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Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 54.7GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
6.9%
Sector: 8.5%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, AMERICAN INTERNATIONAL GROUP, INC. (AIG) receives a "Hold" rating with a composite score of 50.6/100, ranked #1255 out of 4446 stocks. Key factor scores: Quality 55/100, Value 68/100, Momentum 35/100. This is quantitative analysis only — not investment advice.
AMERICAN INTERNATIONAL GROUP, INC. (AIG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does AMERICAN INTERNATIONAL GROUP, INC. Do?
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, plan administrative, and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. The company was founded in 1919 and is headquartered in New York, New York. AMERICAN INTERNATIONAL GROUP, INC. (AIG) is classified as a large-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO Peter S. Zaffino and employs approximately 26,200 people, headquartered in New York, New York. With a market capitalization of $40.5B, AIG is one of the prominent companies in the Financials sector.
AMERICAN INTERNATIONAL GROUP, INC. (AIG) Stock Rating — Hold (April 2026)
As of April 2026, AMERICAN INTERNATIONAL GROUP, INC. receives a Hold rating with a composite score of 50.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AIG ranks #1,255 out of 4,446 stocks in our coverage universe. Within the Financials sector, AMERICAN INTERNATIONAL GROUP, INC. ranks #384 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
AIG Stock Price and 52-Week Range
AMERICAN INTERNATIONAL GROUP, INC. (AIG) currently trades at $76.87. The stock lost $0.85 (1.1%) in the most recent trading session. The 52-week high for AIG is $88.07, which means the stock is currently trading -12.7% from its annual peak. The 52-week low is $71.25, putting the stock 7.9% above its annual trough. Recent trading volume was 2.1M shares, reflecting moderate market activity.
Is AIG Overvalued or Undervalued? — Valuation Analysis
AMERICAN INTERNATIONAL GROUP, INC. (AIG) carries a value factor score of 68/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 14.43x, compared to the Financials sector average of 14.88x — a discount of 3%. The price-to-book ratio stands at 0.99x, versus the sector average of 1.22x. The price-to-sales ratio is 1.51x, compared to 0.90x for the average Financials stock. On an enterprise value basis, AIG trades at 13.50x EV/EBITDA, versus 3.26x for the sector.
Overall, AIG's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
AMERICAN INTERNATIONAL GROUP, INC. Profitability — ROE, Margins, and Quality Score
AMERICAN INTERNATIONAL GROUP, INC. (AIG) earns a quality factor score of 55/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 6.9%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.8% versus the sector average of 1.2%.
On a margin basis, AMERICAN INTERNATIONAL GROUP, INC. reports gross margins of 100.0%. The operating margin is 13.6% (sector: 21.8%). Net profit margin stands at 10.4%, versus 17.7% for the average Financials stock. Revenue growth is running at -3.2% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
AIG Debt, Balance Sheet, and Financial Health
AMERICAN INTERNATIONAL GROUP, INC. has a debt-to-equity ratio of 22.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.34x, suggesting adequate working capital coverage. Total debt on the balance sheet is $9.19B. Cash and equivalents stand at $1.59B.
AIG has a beta of 0.55, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for AMERICAN INTERNATIONAL GROUP, INC. is 86/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
AMERICAN INTERNATIONAL GROUP, INC. Revenue and Earnings History — Quarterly Trend
In TTM 2026, AMERICAN INTERNATIONAL GROUP, INC. reported revenue of $26.98B and earnings per share (EPS) of $5.48. Net income for the quarter was $2.82B. Gross margin was 100.0%. Operating income came in at $3.70B.
In FY 2025, AMERICAN INTERNATIONAL GROUP, INC. reported revenue of $26.77B and earnings per share (EPS) of $5.48. Net income for the quarter was $3.10B. Revenue grew -1.7% year-over-year compared to FY 2024. Operating income came in at $3.88B.
