Analyst Consensus ?
ConsensusHold41 ratings
Bullish1536.6%
Neutral2561.0%
Bearish12.4%
American International Group, Inc. · AIG · FY2026 Q3 · Calendar Q4 2026
AIG reports Q3 premium growth and disciplined underwriting, with pricing and expense goals still in focus
AIG's Q3 analysis points to continued earnings support from premium growth and disciplined underwriting. Whether that can translate into stronger returns depends on managing loss-cost and pricing pressure while delivering the expense-ratio target.
Reported After market closeNYSEFinancial Services
$42.70B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.80
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $7.42B
Revenue surprise
—
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
+1.5%
Event window
SPY move
+1.7%
Same window
Abnormal move
-0.2%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
AIGSPY benchmark
Ask FN2 about AIG FY2026 Q3
Transcript, numbers and history already loaded
What drove AIG's +1.5% move after FY2026 Q3 earnings?What changed in AIG's guidance and outlook in FY2026 Q3?Give me the bull and bear case for AIG after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Q3 analysis reports adjusted EPS of $2.60, an 8% quarter-over-quarter premium increase, and an 88.4% accident-year ex-cat combined ratio. It also describes continued AI integration and Latin American acquisitions, including Colombia closed and Chile pending.
Guidance delta
Guidance sentiment is characterized as maintained. The analysis cites a below-30% expense-ratio target by 2027, but notes no formal premium-growth guide for Q4 or 2027.
Key takeaways
- Q3 analysis reports $2.60 adjusted EPS and $1.1 billion adjusted pretax income.
- Premiums increased 8% quarter over quarter; the accident-year ex-cat combined ratio was 88.4%.
- AIG returned $787 million to shareholders in Q3 and $2.5 billion year to date through buybacks and dividends.
- Management emphasized selective growth in specialty lines, high-net-worth and accident-and-health business, and international markets.
Management priorities
- Integrate AI across underwriting and claims, including Claims Assist.
- Pursue selective growth in specialty construction, marine, accident and health, and international markets.
- Complete the pending Everest Chile acquisition and leverage the Colombia acquisition.
- Work toward the below-30% expense-ratio target by 2027 and continue capital returns.
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Estimate
Beat
Miss
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Analyst 52W Price Targets
$81.71Current
$50Low
$83.15Average
$98High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 12, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Oct 12, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Oct 7, 2026 |
| UBS | Buy | Buy | Maintain | Oct 6, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 6, 2026 |
| Argus Research | Buy | Buy | Maintain | Sep 2, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 17, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 10, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 10, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 7, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 20, 2026 |
| HSBC | Buy | Buy | Maintain | Jul 6, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 4, 2026 |
| TD Cowen | Hold | Hold | Maintain | Dec 16, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 20, 2025 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 1, 2025 |
| Jefferies | Buy | Buy | Maintain | Apr 11, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Mar 13, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Oct 10, 2024 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Feb 22, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Sep 12, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Feb 10, 2022 |
