American International Group (AIG)
Forward P/E is 9.46x against a peer median of 9.99x, a ratio of 0.95x — inside the 0.90–1.15 fairly priced band — with trailing P/E 14.68x and PEG 1.23. Latest-quarter revenue fell 0.1% year over year (PRIMARY, EDGAR), so growth was slightly negative and does not support even a fair-band price, which moves the label one step to OVERVALUED. Delivered demand check: the Multi-line insurance & reinsurance group's median growth was 1.9% year over year — demand steady, and AIG grew more slowly than that median.
What would change this label: Move to FAIRLY PRICED if revenue growth turns positive and holds above 1.9% year over year for two quarters at the current multiple, or if the forward P/E compresses to about 8.99x or below (0.90x the peer median). Move to BUBBLE if the forward P/E rises to about 19.98x or above (2.0x the peer median) while revenue growth stays at or below 0% year over year.
AIG is a large insurer whose shares trade at about 9 times next year's expected earnings, slightly less than similar insurers at about 10 times. The catch is that its sales were essentially flat, down 0.1% in the latest quarter. Paying close to the peer price for no growth makes the shares look a little expensive.
Both lines start at 100 on 2020-09-01. Over the full window American International Group returned +173.00% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for American International Group: -26.9% (2023-01-06 to 2023-03-23). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 9.46x against a peer median of 9.99x, a ratio of 0.95x — inside the 0.90–1.15 fairly priced band — with trailing P/E 14.68x and PEG 1.23. Latest-quarter revenue fell 0.1% year over year (PRIMARY, EDGAR), so growth was slightly negative and does not support even a fair-band price, which moves the label one step to OVERVALUED. Delivered demand check: the Multi-line insurance & reinsurance group's median growth was 1.9% year over year — demand steady, and AIG grew more slowly than that median. The company’s forward P/E is 9.5× against a peer median of 10.0×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Multi-line insurance & reinsurance group's median latest-quarter revenue growth was 1.9% year over year (SEC filings) — demand steady. Latest-quarter sales growth was -0.1% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| American International Group (AIG) | $79.88 | 9.5× | 14.7× |
| L | $110.72 | — | 13.6× |
| EG | $389.94 | 7.2× | 8.3× |
| AIZ | $285.78 | 12.8× | 13.7× |
| Peer median | 10.0× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow by quarter is not shown for American International Group. Its SEC cash-flow facts do not separately tag spending on plant and equipment (normal for a bank), so a quarterly free-cash-flow figure cannot be built without estimating — and this programme does not estimate.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $7.1B | — | $948M | 1.78 | — |
| Q/E Mar 2026 2026-03-31 | $6.7B | — | $763M | 1.41 | — |
| Q/E Dec 2025 2025-12-31 | $6.5B | — | $735M | — | — |
| Q/E Sep 2025 2025-09-30 | $6.4B | — | $519M | 0.93 | — |
| Q/E Jun 2025 2025-06-30 | $7.1B | — | $1.1B | 1.98 | — |
| Q/E Mar 2025 2025-03-31 | $6.8B | — | $698M | 1.16 | — |
| Q/E Dec 2024 2024-12-31 | $7.2B | — | $898M | — | — |
| Q/E Sep 2024 2024-09-30 | $6.8B | — | $459M | 0.71 | — |
| Q/E Jun 2024 2024-06-30 | $6.6B | — | $-4.0B | -5.96 | — |
| Q/E Mar 2024 2024-03-31 | $12.6B | — | $1.2B | 1.74 | — |
| Q/E Dec 2023 2023-12-31 | $6.5B | — | $93M | — | — |
| Q/E Sep 2023 2023-09-30 | $12.8B | — | $2.0B | 2.81 | — |
The last twelve reported quarters. Full 24-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | AMERICAN INTERNATIONAL GROUP, INC. |
| Chief executive | Eric Andersen (source: https://www.insurancebusinessmag.com/us/news/breaking-news/aig-completes-planned-ceo-transition-573286.aspx) |
| Sector | Financials — Multi-line Insurance — sells property, casualty and other insurance across many different lines |
| Share price (Oct 28, 2026) | $79.88 |
| Market value (market cap) | $41.6B — share price times shares outstanding of 522,893,169 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $26.6B |
| Net income, last twelve months | $3.0B |
| Free cash flow, last twelve months | — |
| Latest reported quarter | Q/E Jun 2026 (of 24 quarters in the data pack) |
| Six-year price return vs S&P 500 | +173.00% vs +118.28% |
| Worst peak-to-trough fall | -26.9% (2023-01-06 to 2023-03-23) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Free cash flow is absent for one or more quarters: either the filer does not separately tag PP&E purchases in its EDGAR cash-flow facts (common for banks), or — for a successor registrant's newest quarter — the cash-flow lines are year-to-date without the prior-quarter rung needed to difference them. Affected quarters are null in the data, never estimated.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000005272.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000005272.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/AIG/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.