AMERICAN INTERNATIONAL GROUP, INC.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
Contents
Equity
- Equity
SHARES OUTSTANDING
Common Stock
The following table presents a rollforward of outstanding shares:
| Three Months Ended March 31, 2026 | CommonStock Issued | TreasuryStock | Common StockOutstanding |
|---|---|---|---|
| (in millions) | |||
| Shares, beginning of year | 1,906.7 | (1,368.5) | 538.2 |
| Shares issued | — | 1.4 | 1.4 |
| Shares repurchased | — | (6.7) | (6.7) |
| Shares, end of period | 1,906.7 | (1,373.8) | 532.9 |
Dividends
Dividends are payable on AIG common stock, par value $2.50 per share (AIG Common Stock) only when, as and if declared by our Board of Directors (the Board) in its discretion, from funds legally available for this purpose. In considering whether to pay a dividend on or purchase shares of AIG Common Stock, our Board of Directors considers a number of factors, including, but not limited to: the capital resources available to support our insurance operations and business strategies, AIG’s funding capacity and capital resources in comparison to internal benchmarks, expectations for capital generation, rating agency expectations for capital, regulatory standards for capital and capital distributions, and such other factors as our Board of Directors may deem relevant.
For a discussion of restrictions on payments of dividends to AIG Parent by its subsidiaries, see Note 18 to the Consolidated Financial Statements in the 2025 Annual Report.
Repurchase of AIG Common Stock
The Board has authorized the repurchase of shares of AIG Common Stock and as of April 24, 2026, $3.2 billion remained under the Board's authorization. Shares may be repurchased from time to time in the open market, through private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or through Rule 10b5-1 plans under the Securities Exchange Act of 1934, as amended (the Exchange Act). Pursuant to a Rule 10b5-1 plan, from April 1, 2026 to April 24, 2026, we repurchased approximately 3 million shares of AIG Common Stock for an aggregate purchase price of approximately $209 million.
The timing of any future repurchases will depend on market conditions, our business and strategic plans, financial condition, results of operations, liquidity and other factors.
DIVIDENDS DECLARED
On April 30, 2026, our Board of Directors declared a cash dividend on AIG Common Stock of $0.50 per share, an 11 percent increase from prior quarterly dividends on AIG Common Stock, payable on June 29, 2026 to shareholders of record as of June 15, 2026.
| 36 | AIG | First Quarter 2026 Form 10-Q |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table presents a rollforward of Accumulated other comprehensive income (loss):
| (in millions) · UnrealizedAppreciation(Depreciation)of Fixed MaturitySecurities on WhichAllowance for CreditLosses Was Taken · UnrealizedAppreciation(Depreciation)of All OtherInvestments · Change in thediscount ratesused to measuretraditional andlimited paymentlong-durationinsurance contracts · ForeignCurrencyTranslationAdjustments · RetirementPlanLiabilitiesAdjustment · Total | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2025, net of tax | $(3) | $(1,373) | $87 | $(2,981) | $(717) | $(4,987) | ||||||
| Change in unrealized appreciation (depreciation) of investments | (1) | (734) | — | — | — | (735) | ||||||
| Change in other | — | (3) | — | — | — | (3) | ||||||
| Change in discount rates | — | — | 5 | — | — | 5 | ||||||
| Change in foreign currency translation adjustments | — | — | — | (119) | — | (119) | ||||||
| Change in net actuarial loss | — | — | — | — | 7 | 7 | ||||||
| Change in prior service cost | — | — | — | — | 1 | 1 | ||||||
| Change in deferred tax asset (liability) | — | 121 | (1) | (2) | (2) | 116 | ||||||
| Total other comprehensive income (loss) | (1) | (616) | 4 | (121) | 6 | (728) | ||||||
| Balance, March 31, 2026, net of tax | $(4) | $(1,989) | $91 | $(3,102) | $(711) | $(5,715) | ||||||
| Balance, December 31, 2024, net of tax | $(4) | $(2,868) | $68 | $(3,521) | $(774) | $(7,099) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Change in unrealized appreciation (depreciation) of investments | 4 | 318 | — | — | — | 322 | ||||||
| Change in other | — | 6 | — | — | — | 6 | ||||||
| Change in discount rates | — | — | 9 | — | — | 9 | ||||||
| Change in foreign currency translation adjustments | — | — | — | 175 | — | 175 | ||||||
| Change in net actuarial loss | — | — | — | — | 8 | 8 | ||||||
| Change in deferred tax asset (liability) | — | 101 | (3) | 19 | (1) | 116 | ||||||
| Total other comprehensive income | 4 | 425 | 6 | 194 | 7 | 636 | ||||||
| Less: Noncontrolling interests | — | — | — | 1 | — | 1 | ||||||
| Balance, March 31, 2025, net of tax | $— | $(2,443) | $74 | $(3,328) | $(767) | $(6,464) |
The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2026 and 2025, respectively:
| (in millions) | UnrealizedAppreciation(Depreciation)of Fixed MaturitySecurities on WhichAllowance for CreditLosses Was Taken | UnrealizedAppreciation(Depreciation)of All OtherInvestments | Change in thediscount ratesused to measuretraditional andlimited paymentlong-durationinsurance contracts | ForeignCurrencyTranslationAdjustments | RetirementPlanLiabilitiesAdjustment | Total |
|---|---|---|---|---|---|---|
| Unrealized change arising during period | $(1) | $(867) | $5 | $(119) | $— | $(982) |
| Less: Reclassification adjustments included in net income | — | (130) | — | — | (8) | (138) |
| Total other comprehensive income (loss), before of income tax expense (benefit) | (1) | (737) | 5 | (119) | 8 | (844) |
| Less: Income tax expense (benefit) | — | (121) | 1 | 2 | 2 | (116) |
| Total other comprehensive income (loss), net of income tax expense (benefit) | $(1) | $(616) | $4 | $(121) | $6 | $(728) |
| Unrealized change arising during period | $4 | $62 | $9 | $175 | $— | $250 |
| Less: Reclassification adjustments included in net income | — | (262) | — | — | (8) | (270) |
| Total other comprehensive income (loss), before income tax expense (benefit) | 4 | 324 | 9 | 175 | 8 | 520 |
| Less: Income tax expense (benefit) | — | (101) | 3 | (19) | 1 | (116) |
| Total other comprehensive income (loss), net of income tax expense (benefit) | $4 | $425 | $6 | $194 | $7 | $636 |
| AIG | First Quarter 2026 Form 10-Q | 37 |
|---|
The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Condensed Consolidated Statements of Income (Loss)(a):
| Amount Reclassified from AOCI · Affected Line Item in the | |||
|---|---|---|---|
| Three Months Ended March 31, · Condensed Consolidated | |||
| (in millions) | 2026 | 2025 | Statements of Income (Loss) |
| Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken | |||
| Investments | $— | $— | Net realized gains (losses) |
| Total | — | — | |
| Unrealized appreciation (depreciation) of all other investments | |||
| Investments | (130) | (262) | Net realized gains (losses) |
| Total | (130) | (262) | |
| Change in retirement plan liabilities adjustment | |||
| Prior-service credit | (1) | (1) | (b) |
| Actuarial losses | (7) | (7) | (b) |
| Total | (8) | (8) | |
| Total reclassifications for the period | $(138) | $(270) | |
(a)Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts is not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table.
(b)These AOCI components are included in the computation of net periodic pension cost.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.