American International Group, I (AIG) Stock Price & How to Invest

American International Group, Inc. (AIG) is a leading global insurance organization that helps businesses and individuals protect assets and manage risk across more than 200 countries and jurisdictions. Its core is general insurance: property, casualty, financial lines, and specialty coverage for mid-sized companies and large multinationals, plus personal lines. The business model is the classic insurance one: collect premiums, manage the underlying risk through disciplined underwriting and reinsurance, and invest the float in fixed income and other securities. Profit comes from two engines, an underwriting result (premiums earned minus claims and expenses) and investment income on the portfolio.

The defining recent event is the completion of AIG's five-year separation from its life and retirement business. In 2026 AIG sold its remaining stake in Corebridge Financial, ending its exposure to interest-rate-sensitive life reserves and annuity liabilities and leaving a cleaner, capital-light property and casualty franchise. Management, led by CEO Peter Zaffino, has framed this as the culmination of a strategy to become a focused general insurer.

Early 2026 results reflected that focus. General insurance net premiums written grew at a double-digit pace, the combined ratio stayed comfortably below 90% (meaning underwriting was profitable), and adjusted per-share earnings rose sharply. AIG raised its dividend and kept buying back stock, signaling confidence in its capital position. The trade-off is that a leaner insurer is more exposed to the property and casualty pricing cycle and to catastrophe losses, with less diversification now that life and retirement is gone.

The central risk is that AIG is now a more concentrated property and casualty insurer, so a softening commercial pricing cycle can compress underwriting margins just as competition intensifies. Catastrophe losses from hurricanes, wildfires, and other events are inherently lumpy and can turn a profitable quarter into a loss, and climate-driven severity trends add uncertainty. Reserve adequacy is a perennial risk for long-tail casualty lines, where claims can develop years after policies are written and force reserve strengthening. Investment income depends on interest rates and credit markets, so a rate decline or credit stress in the bond portfolio would weigh on earnings. Finally, losing the Corebridge diversification means results are more exposed to a single cycle, and heavy capital returns leave less cushion if a bad catastrophe year coincides with weaker pricing.

20 analysts publish price targets on AIG, averaging $88.55 against a $78.58 price as of August 2026, or +12.7%. The published targets run from $80.00 to $102.00, a narrow spread, and the ratings split 8 buy, 14 hold, 0 sell. Over the last six months there have been 8 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full AIG forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on American International Group, I. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Pure-play P&C focus after Corebridge. With the full 2026 exit from Corebridge, AIG is now a focused property and casualty insurer without the interest-rate-sensitive life and annuity liabilities that once complicated its results. The most optimistic published target, $102.00, assumes this works close to its best case.

The case against. The central risk is that AIG is now a more concentrated property and casualty insurer, so a softening commercial pricing cycle can compress underwriting margins just as competition intensifies. The most pessimistic target, $80.00, is roughly what AIG is worth if this bites instead.

Read the full bull and bear case on AIG, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see American International Group, I's investor relations page or your broker.

• Net premiums written (general insurance): Growing at a double-digit pace in early 2026, aided by new business and rate; management has guided to low-to-mid-teens growth for the year
• Combined ratio: Comfortably below 90% in Q1 2026, meaning underwriting was profitable before investment income; a ratio under 100% is the key marker
• Adjusted EPS: Rose sharply year over year in Q1 2026 (roughly +80%), helped by lower catastrophes and the leaner post-Corebridge structure
• Book value and capital: Streamlined after the Corebridge exit; watch book value per share and adjusted return on equity as the cleanest measures of value creation
• Dividend: Raised roughly 11% in 2026 to about $0.50 per share quarterly; yield is modest but growing, backed by capital returns
• Buybacks: Ongoing share repurchases funded partly by Corebridge sale proceeds; total capital returned to shareholders was several hundred million dollars in Q1 2026

These figures are approximate, tied to the as-of date, and framed qualitatively; verify live numbers before acting. Insurers are best judged on combined ratio, book value growth, and return on equity rather than a simple P/E, because reported earnings swing with catastrophe timing and reserve movements. A low combined ratio and rising book value per share matter more than any single quarter's headline profit, and a benign catastrophe quarter can flatter results that a heavy storm season would reverse.

If you want AIG exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to AIG: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get AIG exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (PFF), which spreads the position across many companies. Or build it into a focused thematic portfolio, so AIG sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where AIG fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

AIG is now a streamlined, pure-play property and casualty insurer with improving underwriting margins, a rising dividend, and steady buybacks after shedding its life and retirement arm. The question is whether disciplined underwriting and capital returns can continue through a softer pricing cycle and heavy catastrophe years.

Whether AIG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is AIG a buy or a sell?, and where the stock could go from here in the AIG stock forecast.

For income investors, whether AIG pays a dividend and how the payout looks is covered in does AIG pay a dividend? And to weigh AIG against a peer, read the full side-by-side comparisons: AIG vs CB and AIG vs WRB.