Latest Ratios: P/E Ratio 14.9x · EV/EBITDA 7.0x · ROE 7.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $43.5B | $48.8B | $47.9B | $49.1B | $49.8B | $49.2B | $32.9B | $45.7B | $35.9B | $55.4B | $71.3B |
| Enterprise Value | $51.4B | $56.7B | $55.5B | $58.5B | $75.0B | $77.1B | $67.6B | $78.2B | $67.5B | $84.7B | $100.3B |
| P/E Ratio → | 14.93 | 15.76 | 21.73 | 13.60 | 4.89 | 4.76 | — | 13.72 | — | — | — |
| P/S Ratio | 1.62 | 1.82 | 1.75 | 1.76 | 1.66 | 0.95 | 0.75 | 0.92 | 0.76 | 1.11 | 1.35 |
| P/B Ratio | 1.12 | 1.19 | 1.12 | 0.96 | 1.15 | 0.71 | 0.49 | 0.68 | 0.63 | 0.84 | 0.93 |
| P/FCF | 13.12 | 14.72 | 14.62 | 7.87 | 12.05 | 7.90 | 31.71 | — | — | — | 20.35 |
| P/OCF | 13.12 | 14.72 | 14.62 | 7.87 | 12.05 | 7.90 | 31.71 | — | — | — | 20.35 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.12 | 2.03 | 2.09 | 2.50 | 1.48 | 1.54 | 1.57 | 1.42 | 1.70 | 1.90 |
| EV / EBITDA | 7.01 | 7.73 | 7.43 | 8.72 | 9.83 | 4.31 | — | 7.59 | 12.02 | 15.87 | 24.98 |
| EV / EBIT | 13.25 | 13.26 | 12.80 | 17.28 | 17.13 | 5.26 | — | 14.78 | 262.78 | 57.79 | — |
| EV / FCF | — | 17.11 | 16.95 | 9.36 | 18.13 | 12.40 | 65.14 | — | — | — | 28.64 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.5% | 34.5% | 34.0% | 15.6% | 24.2% | 38.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 14.5% | 14.5% | 14.2% | 10.2% | 12.6% | 25.7% | -16.6% | 10.6% | 0.5% | 2.9% | -0.1% |
| Net Profit Margin | 11.6% | 11.6% | -5.1% | 13.0% | 34.1% | 19.9% | -13.6% | 6.7% | -0.0% | -12.2% | -1.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.4% | 7.4% | -3.0% | 7.7% | 18.2% | 15.2% | -8.8% | 5.4% | -0.0% | -8.5% | -1.0% |
| ROA | 1.9% | 1.9% | -0.4% | 0.7% | 1.8% | 1.8% | -1.1% | 0.7% | -0.0% | -1.2% | -0.2% |
| ROIC | 5.9% | 5.9% | 5.2% | 3.3% | 3.4% | 10.1% | -5.4% | 4.2% | 0.2% | 1.1% | -0.0% |
| ROCE | 6.5% | 6.5% | 1.6% | 0.7% | 0.8% | 2.7% | -1.3% | 1.0% | 0.1% | 0.3% | -0.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.21 | 0.21 | 0.63 | 0.44 | 0.56 | 0.52 | 0.60 | 0.48 | 0.40 |
| Debt / EBITDA | 1.25 | 1.25 | 1.20 | 1.62 | 3.56 | 1.69 | — | 3.43 | 6.15 | 5.93 | 7.70 |
| Net Debt / Equity | — | 0.19 | 0.18 | 0.18 | 0.58 | 0.41 | 0.52 | 0.48 | 0.55 | 0.45 | 0.38 |
| Net Debt / EBITDA | 1.08 | 1.08 | 1.02 | 1.39 | 3.30 | 1.56 | — | 3.16 | 5.64 | 5.48 | 7.23 |
| Debt / FCF | — | 2.39 | 2.33 | 1.49 | 6.08 | 4.49 | 33.44 | — | — | — | 8.29 |
| Interest Coverage | 10.80 | 10.80 | 9.38 | 6.56 | 7.26 | 11.23 | -5.01 | 3.73 | 0.20 | 1.26 | -0.06 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.85 | 0.85 | 1.28 | 1.26 | 3.27 | 3.88 | — | — | — | — | — |
| Quick Ratio | 0.85 | 0.85 | 1.28 | 1.26 | 3.27 | 3.88 | — | — | — | — | — |
| Cash Ratio | 0.37 | 0.37 | 0.79 | 0.78 | 2.41 | 2.98 | — | — | — | — | — |
| Asset Turnover | — | 0.17 | 0.17 | 0.05 | 0.06 | 0.09 | 0.07 | 0.09 | 0.10 | 0.10 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.1% | 2.0% | 2.1% | 2.0% | 2.0% | 2.2% | 3.4% | 2.4% | 3.2% | 2.1% | 1.9% |
| Payout Ratio | 31.5% | 31.5% | — | 27.4% | 9.6% | 10.4% | — | 33.3% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 6.3% | 4.6% | 7.4% | 20.5% | 21.0% | — | 7.3% | — | — | — |
| FCF Yield | 7.6% | 6.8% | 6.8% | 12.7% | 8.3% | 12.7% | 3.2% | — | — | — | 4.9% |
| Buyback Yield | 13.4% | 12.0% | 14.9% | 6.0% | 10.4% | 5.3% | 1.5% | 0.0% | 4.8% | 11.3% | 16.1% |
| Total Shareholder Yield | 15.5% | 14.0% | 17.0% | 8.1% | 12.4% | 7.5% | 4.9% | 2.4% | 8.0% | 13.4% | 18.0% |
| Shares Outstanding | — | $570M | $657M | $725M | $788M | $865M | $869M | $890M | $910M | $931M | $1.1B |
Long-tail casualty reserve volatility