In Q3 2025, AMERICAN INTERNATIONAL GROUP, INC. reported revenue of $6.35B and earnings per share (EPS) of $0.94. Net income for the quarter was $524M. Revenue grew -5.9% year-over-year compared to Q3 2024. Operating income came in at $714M.
In Q2 2025, AMERICAN INTERNATIONAL GROUP, INC. reported revenue of $7.09B and earnings per share (EPS) of $2.00. Net income for the quarter was $1.14B. Revenue grew 8.1% year-over-year compared to Q2 2024. Operating income came in at $1.54B.
Over the past 8 quarters, AMERICAN INTERNATIONAL GROUP, INC. has demonstrated a growth trajectory, with revenue expanding from $6.56B to $26.98B. Investors analyzing AIG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
AIG Dividend Yield and Income Analysis
AMERICAN INTERNATIONAL GROUP, INC. (AIG) does not currently pay a dividend. This is common among growth-oriented companies in the Insurance industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.
AIG Momentum and Technical Analysis Profile
AMERICAN INTERNATIONAL GROUP, INC. (AIG) has a momentum factor score of 35/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 31/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
AIG vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing AIG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AIG vs S&P 500 (SPY) comparison to assess how AMERICAN INTERNATIONAL GROUP, INC. stacks up against the broader market across all factor dimensions.
AIG Next Earnings Date
No upcoming earnings date has been announced for AMERICAN INTERNATIONAL GROUP, INC. (AIG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy AIG? — Investment Thesis Summary
AMERICAN INTERNATIONAL GROUP, INC. presents a balanced picture with arguments on both sides. The value score of 68/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 35/100, a headwind for near-term performance. Low volatility (stability score 86/100) reduces downside risk.
In summary, AMERICAN INTERNATIONAL GROUP, INC. (AIG) earns a Hold rating with a composite score of 50.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AIG stock.
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Institutional Research Dossier
AMERICAN INTERNATIONAL GROUP, INC. (AIG) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
American International Group, Inc. (AIG) is a diversified global insurance company with a hold rating in our proprietary BCR model. While the company boasts strong stability and a relatively attractive valuation, its profitability, investment, and momentum metrics lag the broader Financials sector. The key debate centers around AIG's ability to drive consistent earnings growth and return capital to shareholders in the face of industry headwinds and a challenging macroeconomic environment.
Business Strategy & Overview
AIG operates two main business segments: General Insurance and Life and Retirement. The General Insurance unit provides a wide range of commercial, industrial, and personal insurance products, including liability, property, casualty, and specialty coverages. This segment serves both institutional and individual customers internationally. The Life and Retirement division offers a diverse suite of annuity and insurance products, as well as retirement planning and asset management services, primarily to retail clients in North America.
AIG's strategic priorities include optimizing its portfolio, investing in technology and innovation, and enhancing operational efficiency to drive profitable growth. The company has undertaken substantial restructuring efforts in recent years, shedding non-core assets and businesses to simplify its operations and improve underwriting discipline. AIG is also leveraging digital capabilities to enhance the customer experience and expand distribution across both its insurance and retirement products.
The insurance industry is highly competitive, with AIG facing rivalry from other global players like Chubb, Allianz, and Prudential Financial, as well as regional and specialty providers. Key competitive factors include pricing, product breadth, claims handling, distribution reach, and brand reputation. AIG aims to differentiate itself through its extensive product suite, robust risk management, and diversified global footprint.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
-3.2%
Sector: 9.4%
-134% VS SCTR
Economic Moat Analysis
AIG's economic moat can be characterized as narrow. The company benefits from certain intangible assets, including its well-recognized brand and longstanding customer relationships, particularly in its General Insurance business. AIG's global scale and diversification also provide some competitive advantages, allowing it to spread risk and leverage infrastructure and operations across markets.
However, the insurance industry overall exhibits relatively low barriers to entry, with new players able to compete on price and product innovation. Additionally, AIG's products generally have low switching costs for customers, who can readily shift providers. The company's competitive position is also vulnerable to disruptive technologies and evolving customer preferences, which could erode its distribution advantages over time.
