AIG reported strong first quarter 2026 results, driven by significant growth in net premiums written and a substantial increase in underwriting income for its General Insurance segment. The company demonstrated improved profitability and continued capital return to shareholders, signaling confidence in its strategic execution and long-term outlook.
Adjusted after-tax income (AATI) per diluted share increased 80% year-over-year to $2.11.
positiveGeneral Insurance underwriting income more than tripled, increasing 219% year-over-year to $774 million.
positiveGeneral Insurance combined ratio improved by 850 basis points year-over-year to 87.3%.
positiveNet premiums written (NPW) increased 24% year-over-year on a reported basis, or 18% on a constant dollar basis.
positiveQuarterly dividend increased by 11% to $0.50 per share, marking the fourth consecutive year of double-digit dividend increases.
positiveReturned $760 million of capital to shareholders, including $519 million in share repurchases.
positiveTotal net investment income decreased by 36% year-over-year to $712 million, primarily due to changes in the fair value of investments in Corebridge and equity securities.
attentionNet investment income and other in Other Operations decreased by 51% from the prior year quarter, mainly due to lower parent liquidity levels and reduced dividend income from Corebridge.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
GENERAL INSURANCE | N/A | — | — | — | +18.0% |
OTHER OPERATIONS | N/A | — | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
AIG entered 2026 with significant momentum and delivered outstanding first quarter results, highlighting the strength of our underwriting capabilities and sustained earnings momentum across our businesses.
We delivered impressive top-line growth with net premiums written increasing 24% year-over-year on a reported basis or 18% on a constant dollar basis.
Underwriting income for the first quarter more than tripled year-over-year to $774 million.
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