AIG reported strong full-year 2025 results, driven by significant growth in adjusted after-tax income per diluted share and improved underwriting performance in its General Insurance segment. The company successfully deployed capital through share repurchases and dividends, while also executing strategic partnerships to enhance future earnings and ROE.
Adjusted after-tax income (AATI) per diluted share increased 43% year-over-year to $7.09 for the full year 2025.
positiveGeneral Insurance underwriting income grew 22% year-over-year to $2.3 billion for the full year 2025.
positiveReturned $6.8 billion of capital to shareholders in full year 2025, including $5.8 billion of share repurchases.
positiveCore Operating ROE of 11.1% exceeded the target of 10% plus for 2025.
positiveGeneral Insurance combined ratio improved to 90.1% for full year 2025 from 91.8% in the prior year.
positiveNet income per diluted share for Q4 2025 was $1.35, a decrease from $1.43 in the prior year quarter, primarily due to changes in unrealized losses related to Corebridge and a prior year gain from divestiture.
attentionTotal net investment income for Q4 2025 decreased 34% year-over-year to $872 million, mainly due to lower gains on fair value changes of Corebridge and alternative investments.
attentionGeneral Insurance - International Commercial underwriting income decreased 29% year-over-year to $248 million in Q4 2025, with the combined ratio increasing to 88.8% from 83.1%.
attentionGeneral Insurance - Global Personal net premiums written declined 12% year-over-year in Q4 2025, and the combined ratio increased to 94.3% from 95.4%.
attentionFull year 2025 net premiums written for General Insurance decreased 1% on a reported basis, though increased 2% on a comparable basis.
attentionMargin metrics will be available once backend extracts data from insights_json
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
GENERAL INSURANCE - NORTH AMERICA COMMERCIAL | N/A | — | — | — |
GENERAL INSURANCE - INTERNATIONAL COMMERCIAL | N/A | — | — | — |
GENERAL INSURANCE - GLOBAL PERSONAL | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
2025 was an exceptional year for AIG, marked by tremendous progress against strategy and outstanding financial results.
Adjusted after-tax income per diluted share increased 43% to $7.09, with Core Operating ROE of 11.1% exceeding the 10% plus target.
The company executed a disciplined capital management strategy, returning $6.8 billion to shareholders, including $5.8 billion in share repurchases.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.