A

American International Group, Inc.

AIG · CIK 0000005272Insurance lens

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$26.77B1.7%
FY2025
Net income (FY)
$3.10B320.5%
FY2025
Free cash flow (FY)
$6.00B53.0%
FY2023
Diluted EPS (FY)
$5.43350.2%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
−$100B$0$100BFY2007 · Revenue $103.63B · Net income $6.20B · 0001047469-10-001465 · filed 2010-02-26FY07Revenue $103.63BNet income $6.20B0001047469-10-001465 · filed 2010-02-26FY2008 · Revenue −$6.84B · Net income −$99.29B · 0001047469-11-001283 · filed 2011-02-24FY08Revenue −$6.84BNet income −$99.29B0001047469-11-001283 · filed 2011-02-24FY2009 · Revenue $75.45B · Net income −$10.95B · 0001047469-12-001369 · filed 2012-02-23FY09Revenue $75.45BNet income −$10.95B0001047469-12-001369 · filed 2012-02-23FY2010 · Revenue $72.83B · Net income $10.06B · 0001047469-13-001390 · filed 2013-02-21FY10Revenue $72.83BNet income $10.06B0001047469-13-001390 · filed 2013-02-21FY2011 · Revenue $65.11B · Net income $20.62B · 0001047469-14-001096 · filed 2014-02-20FY11Revenue $65.11BNet income $20.62B0001047469-14-001096 · filed 2014-02-20FY2012 · Revenue $71.21B · Net income $3.44B · 0000005272-15-000002 · filed 2015-02-20FY12Revenue $71.21BNet income $3.44B0000005272-15-000002 · filed 2015-02-20FY2013 · Revenue $68.87B · Net income $9.09B · 0000005272-16-000035 · filed 2016-02-19FY13Revenue $68.87BNet income $9.09B0000005272-16-000035 · filed 2016-02-19FY2014 · Revenue $64.41B · Net income $7.53B · 0000005272-17-000017 · filed 2017-02-23FY14Revenue $64.41BNet income $7.53B0000005272-17-000017 · filed 2017-02-23FY2015 · Revenue $58.33B · Net income $2.20B · 0000005272-18-000022 · filed 2018-02-16FY15Revenue $58.33BNet income $2.20B0000005272-18-000022 · filed 2018-02-16FY2016 · Revenue $52.37B · Net income −$849.0M · 0000005272-19-000023 · filed 2019-02-15FY16Revenue $52.37BNet income −$849.0M0000005272-19-000023 · filed 2019-02-15FY2017 · Revenue $49.52B · Net income −$6.08B · 0001104659-20-023889 · filed 2020-02-21FY17Revenue $49.52BNet income −$6.08B0001104659-20-023889 · filed 2020-02-21FY2018 · Revenue $47.39B · Net income −$6.0M · 0001104659-21-025742 · filed 2021-02-19FY18Revenue $47.39BNet income −$6.0M0001104659-21-025742 · filed 2021-02-19FY2019 · Revenue $49.75B · Net income $3.35B · 0001104659-22-024701 · filed 2022-02-17FY19Revenue $49.75BNet income $3.35B0001104659-22-024701 · filed 2022-02-17FY2020 · Revenue $43.74B · Net income −$5.94B · 0000005272-23-000007 · filed 2023-02-17FY20Revenue $43.74BNet income −$5.94B0000005272-23-000007 · filed 2023-02-17FY2021 · Revenue $52.16B · Net income $10.37B · 0000005272-24-000023 · filed 2024-02-14FY21Revenue $52.16BNet income $10.37B0000005272-24-000023 · filed 2024-02-14FY2022 · Revenue $30.00B · Net income $10.23B · 0000005272-25-000012 · filed 2025-02-13FY22Revenue $30.00BNet income $10.23B0000005272-25-000012 · filed 2025-02-13FY2023 · Revenue $27.94B · Net income $3.64B · 0000005272-26-000023 · filed 2026-02-12FY23Revenue $27.94BNet income $3.64B0000005272-26-000023 · filed 2026-02-12FY2024 · Revenue $27.25B · Net income −$1.40B · 0000005272-26-000023 · filed 2026-02-12FY24Revenue $27.25BNet income −$1.40B0000005272-26-000023 · filed 2026-02-12FY2025 · Revenue $26.77B · Net income $3.10B · 0000005272-26-000023 · filed 2026-02-12FY25Revenue $26.77BNet income $3.10B0000005272-26-000023 · filed 2026-02-12FY25Revenue $26.77BNet income $3.10B0000005272-26-000023 · filed 2026-02-12FY07FY10FY13FY16FY19FY22FY25

