American International Group, Inc. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $26.8B |
| Gross margin | — not reported |
| Operating income | — not reported |
| Net income | $3.1B |
| Diluted EPS | $5.43 |
| Cash & equivalents | — not reported |
| Total assets | $161.3B |
| Long-term debt | $9.2B |
Key takeaway
AIG generated $2.3 billion of underwriting income in 2025, up 22% from the prior year, with a combined ratio of 90.1.
🔒 4 more takeaways in the full analysis
Beneath the surface
Despite reporting $3.096 billion net income, the filing shows a $1.202 billion net realized loss in 2025 (worsening from $548 million in 2024), driven by real estate fund impairments and derivative/hedge losses, masking underlying investment weakness.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for AIG.
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