According to the Group, the year-over-year decrease was primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities, partially offset by higher underwriting income.
AATI was USD 1.1 billion, or USD 2.00 per diluted common share, compared to USD 1.0 billion, or USD 1.81 per diluted common share in the prior year quarter, reflecting higher underwriting income, partially offset by lower Other Operations Net investment income.
Total Net investment income for the second quarter of 2026 was USD 1.1 billion, compared to USD 1.5 billion in the prior year quarter, primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities.
Total Net investment income on an APTI basis was USD 908 million, compared to USD 955 million in the prior year quarter, due to lower Net investment income in Other Operations, while General Insurance Net investment income was flat year-over-year.
AIG returned USD 904 million to shareholders in the second quarter of 2026 through USD 641 million of common stock repurchases, representing approximately 8 million shares, and USD 263 million of common stock dividends. At June 30, 2026, the total debt to total capital ratio was 18.1% and the total debt to total adjusted capital ratio was 17.6%.
ROE and Core Operating ROE were 9.4% and 11.1%, respectively, in the second quarter of 2026. Book value per share was USD 77.39 as of June 30, 2026, an increase of 4% from June 30, 2025. Adjusted tangible book value per share was USD 72.18, an increase of 3% from June 30, 2025.
“AIG delivered another strong quarter, marking an exceptional first half of the year and underscoring the benefits of our diversified global portfolio and continued momentum from organic growth and our recent strategic transactions”, said Eric Andersen, AIG President & Chief Executive Officer.
“Our strong quarterly results demonstrate our ability to perform well in the current market, which has transitioned from an extended phase of broad positive pricing into a more selective environment, where profitability and growth are increasingly dependent on line-specific dynamics. The breadth of our underwriting expertise and the diversity of our global portfolio remain important competitive advantages, allowing us to continue to pursue targeted growth in the segments where we expect to achieve the most attractive risk-adjusted returns”, commented AIG President & Chief Executive Officer.
“We are building on our strong foundation as a market leader and best-in-class underwriting company. Our progress reflects the outstanding execution and commitment of our talented global team. We remain confident in our ability to meet our 2025 Investor Day financial objectives and see significant opportunity to leverage our global scale, strong brand and technical expertise to bring the full capabilities of AIG together to support our clients and stakeholders, while driving sustainable, profitable growth”, Eric Andersen added.
The full report can be found here.
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