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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 1-8787

AIG_core_r_rgb_gif.gif

American International Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware13-2592361
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1271 Avenue of the Americas, New York, New York10020
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (212) 770-7000

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Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, Par Value $2.50 Per ShareAIGNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☑Accelerated filer ☐
Non-accelerated filer ☐Smaller reporting company ☐
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of April 24, 2026, there were 530,206,221 shares outstanding of the registrant’s common stock.

AMERICAN INTERNATIONAL GROUP, INC.

QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026

TABLE OF CONTENTS

FORM 10-Q

Item NumberDescriptionPage
Part I – Financial Information
ITEM 1Financial Statements2
Note 1.Basis of Presentation8
Note 2.Summary of Significant Accounting Policies9
Note 3.Segment Information10
Note 4.Fair Value Measurements12
Note 5.Investments20
Note 6.Lending Activities25
Note 7.Reinsurance27
Note 8.Deferred Policy Acquisition Costs29
Note 9.Variable Interest Entities29
Note 10.Derivatives and Hedge Accounting30
Note 11.Insurance Liabilities32
Note 12.Contingencies, Commitments and Guarantees34
Note 13.Equity36
Note 14.Earnings Per Common Share (EPS)38
Note 15.Income Taxes38
ITEM 2Management’s Discussion and Analysis of Financial Condition and Results of Operations40
•Cautionary Note on Forward-Looking Statements40
•Executive Summary43
•Critical Accounting Estimates44
•Consolidated Results of Operations44
•Business Segment Operations45
•Use of Non-GAAP Measures50
•Investments53
•Insurance Reserves59
•Liquidity and Capital Resources62
•Enterprise Risk Management67
•Glossary68
•Acronyms70
ITEM 3Quantitative and Qualitative Disclosures About Market Risk70
ITEM 4Controls and Procedures70
Part II – Other Information
ITEM 1Legal Proceedings71
ITEM 1ARisk Factors71
ITEM 2Unregistered Sales of Equity Securities and Use of Proceeds71
ITEM 5Other Information71
ITEM 6Exhibits72
Signatures73
AIG | First Quarter 2026 Form 10-Q1
Part I – Financial Information

Next: Item 1. Financial Statements