurance, hit $534.92 billion in 2024.
-
Retirement Services / Pension Funds:
- Total U.S. retirement assets were $48.1 trillion as of September 30, 2025.
- The global pension funds market size was valued at USD 71.35 trillion in 2024 and is poised to grow to USD 115.52 trillion by 2033. It is estimated at USD 70.89 trillion in 2026 and projected to reach USD 92.83 trillion by 2031.
AI Analysis | Feedback
AIG (American International Group, Inc.) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives aimed at expanding its market presence, enhancing operational capabilities, and leveraging key partnerships.
One primary driver is the **continued expansion and disciplined underwriting within its North America Commercial Insurance segment.** The company has demonstrated robust organic growth in this area, particularly with a significant increase in Global Commercial Net Premiums Written (NPW), led by North America Commercial. This growth is attributed to strong new business production and high retention rates, especially within its Lexington Insurance subsidiary.
Another significant driver involves **strategic partnerships, investments, and acquisitions.** AIG has announced several capital-efficient transactions, including investments in Convex Group and Onex Corporation, and the conversion of Everest's global retail insurance portfolio. Additionally, the formation of Syndicate 2479 with Blackstone and Amwins are expected to contribute to earnings, earnings per share, and return on equity in 2026 and 2027.
AIG also anticipates revenue growth through **international expansion and leveraging global partnerships.** The company is actively diversifying its revenue streams by expanding its international commercial unit and capitalizing on emerging market opportunities. Collaborations, such as the TATA Group partnership for growth in the Indian market, underscore a strategy to mitigate regional risks and broaden its global reach.
Finally, **AI integration and digital transformation initiatives** are key to driving future premium growth and operational efficiency. AIG is strategically deploying Generative AI (GenAI) across its commercial businesses and partnering with technology firms like Palantir and Anthropic. These advancements aim to enhance underwriting, claims processing, and data workflows, positioning AIG for improved market competitiveness and growth.
AI Analysis | Feedback
Share Repurchases
- American International Group (AIG) returned $6.8 billion to shareholders in 2025, which included $5.8 billion through common stock repurchases.
- In the first quarter of 2025, AIG repurchased $2.2 billion of common stock, and in the third quarter of 2025, approximately $1.25 billion in share repurchases were made.
- A new share repurchase authorization of up to $7.5 billion was approved on March 29, 2025, becoming effective April 1, 2025, and this amount includes approximately $3.4 billion remaining from a previous authorization.
Share Issuance
- AIG reduced its ownership in Corebridge common stock by selling shares for approximately $1 billion in Q3 2025, decreasing its stake to 15.5%, and further selling shares for approximately $1 billion in Q4 2025, reducing its ownership to 10.1%.
Outbound Investments
- In October 2025, AIG made strategic investments in Convex Group, a privately held global specialty insurer, and Onex Corporation, a global asset manager.
- AIG entered into definitive agreements in October 2025 to acquire the renewal rights for a majority of Everest Group's global retail commercial insurance portfolios, representing $2 billion of aggregate premium.
- The company plans to increase its general insurance investment portfolio's allocation to private credit from 8% to a target range of 12-15% and to private equity from 5% to 6-8%.
Capital Expenditures
- AIG is making significant investments in technology and artificial intelligence (AI) to enhance productivity and drive operational efficiencies across its businesses.
- The company is accelerating the rollout of Generative AI tools in its underwriting and claims processes to streamline operations, increase speed, and improve decision-making.
- These strategic technology investments are a key component of AIG's focus on improving its expense ratio and overall net margins.
