American International Group (AIG) reported adjusted after-tax income of $1.1bn in the third quarter of 2026, equivalent to $2.06 per diluted share, supported by premium growth and strong underwriting performance.
General Insurance net premiums written increased 7% year-on-year to $6.7bn on a reported basis and 8% on a constant dollar basis. Growth was driven by its Global Commercial and Global Personal businesses, which recorded increases of 7% and 9%, respectively, on a constant dollar basis.
The segment posted underwriting income of $564m and a combined ratio of 91.3%. Its accident year combined ratio, excluding catastrophe losses, was 88.4%.
Net investment income from General Insurance rose 9% year-on-year to $1bn. AIG recorded a return on equity of 8.5% and a Core Operating ROE of 11.1% for the quarter. Adjusted book value per share increased 5% year-on-year to $81.25, while the company returned $787m to shareholders through $527m in share repurchases and $260m in dividends.
AIG president and CEO Eric Andersen said the results reflected the company's broad-based growth and continued progress towards its 2025 Investor Day financial objectives. In the first nine months of 2026, the insurer recorded double-digit premium growth and more than $2bn in underwriting income.
Its combined ratio improved by 140 basis points year-on-year to 89.2%, while its accident year combined ratio, excluding catastrophe losses, improved by 50 basis points to 87.7%.