net margin 6.0% → 11.6%

MarginsNet marginFCF margin
0%500%1000%1500%FY2007 · Net margin 6.0% · FCF margin 30.8%FY07Net margin 6.0%FCF margin 30.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 1451.6% · FCF margin 16.7%FY08Net margin 1451.6%FCF margin 16.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin -14.5% · FCF margin 24.2%FY09Net margin -14.5%FCF margin 24.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 13.8% · FCF margin 22.4%FY10Net margin 13.8%FCF margin 22.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 31.7%FY11Net margin 31.7%derived: net income ÷ revenueFY2012 · Net margin 4.8% · FCF margin 1.2%FY12Net margin 4.8%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 13.2% · FCF margin 4.5%FY13Net margin 13.2%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 11.7% · FCF margin 4.9%FY14Net margin 11.7%FCF margin 4.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 3.8% · FCF margin 2.0%FY15Net margin 3.8%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -1.6% · FCF margin 4.6%FY16Net margin -1.6%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -12.3% · FCF margin -16.8%FY17Net margin -12.3%FCF margin -16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -0.0% · FCF margin -1.6%FY18Net margin -0.0%FCF margin -1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 6.7% · FCF margin -4.2%FY19Net margin 6.7%FCF margin -4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -13.6% · FCF margin 1.6%FY20Net margin -13.6%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 19.9% · FCF margin 11.3%FY21Net margin 19.9%FCF margin 11.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 34.1% · FCF margin 13.1%FY22Net margin 34.1%FCF margin 13.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 13.0% · FCF margin 21.5%FY23Net margin 13.0%FCF margin 21.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin -5.2%FY24Net margin -5.2%derived: net income ÷ revenueFY2025 · Net margin 11.6%FY25Net margin 11.6%derived: net income ÷ revenueFY25Net margin 11.6%derived: net income ÷ revenue’09’13’17’21’25