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 150.90 |
| Mkt Cap | 49.6 |
| Rev LTM | 60,514 |
| Op Inc LTM | - |
| FCF LTM | 10,244 |
| FCF 3Y Avg | 8,326 |
| CFO LTM | 10,358 |
| CFO 3Y Avg | 8,443 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.4% |
| Rev Chg 3Y Avg | 6.9% |
| Rev Chg Q | 6.7% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 18.2% |
| CFO/Rev 3Y Avg | 17.3% |
| FCF/Rev LTM | 18.0% |
| FCF/Rev 3Y Avg | 17.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 49.6 |
| P/S | 1.1 |
| P/EBIT | 7.9 |
| P/E | 11.3 |
| P/CFO | 5.7 |
| Total Yield | 10.7% |
| Dividend Yield | 2.2% |
| FCF Yield 3Y Avg | 16.2% |
| D/E | 0.2 |
| Net D/E | -1.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.5% |
| 3M Rtn | -7.0% |
| 6M Rtn | -2.4% |
| 12M Rtn | -3.5% |
| 3Y Rtn | 65.9% |
| 1M Excs Rtn | 3.3% |
| 3M Excs Rtn | 1.7% |
| 6M Excs Rtn | 1.7% |
| 12M Excs Rtn | -16.1% |
| 3Y Excs Rtn | 14.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| North America Commercial | 10,233 | ||||
| International Commercial | 7,964 | ||||
| Global Personal | 6,894 | ||||
| Net investment income | 3,446 | ||||
| Net results of businesses in run-off | 475 | ||||
| Other income | 6 | 49 | 46 | ||
| Net impact from elimination of international reporting lag | 3 | ||||
| Elimination and consolidations | -5 | ||||
| Net realized gains (losses) | -1,078 | -148 | 395 | ||
| General Insurance | 28,361 | 28,361 | 26,587 | 29,882 | |
| Life and Retirement | 19,574 | 19,594 | 17,275 | 16,356 | |
| Other Operations | 347 | 347 | 823 | 3,060 | |
| Changes in the fair value of equity securities | 200 | 158 | |||
| Changes in the fair values of equity securities and American International Group, Inc (AIG's) | 56 | 228 | |||
| Net investment income on Fortitude Re funds withheld assets | 1,053 | ||||
| Net realized gains (losses) on Fortitude Re funds withheld embedded derivative | -2,645 | ||||
| Net realized losses on Fortitude Re funds withheld assets | 463 | ||||
| Non-operating litigation reserves and settlements | 23 | 9 | |||
| American International Group Consolidation and elimination | -388 | ||||
| Total | 27,938 | 48,282 | 48,302 | 43,736 | 49,746 |
Price Behavior
| Market Price | $74.05 | |
| Market Cap ($ Bil) | 40.0 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -14.0% | |
| 50 Days | 200 Days | |
| DMA Price | $76.11 | $78.38 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -2.7% | -5.5% |
| 3M | 1YR | |
| Volatility | 27.1% | 25.6% |
| Downside Capture | 0.15 | 0.28 |
| Upside Capture | -61.89 | 21.99 |
| Correlation (SPY) | 8.9% | 42.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.02 | -0.19 | -0.14 | 0.06 | 0.56 | 0.69 |
| Up Beta | 0.70 | 0.37 | 0.24 | 0.21 | 0.72 | 0.82 |
| Down Beta | 1.60 | 0.46 | 0.03 | 0.35 | 0.70 | 0.74 |
| Up Capture | -2% | -89% | -11% | -9% | 18% | 26% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 22 | 35 | 67 | 132 | 408 |
| Down Capture | -140% | -36% | -59% | -16% | 38% | 80% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 19 | 25 | 54 | 115 | 337 |
[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 | -10.4% | 25.8% | -0.45 | - |
| Sector ETF (XLF) | -2.6% | 19.3% | -0.26 | 56.5% |
| Equity (SPY) | 14.8% | 19.0% | 0.60 | 42.3% |
| Gold (GLD) | 48.2% | 27.7% | 1.42 | 4.3% |
| Commodities (DBC) | 17.5% | 17.6% | 0.83 | 19.8% |
| Real Estate (VNQ) | 1.1% | 16.4% | -0.11 | 40.4% |
| Bitcoin (BTCUSD) | -24.0% | 44.3% | -0.49 | 7.3% |
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 | 13.0% | 26.6% | 0.46 | - |
| Sector ETF (XLF) | 9.6% | 18.7% | 0.40 | 73.3% |
| Equity (SPY) | 12.0% | 17.0% | 0.55 | 51.9% |
| Gold (GLD) | 20.9% | 17.7% | 0.97 | 1.2% |
| Commodities (DBC) | 12.2% | 18.8% | 0.53 | 19.8% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 42.0% |
| Bitcoin (BTCUSD) | 3.9% | 56.6% | 0.29 | 15.9% |
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% | 0.26 | - |
| Sector ETF (XLF) | 12.2% | 22.2% | 0.51 | 77.4% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 60.8% |
| Gold (GLD) | 13.4% | 15.8% | 0.70 | -2.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.38 | 28.2% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 53.1% |
| Bitcoin (BTCUSD) | 66.2% | 66.9% | 1.06 | 15.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 15 | 16 |
| # Negative | 8 | 9 | 8 |
| Median Positive | 2.8% | 3.8% | 6.9% |
| Median Negative | -2.7% | -2.1% | -4.2% |
| Max Positive | 7.8% | 14.5% | 38.1% |
| Max Negative | -7.5% | -10.9% | -23.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 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 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Inglis, John C | Direct | Buy | 12312025 | 86.47 | 14 | 1,200 | 231,813 | Form | |
| 2 | Inglis, John C | Direct | Buy | 10012025 | 78.03 | 15 | 1,193 | 208,111 | Form | |
| 3 | Inglis, John C | Direct | Buy | 8082025 | 77.04 | 653 | 50,307 | 204,285 | Form | |
| 4 | Inglis, John C | Direct | Buy | 6302025 | 85.11 | 11 | 895 | 170,107 | Form | |
| 5 | Carbone, Kathleen | VP & Chief Accounting Officer | Direct | Sell | 5222025 | 84.06 | 30,073 | 2,527,891 | 1,529,192 | Form |
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 |
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