
AIG reported Q4 2025 Adjusted after-tax income per diluted share of $1.96, up 51% year-over-year. General Insurance underwriting income increased 48% to $670M, with a combined ratio of 88.8%.
Bullish
AIG achieved a 51% increase in Q4 Adjusted after-tax income per diluted share and a 48% rise in General Insurance underwriting income. AIG also returned $809M to shareholders and formed strategic partnerships.
Bearish
AIG's fourth quarter net investment income decreased 34% due to lower gains, and net income per diluted share declined to $1.35. Global Personal net premiums written also fell 12%, with its full year combined ratio increasing.