FY2025: net 11.6% · free cash flow 21.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$20BFY2007 · OCF $32.79B · FCF $31.94B · 0001047469-10-001465 · filed 2010-02-26FY07OCF $32.79BFCF $31.94B0001047469-10-001465 · filed 2010-02-26FY2008 · OCF −$122.0M · FCF −$1.15B · 0001047469-11-001283 · filed 2011-02-24FY08OCF −$122.0MFCF −$1.15B0001047469-11-001283 · filed 2011-02-24FY2009 · OCF $18.58B · FCF $18.24B · 0001047469-12-001369 · filed 2012-02-23FY09OCF $18.58BFCF $18.24B0001047469-12-001369 · filed 2012-02-23FY2010 · OCF $16.60B · FCF $16.33B · 0001047469-13-001390 · filed 2013-02-21FY10OCF $16.60BFCF $16.33B0001047469-13-001390 · filed 2013-02-21FY2011 · OCF −$81.0M · 0001047469-14-001096 · filed 2014-02-20FY11OCF −$81.0M0001047469-14-001096 · filed 2014-02-20FY2012 · OCF $3.68B · FCF $825.0M · 0000005272-15-000002 · filed 2015-02-20FY12OCF $3.68BFCF $825.0M0000005272-15-000002 · filed 2015-02-20FY2013 · OCF $5.87B · FCF $3.13B · 0000005272-16-000035 · filed 2016-02-19FY13OCF $5.87BFCF $3.13B0000005272-16-000035 · filed 2016-02-19FY2014 · OCF $5.01B · FCF $3.17B · 0000005272-17-000017 · filed 2017-02-23FY14OCF $5.01BFCF $3.17B0000005272-17-000017 · filed 2017-02-23FY2015 · OCF $2.88B · FCF $1.16B · 0000005272-18-000022 · filed 2018-02-16FY15OCF $2.88BFCF $1.16B0000005272-18-000022 · filed 2018-02-16FY2016 · OCF $3.50B · FCF $2.38B · 0000005272-19-000023 · filed 2019-02-15FY16OCF $3.50BFCF $2.38B0000005272-19-000023 · filed 2019-02-15FY2017 · OCF −$7.82B · FCF −$8.30B · 0001104659-20-023889 · filed 2020-02-21FY17OCF −$7.82BFCF −$8.30B0001104659-20-023889 · filed 2020-02-21FY2018 · OCF −$394.0M · FCF −$762.0M · 0001104659-21-025742 · filed 2021-02-19FY18OCF −$394.0MFCF −$762.0M0001104659-21-025742 · filed 2021-02-19FY2019 · OCF −$1.81B · FCF −$2.11B · 0001104659-22-024701 · filed 2022-02-17FY19OCF −$1.81BFCF −$2.11B0001104659-22-024701 · filed 2022-02-17FY2020 · OCF $1.04B · FCF $685.0M · 0000005272-23-000007 · filed 2023-02-17FY20OCF $1.04BFCF $685.0M0000005272-23-000007 · filed 2023-02-17FY2021 · OCF $6.22B · FCF $5.88B · 0000005272-24-000023 · filed 2024-02-14FY21OCF $6.22BFCF $5.88B0000005272-24-000023 · filed 2024-02-14FY2022 · OCF $4.13B · FCF $3.92B · 0000005272-25-000012 · filed 2025-02-13FY22OCF $4.13BFCF $3.92B0000005272-25-000012 · filed 2025-02-13FY2023 · OCF $6.24B · FCF $6.00B · 0000005272-26-000023 · filed 2026-02-12FY23OCF $6.24BFCF $6.00B0000005272-26-000023 · filed 2026-02-12FY2024 · OCF $3.27B · 0000005272-26-000023 · filed 2026-02-12FY24OCF $3.27B0000005272-26-000023 · filed 2026-02-12FY2025 · OCF $3.31B · 0000005272-26-000023 · filed 2026-02-12FY25OCF $3.31B0000005272-26-000023 · filed 2026-02-12FY25OCF $3.31B0000005272-26-000023 · filed 2026-02-12’09’13’17’21’25
Returns on capitalReturn on equityReturn on assets
-200%-100%0%FY2008 · ROE -188.4% · ROA -11.5%FY08ROE -188.4%ROA -11.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE -15.7% · ROA -1.3%FY09ROE -15.7%ROA -1.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 11.8% · ROA 1.5%FY10ROE 11.8%ROA 1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 20.3% · ROA 3.7%FY11ROE 20.3%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 3.5% · ROA 0.6%FY12ROE 3.5%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 9.0% · ROA 1.7%FY13ROE 9.0%ROA 1.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 7.0% · ROA 1.5%FY14ROE 7.0%ROA 1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 2.4% · ROA 0.4%FY15ROE 2.4%ROA 0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -1.1% · ROA -0.2%FY16ROE -1.1%ROA -0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -9.3% · ROA -1.2%FY17ROE -9.3%ROA -1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -0.0% · ROA -0.0%FY18ROE -0.0%ROA -0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 5.1% · ROA 0.6%FY19ROE 5.1%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -9.0% · ROA -1.0%FY20ROE -9.0%ROA -1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 15.7% · ROA 1.7%FY21ROE 15.7%ROA 1.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 25.0% · ROA 2.0%FY22ROE 25.0%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 8.0% · ROA 0.7%FY23ROE 8.0%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -3.3% · ROA -0.9%FY24ROE -3.3%ROA -0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 7.5% · ROA 1.9%FY25ROE 7.5%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 7.5%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity -188% (FY2008) → 8% (FY2025) · on assets 1.9%

