AIGAMERICAN INTERNATIONAL GROUP, INC.
Fire, Marine & Casualty Insurance
- Revenue
- $26.8B
- 1.7% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $43.0B
- Employees
- 22,000
- $1M revenue each
- Net debt / EBITDA
- —
- $20.9B net debt
- AI in 10-K
- 2.7
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo107% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes206% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentYes77% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$1M · 40th pctBottom quartile of its SIC industry
- Quiet on AINo2.7 per 10K words · 66th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$43.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$1.8B netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $52.2B | $30.0B | $27.9B | $27.3B | $26.8B | 1.7% |
| Net income | $10.4B | $10.2B | $3.6B | −$1.4B | $3.1B | 321% |
| Operating cash flow | $6.2B | $4.1B | $6.2B | $3.3B | $3.3B | 1.3% |
| Capex | $343M | $210M | $240M | — | — | |
| Stock-based comp | $278M | $288M | $199M | $211M | $207M | 1.9% |
| Buybacks | $2.6B | $5.2B | $3.0B | $6.7B | $5.8B | 12% |
| Dividends | $1.1B | $982M | $997M | $1.0B | $976M | 2.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2K · 2
- Open-market sells, 12 mo
- $1.8B · 5
- Net
- −$1.8B
Pay vs performance
No pay-versus-performance disclosure yet.