| Deutsche Bank | Hold | Hold | Maintain | May 13, 2021 |
| CFRA | Buy | Hold | Upgrade | Aug 4, 2020 |
| William Blair | Market Perform | Outperform | Downgrade | May 6, 2020 |
| Autonomous Research | Outperform | Market Perform | Upgrade | Jan 8, 2020 |
| Compass Point | Buy | Buy | Maintain | May 7, 2019 |
| Argus | Hold | Buy | Downgrade | Feb 15, 2019 |
| Buckingham Research | Neutral | Underperform | Upgrade | Apr 27, 2018 |
| Buckingham | Neutral | Underperform | Upgrade | Apr 27, 2018 |
| Bank of America | Buy | Neutral | Upgrade | Feb 9, 2018 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Aug 4, 2016 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Mar 30, 2016 |
| Janney Capital | Buy | Neutral | Upgrade | Mar 30, 2016 |
| FBR Capital | Market Perform | Market Perform | Maintain | Feb 26, 2016 |
| Standpoint Research | Buy | Hold | Upgrade | Jan 19, 2016 |
| Avondale Partners | Underperform | Market Perform | Downgrade | Nov 4, 2015 |
| PiperJaffray | Overweight | Overweight | Maintain | Nov 3, 2015 |
| Sterne Agee | Neutral | Neutral | Maintain | Oct 13, 2014 |
| Nomura | Neutral | Neutral | Maintain | Aug 5, 2014 |
| Evercore Partners | Equal Weight | Overweight | Downgrade | Mar 1, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $81.71. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $83 | $77.04 | +1.6% | Oct 12, 2026 |
| Morgan Stanley | Bob Huang | $80 | $75.97 | -2.1% | Oct 6, 2026 |
| Wells Fargo | Elyse Greenspan | $85 | $78.78 | +4.0% | Aug 10, 2026 |
| Piper Sandler | Paul Newsome | $80 | $79 | -2.1% | Jul 15, 2026 |
| Mizuho Securities | Analyst unavailable | $89 | $79.62 | +8.9% | Jul 9, 2026 |
| Cantor Fitzgerald | Ryan Tunis | $92 | $79.62 | +12.6% | Jul 9, 2026 |
| UBS | Analyst unavailable | $98 | $80.47 | +19.9% | Jul 8, 2026 |
| HSBC | Analyst unavailable | $88 | $79.39 | +7.7% | Jul 6, 2026 |
| Barclays | Alex Scott | $80 | $74.8 | -2.1% | May 1, 2026 |
| Morgan Stanley | Bob Huang | $83 | $76.84 | +1.6% | Mar 16, 2026 |
| UBS | Analyst unavailable | $92 | $79.07 | +12.6% | Feb 17, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $81 | $78.76 | -0.9% | Feb 17, 2026 |
| Mizuho Securities | Yaron Kinar | $86 | $78.27 | +5.3% | Feb 17, 2026 |
| Mizuho Securities | Analyst unavailable | $83 | $72.29 | +1.6% | Jan 14, 2026 |
| Cantor Fitzgerald | Ryan Tunis | $77 | $72.29 | -5.8% | Jan 14, 2026 |
| Barclays | Analyst unavailable | $81 | $77.07 | -0.9% | Jan 8, 2026 |
| Goldman Sachs | Robert Cox | $83 | $77.07 | +1.6% | Jan 7, 2026 |
| Piper Sandler | Analyst unavailable | $95 | $86.03 | +16.3% | Dec 22, 2025 |
| Mizuho Securities | Yaron Kinar | $84 | $86.3 | +2.8% | Dec 15, 2025 |
| Barclays | Analyst unavailable | $88 | $77.28 | +7.7% | Dec 5, 2025 |
| RBC Capital | Rowland Mayor | $85 | $75.11 | +4.0% | Nov 24, 2025 |
| Goldman Sachs | Analyst unavailable | $84 | $75.18 | +2.8% | Nov 20, 2025 |
| Barclays | Analyst unavailable | $95 | $80.71 | +16.3% | Nov 5, 2025 |
| UBS | Brian Meredith | $94 | $84.05 | +15.0% | Oct 8, 2025 |
| Morgan Stanley | Bob Huang | $84 | $83.4 | +2.8% | Oct 7, 2025 |
| Piper Sandler | Analyst unavailable | $88 | $79.64 | +7.7% | Oct 2, 2025 |
| Cantor Fitzgerald | Ryan Tunis | $84 | $78.48 | +2.8% | Aug 12, 2025 |
| Wells Fargo | Elyse Greenspan | $82 | $83.05 | +0.4% | May 6, 2025 |
| Barclays | Alex Scott | $98 | $87.72 | +19.9% | Apr 2, 2025 |
| HSBC | Analyst unavailable | $93 | $81.31 | +13.8% | Mar 5, 2025 |
| CFRA | Catherine Seifert | $87 | $75.39 | +6.5% | Nov 5, 2024 |
| Jefferies | Yaron Kinar | $88 | $74.63 | +7.7% | Oct 9, 2024 |
| HSBC | Vikram Gandhi | $82 | $73.8 | +0.4% | Sep 24, 2024 |
| Barclays | Alex Scott | $90 | $76.69 | +10.1% | Sep 4, 2024 |
| Bank of America Securities | Joshua Shanker | $82 | $79.23 | +0.4% | Aug 1, 2024 |