Balance sheetLiabilitiesEquity
$0$500BFY2008 · Liabilities $797.69B · Equity $52.71BFY08Liabilities $797.69BEquity $52.71B0001047469-10-001465 · filed 2010-02-26FY2009 · Liabilities $748.55B · Equity $69.82BFY09Liabilities $748.55BEquity $69.82B0001047469-11-001283 · filed 2011-02-24FY2010 · Liabilities $569.77B · Equity $85.32BFY10Liabilities $569.77BEquity $85.32B0001047469-12-001369 · filed 2012-02-23FY2011 · Liabilities $442.14B · Equity $101.54BFY11Liabilities $442.14BEquity $101.54B0001047469-13-001390 · filed 2013-02-21FY2012 · Liabilities $449.63B · Equity $98.00BFY12Liabilities $449.63BEquity $98.00B0001047469-14-001096 · filed 2014-02-20FY2013 · Liabilities $440.22B · Equity $100.47BFY13Liabilities $440.22BEquity $100.47B0000005272-15-000002 · filed 2015-02-20FY2014 · Liabilities $408.31B · Equity $106.90BFY14Liabilities $408.31BEquity $106.90B0000005272-16-000035 · filed 2016-02-19FY2015 · Liabilities $406.63B · Equity $89.66BFY15Liabilities $406.63BEquity $89.66B0000005272-17-000017 · filed 2017-02-23FY2016 · Liabilities $421.41B · Equity $76.30BFY16Liabilities $421.41BEquity $76.30B0000005272-18-000022 · filed 2018-02-16FY2017 · Liabilities $432.59B · Equity $65.17BFY17Liabilities $432.59BEquity $65.17B0000005272-19-000023 · filed 2019-02-15FY2018 · Liabilities $434.68B · Equity $56.36BFY18Liabilities $434.68BEquity $56.36B0001104659-20-023889 · filed 2020-02-21FY2019 · Liabilities $457.64B · Equity $65.67BFY19Liabilities $457.64BEquity $65.67B0001104659-21-025742 · filed 2021-02-19FY2020 · Liabilities $519.28B · Equity $66.36BFY20Liabilities $519.28BEquity $66.36B0001104659-22-024701 · filed 2022-02-17FY2021 · Liabilities $527.20B · Equity $65.96BFY21Liabilities $527.20BEquity $65.96B0000005272-23-000007 · filed 2023-02-17FY2022 · Liabilities $478.77B · Equity $40.97BFY22Liabilities $478.77BEquity $40.97B0000005272-24-000023 · filed 2024-02-14FY2023 · Liabilities $488.00B · Equity $45.35BFY23Liabilities $488.00BEquity $45.35B0000005272-25-000012 · filed 2025-02-13FY2024 · Liabilities $118.77B · Equity $42.52BFY24Liabilities $118.77BEquity $42.52B0000005272-26-000023 · filed 2026-02-12FY2025 · Liabilities $120.09B · Equity $41.14BFY25Liabilities $120.09BEquity $41.14B0000005272-26-000023 · filed 2026-02-12FY25Liabilities $120.09BEquity $41.14B0000005272-26-000023 · filed 2026-02-12’09’13’17’21’25

FY2025: $161.25B assets · $120.09B liabilities · $41.14B equity

The receipts

Insurance lens

Specialized rows for insurer companies — not in the generic statement table above.

USD millions (ratios as %)FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014
Premiums earned23,75123,53725,56426,76531,28528,52330,56130,61431,37434,39336,65537,254
Policyholder benefits & claims14,16214,56715,39315,46123,78524,80625,40227,41229,97232,43731,34528,281
Loss ratio59.6%61.9%60.2%57.8%76.0%87.0%83.1%89.5%95.5%94.3%85.5%75.9%

Premiums earned and policyholder benefits & claims are as-reported XBRL components — absent (not zero) for insurance brokers such as Aon and Marsh McLennan, which earn fees and commissions rather than underwriting premiums, so these rows are correctly blank for them. The loss ratio (policyholder benefits ÷ premiums earned) is computed by stonks for full fiscal years only.