AIG dividend: payout, coverage and yield
AIG’s latest completed-year dividend was $1.75 per share, with a stated target of at least 10% growth through 2026. Operating cash covered the dividend: AIG generated $3,314 million of operating cash in 2025 against a $976 million payout.
How much does AIG pay in dividends?
Dividends remain stable in the bear case, grow moderately in the base case and sustain management’s near-term growth objective in the bull case. Base dividends rise from $1.93 per share in 2027 to $2.13 in 2029. The bear case holds at $1.75, while the bull case reaches $2.56.
The latest completed-year dividend was $1.75, and the stated target is at least 10% growth through 2026. A 2025 payout of $976 million against $3,096 million of net income leaves room for increases, but claims volatility argues for slower growth after 2026.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Net income | 3,096 | ||||
| EPS, diluted | 5.43 | ||||
| Dividend per share | 1.75 | 1.56 | 1.40 | 1.28 | 1.28 |
What this means. The company's core earnings are its own adjusted profit measure, so they differ from net income because certain items are treated differently.
Does AIG’s cash cover its dividend?
Continuing operations generated $3,314 million of operating cash in 2025, close to net income of $3,096 million. But premiums arrive before many claims, so current cash can precede a reserve shortfall. The next test is how assets and debt support those obligations.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Net income | 3,096 | ||||
| − Dividends declared on common shares | 976 | 1,002 | 997 | 982 | 1,083 |
| − Share buybacks | 5,836 | 6,652 | 2,961 | 5,200 | 2,592 |
| = Paid out more than it earned | 3,716 | ||||
| Paid out, % of earnings for common | 220.0% |
What this means. The company paid out 220 percent of its profit because it returned more money through dividends and share buybacks than it earned that year.
What could change AIG’s dividend?
The forecast would move toward the bear case if commercial property competition persists, casualty reserves strengthen or catastrophe losses push the combined ratio higher between 2027 and 2029. A persistently above-target expense ratio would weaken both earnings and repurchase capacity.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 3,600 (3,050 / 4,000) | 3,850 (2,800 / 4,600) | 4,100 (2,700 / 5,200) |
| Shares (millions) | 497 (514 / 479) | 471 (501 / 433) | 444 (489 / 385) |
| Dividends per share | 1.93 (1.75 / 2.12) | 2.03 (1.75 / 2.33) | 2.13 (1.75 / 2.56) |
| Price to earnings | 10.00 (8.50 / 12.00) | 10.50 (8.00 / 13.00) | 11.00 (7.50 / 14.00) |
What is AIG’s dividend yield at today’s price?
American International Group (AIG) is an insurer, so its stock price rests on promises that may not be settled for years. At $80.74 on October 19, 2026, the shares look cheap on some measures, but the central question is what kind of earnings and capital that price assumes.