| Jefferies | Yaron Kinar | $90 | $74.57 | +10.1% | Jul 8, 2024 |
| Evercore ISI | David Motemaden | $78 | $74.49 | -4.5% | Jun 26, 2024 |
| Morgan Stanley | Bob Huang | $82 | $78.74 | +0.4% | May 16, 2024 |
| CFRA | Catherine Seifert | $90 | $78.74 | +10.1% | May 16, 2024 |
| HSBC | Vikram Gandhi | $86 | $79.44 | +5.3% | May 15, 2024 |
| BMO Capital | Michael Zaremski | $89 | $79.43 | +8.9% | May 13, 2024 |
| Piper Sandler | Paul Newsome | $89 | $72.99 | +8.9% | Apr 19, 2024 |
| BMO Capital | Michael Zaremski | $91 | $77.92 | +11.4% | Apr 8, 2024 |
| RBC Capital | Mark Dwelle | $87 | $76.62 | +6.5% | Apr 5, 2024 |
| BMO Capital | Michael Zaremski | $83 | $66.46 | +1.6% | Dec 19, 2023 |
| Bank of America Securities | Joshua Shanker | $63 | $56.55 | -22.9% | Oct 7, 2021 |
| J.P. Morgan | Jimmy Bhullar | $55 | $47.44 | -32.7% | Jul 1, 2021 |
| Credit Suisse | Andrew Kligerman | $50 | $49.21 | -38.8% | May 11, 2021 |
| Piper Sandler | Paul Newsome | $52 | $46.07 | -36.4% | Apr 12, 2021 |
Track every rating change on AIG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAmerican International Group, Inc. (AIG) is a global insurance provider, delivering a broad spectrum of insurance solutions to commercial, institutional, and individual clients across North America and worldwide. Its General Insurance division encompasses a wide range of coverages, including general liability, environmental protection, commercial auto liability, workers' compensation, casualty, and crisis management. This segment also covers property risks for commercial, industrial, and energy sectors, with further specialized offerings such as aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance policies. Additionally, AIG supplies professional liability coverage for various business operations and potential hazards, such as directors and officers (D&O), mergers and acquisitions (M&A), fidelity bonds, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions (E&O) insurance.…
Historical context
All AIG earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| UNMA Unum Group 6.250% JR NT58 | FY2026 Q3 · Calendar Q4 2026 | +1.9% | +0.5% | Unum maintains 2026 EPS outlook as disability claims weigh on Q3 |
| UNM Unum Group | FY2026 Q3 · Calendar Q4 2026 | +1.9% | -17.8% | Unum’s premium growth faces a sharper disability-claims test |
| PFH Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 | FY2026 Q3 · Calendar Q4 2026 | — | +2.9% | Prudential Holds Guidance as Japan Suspension Offsets PGIM Strength |
| AFG American Financial Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.5% | +1.0% | AFG sets quarterly earnings records, while underwriting risks persist |
| PRU Prudential Financial, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +6.4% | Prudential’s Q3: Capital rotation advances as Japan remains a drag |
| CRCL Circle Internet Group | FY2026 Q3 · Calendar Q4 2026 | — | +2.3% | Circle’s Q3 growth highlights USDC scale, while monetization remains key |
Latest beats and misses
Who reports nextBeat on EPS
- UNMAFY2026 Q3 · November 3, 2026+1.9% EPS+0.5% move
- UNMFY2026 Q3 · November 3, 2026+1.9% EPS-17.8% move
- IFFFY2026 Q3 · November 3, 2026+2.1% EPS-4.9% move
- JKHYFY2027 Q1 · November 3, 2026+10.1% EPS+10.8% move
- HL-PBFY2026 Q3 · November 3, 2026+54.0% EPS— move
- SUFY2026 Q3 · November 3, 2026+20.9% EPS-4.5% move
Missed on EPS
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
Get the AIG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-11-04T17:06:31.506689+00:00
- FN2 earnings calendar · 2026-10-02T01:23:12.402275+00:00
- Polygon adjusted daily market bars · 2026-11-05T00:00:45.644865+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-05T00:00:45.642096+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-05. For educational purposes only; not investment advice.