AIG earnings date, guidance and results
AIG’s next results are expected on November 3, 2026. The key thing to watch is whether AIG can turn premium growth into profitable underwriting while keeping reserve surprises contained.
What has AIG guided for the year?
AIG’s weighted path is an 8% loss by October 2027 or a 36% gain by October 2029, hinging on repeatable underwriting and expense progress. Management targets at least 20.0% annual operating EPS growth compounded over 2025–2027 and Core Operating ROE of 10.0%–13.0% over that period. It also aims for a General Insurance expense ratio below 30.0% during 2025–2027 and dividend per share growth over 2025–2026.
| Period covered | Low | High | Date given | |
|---|---|---|---|---|
| Operating EPS CAGR | 2025–2027 | 20.0% | Aug 7, 2026 | |
| Core Operating ROE | 2025–2027 | 10.0% | 13.0% | Aug 7, 2026 |
| GI Expense Ratio | 2025–2027 | 30.0% | Aug 7, 2026 | |
| Dividends Per Share CAGR | 2025–2026 | 10.0% | Aug 7, 2026 |
What this means. The minimum targets for operating earnings per share growth and dividends per share growth are floors, while the general insurance expense ratio must stay below, not equal to, 30%.
Did AIG keep its past promises?
AIG promised core operating return on equity of 10%–13% during 2025–2027 and an expense ratio below 30% by the end of that period. It delivered 11.1% Core Operating ROE in 2025, while its expense ratio was 31.1%. Andersen reaffirmed those commitments in August 2026, so they are obligations he inherits rather than achievements he can already claim.
How have AIG’s revenue and profit trended?
The combined ratio improved to 89.0% from 89.3%, and core earnings rose to $1,069 million. Net income fell to $948 million, while diluted EPS fell to $1.78. The main weakness was investment-related, not an underwriting collapse.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Net premiums written | 7,516 | 5,599 | 6,039 | 6,230 | 6,880 | 4,526 | 6,002 | 6,295 |
| Combined ratio | 89.0% | 87.3% | 88.8% | 86.8% | 89.3% | 95.8% | ||
| Core earnings (company's measure) | 1,069 | 1,146 | 1,072 | 1,226 | 1,044 | 702 | ||
| Net income | 948 | 763 | 735 | 519 | 1,144 | 698 | ||
| EPS, diluted | 1.78 | 1.41 | 1.35 | 0.93 | 1.98 | 1.16 |
What this means. The company’s core earnings are its own adjusted profit measure, so they differ from net income because they exclude or rearrange some items.
What should I watch in AIG’s next results?
The nearest checkpoint is AIG’s November 3, 2026 results and November 4 call. Investors should compare premium growth, expenses and the accident-year underwriting result.
Year-end 2026 should reveal more about Everest renewals and expenses. Convex participation then rises in 2027 and again in 2028. The key is to keep current underwriting, old-claim revisions and accounting recognition separate. That discipline leads to AIG’s operational bet on artificial intelligence.