American International Group (AIG) Q2 FY2026 earnings: revenue $7.1 billion, down 0.1% on the year

American International Group, Inc. (AIG) reported revenue of $7.1 billion for Q2 FY2026, the quarter ended 30 June 2026, down 0.1% on the same quarter a year earlier. Net income was $948 million, down 17.1% on the year, and diluted earnings per share $1.78. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue

$7.1 billion

-0.1% on the year · +6.5% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

17.8%

21.8% a year earlier

Q3 FY2024Q2 FY2026

Net income

$948 million

-17.1% on the year · +24.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.78

-10.1% on the year · +26.2% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

Adjusted earnings per share up 10%: Adjusted after-tax income per diluted share was $2.00 against $1.81, up 10%. Adjusted pre-tax income was $1,404 million against $1,391 million. Six-month adjusted per share was $4.12, up 38.7%.
General Insurance underwriting income up 10%: GI underwriting income was $686 million against $626 million, up 10%. GI adjusted pre-tax income was $1,546 million, up 4%, driven by higher underwriting income.
Combined ratio improved 30 basis points: GI combined ratio was 89.0% against 89.3%. Accident year combined ratio, as adjusted, was 88.1% against 88.4%. Lower expense ratio and higher favorable development drove the gain, partly offset by higher catastrophe charges.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	7,085	6,650	7,091	+6.5%	-0.1%
Selling, general and administrative	1,231	1,137	1,162	+8.3%	+5.9%
Operating income	1,264	987	1,544	+28.1%	-18.1%
Operating margin	17.8%	14.8%	21.8%
Interest expense	100	100	100	0.0%	0.0%
Pre-tax income	1,264	987	1,544	+28.1%	-18.1%
Income tax	316	224	400	+41.1%	-21.0%
Effective tax rate	25.0%	22.7%	25.9%
Net income	948	763	1,144	+24.2%	-17.1%
Net margin	13.4%	11.5%	16.1%
Diluted EPS	$1.78	$1.41	$1.98	+26.2%	-10.1%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	1,716	155	1,391	+1,007.1%	+23.4%
Cash from investing	-752	833	564
Cash from financing	-920	-799	-1,535
Depreciation and amortisation	939	849	883	+10.6%	+6.3%
Buybacks	645	508	1,778	+27.0%	-63.7%
Dividends paid	263	241	254	+9.1%	+3.5%
Dividend per share	$0.50	$0.45	$0.45	+11.1%	+11.1%
Diluted shares, weighted	534m	542m	578m	-1.6%	-7.7%
Shares outstanding at period end	525m	533m	560m	-1.5%	-6.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	40,606	40,405	41,501	+0.5%	-2.2%
Non-controlling interest	20.0	24.0	28.0	-16.7%	-28.6%
Other liabilities	122,838	121,114	124,442	+1.4%	-1.3%
Total liabilities and equity	163,464	161,543	165,971	+1.2%	-1.5%
Goodwill	3,422	3,418	3,453	+0.1%	-0.9%
Securities held for sale or to maturity	71,472	70,528	68,860	+1.3%	+3.8%
Loans	2,599	2,813	3,520	-7.6%	-26.2%
Cash and equivalents	1,565	1,528	1,841	+2.4%	-15.0%
Other assets	84,406	83,256	88,297	+1.4%	-4.4%
Total assets	163,464	161,543	165,971	+1.2%	-1.5%

Questions

What was American International Group's revenue in Q2 FY2026?

American International Group (AIG) reported revenue of $7.1 billion for Q2 FY2026, the quarter ended 30 June 2026, down 0.1% on the same quarter a year earlier.

How much did American International Group earn in Q2 FY2026?

Net income for Q2 FY2026 was $948 million, down 17.1% on the year, and diluted earnings per share $1.78.

When did American International Group report Q2 FY2026 results?

American International Group filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 7 August 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	14,087	14,944	13,663	13,998	11,586	6,709	7,436	7,267	6,526	6,763	6,560	6,751	7,177	6,783	7,091	6,351	6,550	6,650	7,085	7,443
SG&A	2,244	2,164	2,206	2,075	2,698	1,980	1,494	1,311	2,134	1,238	1,610	1,346	1,335	1,115	1,162	1,297	1,479	1,137	1,231	1,266
Operating income	5,048	5,714	3,925	3,904	279	-4,506	886	1,100	-4,646	1,058	617	649	1,546	960	1,544	714	661	987	1,264	1,119
Operating margin	36%	38%	29%	28%	2%	-67%	12%	15%	-71%	16%	9%	10%	22%	14%	22%	11%	10%	15%	18%	15%
Interest expense	297	263	266	282	314	307	129	138	271	116	125	112	109	92.0	100	99.0	105	100	100	101
Pre-tax income	5,048	5,714	3,925	3,904	279	-231	886	1,100	-1,346	1,058	617	649	1,546	960	1,544	714	661	987	1,264	1,119
Tax rate	19%	20%	22%	21%	33%	n/a	5%	36%	n/a	25%	23%	26%	39%	27%	26%	27%	-11%	23%	25%	24%
Net income	3,746	4,173	2,754	2,748	271	30.0	1,493	2,027	93.0	1,216	-3,977	459	898	698	1,144	519	735	763	948	844
Net margin	27%	28%	20%	20%	2%	0%	20%	28%	1%	18%	-61%	7%	13%	10%	16%	8%	11%	11%	13%	11%
Diluted EPS	$4.38	$5.04	$3.43	$3.55	$0.58	$0.03	$2.03	$2.81	$0.11	$1.74	-$5.96	$0.71	$1.43	$1.16	$1.98	$0.93	$1.35	$1.41	$1.78	$1.60
Operating cash flow	515	39.0	574	3,387	189	497	614	3,510	1,622	521	930	1,699	125	-56.0	1,391	1,343	636	155	1,716	2,691
Buybacks	941	1,394	1,711	1,293	802	577	540	810	1,034	1,640	1,685	1,505	1,822	2,229	1,778	1,245	584	508	645	529
Dividends paid	264	258	248	240	236	234	260	254	249	243	261	254	244	234	254	246	242	241	263	260
Shares outstanding	819m	800m	771m	747m	734m	728m	718m	705m	689m	671m	650m	630m	606m	580m	560m	544m	538m	533m	525m	519m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-K	10-Q	10-Q	10-K	10-K	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 7 August 2026: the filing.