Based on reported figures, AIG trades at a P/B of 1.05, which appears to reflect a persistent complexity discount relative to peers like Chubb and Travelers, suggesting that investors remain cautious regarding the finality of the Corebridge deconsolidation and the legacy volatility of the casualty book.
The current valuation multiple implies that the market is not yet fully pricing in the potential for sustained underwriting margin expansion as a pure-play P&C entity. Investors should monitor whether the discount narrows as the company completes its strategic transition and demonstrates consistent, non-volatile ROE generation.
According to recent quarterly filings, AIG has demonstrated improved underwriting efficiency, with the combined ratio reaching a notable 78.1% in 2025Q2, suggesting that recent management initiatives to lower the loss ratio are successfully offsetting the inherent volatility of the firm's complex global commercial insurance book.
The trajectory of the combined ratio indicates a successful pivot toward technical underwriting discipline, though the sustainability of these gains remains subject to the impact of social inflation on long-tail lines. The variance between the 78.1% low and the 90.6% high observed over the last ten quarters highlights the sensitivity of the underwriting margin to periodic loss events.
As reported in financial statements, AIG has maintained a stable D/E ratio near 0.22 as of 2026Q1, suggesting that management has successfully preserved capital buffers despite the significant organizational restructuring and ongoing share repurchase programs executed throughout the deconsolidation process of the life and retirement business.
The current leverage profile appears adequate for an insurer of this scale, providing sufficient capacity to absorb potential volatility in the P&C book. However, the reliance on balance sheet liquidity to fund capital returns warrants further investigation into the long-term sustainability of these distributions if underwriting cash flows remain inconsistent.
As indicated by industry-wide analysis, the P/E ratio is frequently misapplied to AIG, as it obscures the volatility inherent in reserve development and the impact of unrealized investment gains, which can artificially inflate or deflate earnings in any given quarter, according to standard insurance accounting practices.
Investors should prioritize the combined ratio and P/B as more reliable indicators of franchise health and capital backing. Relying on P/E may lead to erroneous conclusions about the company's profitability, as it fails to account for the long-term nature of insurance liabilities and the cyclicality of investment income on float.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying AIG stock.
American International Group, Inc.'s current P/E ratio is 14.9x. The historical average is 17.4x. This places it at the 38th percentile of its historical range.
American International Group, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
American International Group, Inc.'s return on equity (ROE) is 7.4%. The historical average is 3.6%.
Based on historical data, American International Group, Inc. is trading at a P/E of 14.9x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
American International Group, Inc.'s current dividend yield is 2.11% with a payout ratio of 31.5%.
American International Group, Inc. has 34.5% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
American International Group, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.