AIG Posts Strong Q1 2026 Results with 80% Earnings Surge — American International Group, Inc. (AIG)

Event summary

AIG reported an 80% year-over-year increase in adjusted after-tax income per diluted share to $2.11 for Q1 2026.
Net premiums written increased by 24% year-over-year, with North America Commercial up 36%, International Commercial up 12%, and Global Personal up 11%.
Underwriting income more than tripled to $774 million, driven by lower catastrophe-related charges and favorable prior year development.
AIG returned $760 million to shareholders through share repurchases and dividends in Q1 2026.
The combined ratio improved by 850 basis points to 87.3%, with the accident year combined ratio at 86.6%.

The big picture

AIG's strong Q1 2026 results highlight the effectiveness of its strategic transactions, reinsurance program changes, and organic growth initiatives. The company's ability to navigate an increasingly complex global risk landscape while delivering disciplined, profitable growth positions it favorably within the insurance sector. The significant improvement in underwriting income and the combined ratio underscores AIG's focus on operational efficiency and risk management.

What we're watching

Underwriting Discipline: Whether AIG can sustain its improved underwriting results amid a complex global risk landscape.
Capital Allocation: The pace at which AIG continues to return capital to shareholders while maintaining a strong balance sheet.
Market Conditions: How macroeconomic trends and geopolitical events may impact AIG's ability to meet its financial objectives.