While AIG has taken steps to enhance its underwriting discipline and operational efficiency, its moat remains limited compared to firms with more durable competitive advantages, such as network effects or cost advantages. The company's ability to sustain superior profitability and returns will depend on its continued execution of strategic initiatives and adaptation to industry changes.
Financial Health & Profitability
AIG's financial performance has been mixed in recent years. The company's revenue growth has lagged the broader Financials sector, with a 3.2% decline in the trailing twelve months compared to 9.3% growth for the industry. Profitability metrics, including return on equity (6.9% vs. 8.5% sector) and operating margin (13.6% vs. 22.0% sector), also trail sector averages.
AIG's balance sheet, however, appears relatively strong, with a current ratio of 1.34 and a debt-to-equity ratio of 22.0, well below the Financials sector average of 115.0. The company's cash position of $1.59 billion and free cash flow of -$3.05 billion provide some financial flexibility, though the negative free cash flow is a concern.
Quarterly financial results have been volatile, with AIG reporting a net loss in Q2 2024 due to significant catastrophe and other losses. This highlights the inherent risks and cyclicality of the insurance business. Overall, while AIG's financial health is not dire, its profitability and growth metrics lag the sector, warranting close monitoring of the company's ability to execute on its strategic initiatives and navigate industry challenges.
Valuation Assessment
AIG's valuation appears modestly attractive relative to the Financials sector. The company's P/E ratio of 13.6x is below the sector average of 15.5x, and its EV/EBITDA multiple of 3.2x is also lower than the 3.5x sector average. These metrics suggest the stock may be undervalued compared to its peers, potentially offering an opportunity for investors.
However, AIG's lagging profitability and growth metrics temper the valuation appeal. The company's free cash flow yield is negative, which is a concern, and its revenue growth has been sluggish. This raises questions about AIG's ability to sustain earnings and drive shareholder returns in the long run.
Overall, AIG's valuation appears fair, with potential upside if the company can execute on its strategic initiatives and deliver improved financial performance. But the stock is not an obvious bargain, and investors should closely monitor the company's progress in addressing its operational and competitive challenges.
Risk & Uncertainty
AIG faces several key risks and uncertainties that could impact its future performance. First, the insurance industry is highly regulated, and changes to laws and regulations, particularly around capital requirements and underwriting practices, could adversely affect the company's operations and profitability.
Additionally, AIG is exposed to various underwriting risks, including catastrophe losses, reserve adequacy, and claims management. Significant losses or reserve strengthening could erode the company's financial position and undermine investor confidence.
Competition is another critical risk factor. AIG operates in a crowded and competitive industry, with both traditional and disruptive players vying for market share. Failure to adapt to evolving customer preferences and technological changes could lead to loss of business and market share.
Lastly, macroeconomic conditions, such as interest rate movements, inflation, and recessionary pressures, can significantly impact AIG's investment portfolio, annuity business, and overall profitability. A prolonged economic downturn could pose substantial challenges for the company.
Bulls Say / Bears Say
The Bull Case
BULL VIEWAIG's strong brand recognition, global scale, and diversified product portfolio provide a solid foundation for long-term growth and market share gains.
BULL VIEWThe company's focus on optimizing operations, enhancing digital capabilities, and disciplined underwriting could drive improved profitability and returns over time.
The Bear Case
BEAR VIEWPersistent competitive pressures, regulatory risks, and macroeconomic headwinds may continue to weigh on AIG's financial performance and limit its ability to deliver consistent earnings growth.
BEAR VIEWThe company's history of volatility and past strategic missteps raise concerns about its ability to effectively execute its turnaround plan and sustain a widening economic moat.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score AIG and 4,400+ other equities.
AMERICAN INTERNATIONAL GROUP, INC. exhibits a 90% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
1.8%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
100.0%
Sector: 0.0%
Operating Margin
Core business profitability
13.6%
Sector: 21.8%
Net Margin
Bottom-line profitability
10.4%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
