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Sep 30
AIG Q3 2025 Earnings Report
AIG reported strong underwriting results and strategic investments in Q3 2025.
Key Takeaways
AIG delivered robust earnings in Q3 2025, driven by significantly higher underwriting income and improved performance in General Insurance. Strategic investments and capital returns highlighted a focused execution of its growth strategy.
Adjusted EPS rose to $2.20, reflecting strong operational performance.
Underwriting income surged 81% YoY to $793M.
General Insurance combined ratio improved to 86.8%.
Strategic investments were made in Convex Group and Onex Corporation.
AIG
AIG
AIG Revenue by Segment
AIG Revenue by Geographic Location
Revenue by Segment
General Insurance Revenue
CapyFin.comRevenue by Geographic Location
North America Commercial Revenue
CapyFin.comInternational Commercial Revenue
CapyFin.comGlobal Personal Revenue
CapyFin.com Forward Guidance
AIG expects continued financial strength and earnings growth through underwriting excellence, strategic investments, and capital management.
Positive Outlook
- Strategic acquisitions expected to be EPS and ROE accretive.
- Strong balance sheet enabling capital return to shareholders.
- Improved underwriting profitability across all segments.
- Disciplined investment portfolio repositioning.
- On track to meet financial objectives set at Investor Day.
Challenges Ahead
- Lower net investment income due to Corebridge fair value change.
- Decline in Global Personal premiums from reinsurance structure shifts.
- Decreased investment income in Other Operations from Corebridge stake.
- Book value growth slowed compared to previous quarters.
- Continued exposure to real estate investment impairments.