AIG's first quarter 2026 adjusted EPS surged 80% as underwriting income more than tripled.

AIG reported first quarter 2026 results with GAAP EPS of $1.41 and adjusted EPS of $2.11. In the General Insurance segment, net premiums written increased 24% year-over-year to $5.6 billion, while underwriting income saw significant growth.

Key Highlights

• Signaling strong underwriting performance, General Insurance underwriting income surged 219% to $774 million, a more than threefold increase from the prior year.
• This was driven by a significant improvement in the General Insurance combined ratio, which fell 850 basis points year-over-year to 87.3%, aided by lower catastrophe-related charges.
• In a sign of confidence, the company raised its quarterly dividend by 11% to $0.50 per share, complementing the $519 million in share repurchases during the quarter.