AIG — what changed in the latest 10-Q
A section-by-section comparison of AIG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-01
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +113 | −54 | ~78 | 241 |
| Market risk (Item 3) | Text added/removed | +4 | −5 | ~6 | 7 |
| Controls & procedures | Text added/removed | +4 | −5 | ~6 | 6 |
| Legal proceedings | Text added/removed | +4 | −5 | ~4 | 6 |
| Risk factors | Some risk factors updated | +4 | −5 | ~4 | 5 |
| Other information | Text added/removed | +4 | −5 | ~1 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
Amortization of deferred policy acquisition costs900 847 6 1,724 1,672 3
Less: Net income attributable to noncontrolling interests— — NM— — NM
•lower Net investment income of $339 million primarily due to changes in the fair value of AIG's investments in Corebridge and Equity securities of $295 million and lower income on Alternative investments and Mortgage loans of $53 million, partially offset by higher income from available for sale fi…
•higher underwriting income primarily driven by higher net favorable prior year reserve development of $33 million. For additional information, see Business Segment Operations – General Insurance.
Net income (loss) attributable to AIG common shareholders decreased $131 million primarily driven by:
Text removed vs the prior filing · source: 10-Q · 2026-05-01
Investment Highlights in the Three Months Ended March 31, 2026
For information regarding the critical accounting estimates that affect our results of operations, see Critical Accounting Estimates in this MD&A and Part II, Item 7. MD&A – Critical Accounting Estimates in the 2025 Annual Report.
Less: Net income attributable to noncontrolling interests— — NM
Net income attributable to AIG common shareholders$763 $698 9 %
•higher underwriting income primarily driven by lower catastrophe losses of $345 million and higher net favorable prior year reserve development of $68 million. For additional information, see Business Segment Operations – General Insurance; and
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-07
Our officers and directors (as defined in Rule 16a-1 under the Exchange Act) may enter into plans for the purchase or sale of our Common Stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Other than as described below, during the three mon…
•Peter Zaffino, our Executive Chairman, entered into a new trading plan on May 9, 2026. The plan’s maximum duration is until January 10, 2027, and the first trade may not occur prior to August 12, 2026. The trading plan is intended to permit Mr. Zaffino to sell up to 236,829 shares of AIG common sto…
The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with AIG’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangement will be disclosed publicly in future Section 16 filings with the SEC.
•This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Text removed vs the prior filing · source: 10-Q · 2026-05-01
(1) Letter Agreement, dated December 20, 2023, between AIG and Rose Marie Glazer*
(2) Letter Agreement including Non-Solicitation and Non-Disclosure Agreement, dated January 1, 2026, between AIG and Eric Andersen*
(3) Amendment to Employment Agreement, effective January 3, 2026, between AIG and Peter Zaffino*
*This exhibit is a management contract or a compensatory plan or arrangement.
** This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-07
Our officers and directors (as defined in Rule 16a-1 under the Exchange Act) may enter into plans for the purchase or sale of our Common Stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Other than as described below, during the three mon…
•Peter Zaffino, our Executive Chairman, entered into a new trading plan on May 9, 2026. The plan’s maximum duration is until January 10, 2027, and the first trade may not occur prior to August 12, 2026. The trading plan is intended to permit Mr. Zaffino to sell up to 236,829 shares of AIG common sto…
The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with AIG’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangement will be disclosed publicly in future Section 16 filings with the SEC.
•This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Text removed vs the prior filing · source: 10-Q · 2026-05-01
(1) Letter Agreement, dated December 20, 2023, between AIG and Rose Marie Glazer*
(2) Letter Agreement including Non-Solicitation and Non-Disclosure Agreement, dated January 1, 2026, between AIG and Eric Andersen*
(3) Amendment to Employment Agreement, effective January 3, 2026, between AIG and Peter Zaffino*
*This exhibit is a management contract or a compensatory plan or arrangement.
** This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-07
Our officers and directors (as defined in Rule 16a-1 under the Exchange Act) may enter into plans for the purchase or sale of our Common Stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Other than as described below, during the three mon…
•Peter Zaffino, our Executive Chairman, entered into a new trading plan on May 9, 2026. The plan’s maximum duration is until January 10, 2027, and the first trade may not occur prior to August 12, 2026. The trading plan is intended to permit Mr. Zaffino to sell up to 236,829 shares of AIG common sto…
The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with AIG’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangement will be disclosed publicly in future Section 16 filings with the SEC.
•This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Text removed vs the prior filing · source: 10-Q · 2026-05-01
(1) Letter Agreement, dated December 20, 2023, between AIG and Rose Marie Glazer*
(2) Letter Agreement including Non-Solicitation and Non-Disclosure Agreement, dated January 1, 2026, between AIG and Eric Andersen*
(3) Amendment to Employment Agreement, effective January 3, 2026, between AIG and Peter Zaffino*
*This exhibit is a management contract or a compensatory plan or arrangement.
** This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-07
Our officers and directors (as defined in Rule 16a-1 under the Exchange Act) may enter into plans for the purchase or sale of our Common Stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Other than as described below, during the three mon…
•Peter Zaffino, our Executive Chairman, entered into a new trading plan on May 9, 2026. The plan’s maximum duration is until January 10, 2027, and the first trade may not occur prior to August 12, 2026. The trading plan is intended to permit Mr. Zaffino to sell up to 236,829 shares of AIG common sto…
The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with AIG’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangement will be disclosed publicly in future Section 16 filings with the SEC.
•This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Text removed vs the prior filing · source: 10-Q · 2026-05-01
(1) Letter Agreement, dated December 20, 2023, between AIG and Rose Marie Glazer*
(2) Letter Agreement including Non-Solicitation and Non-Disclosure Agreement, dated January 1, 2026, between AIG and Eric Andersen*
(3) Amendment to Employment Agreement, effective January 3, 2026, between AIG and Peter Zaffino*
*This exhibit is a management contract or a compensatory plan or arrangement.
** This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-07
Our officers and directors (as defined in Rule 16a-1 under the Exchange Act) may enter into plans for the purchase or sale of our Common Stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Other than as described below, during the three mon…
•Peter Zaffino, our Executive Chairman, entered into a new trading plan on May 9, 2026. The plan’s maximum duration is until January 10, 2027, and the first trade may not occur prior to August 12, 2026. The trading plan is intended to permit Mr. Zaffino to sell up to 236,829 shares of AIG common sto…
The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with AIG’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangement will be disclosed publicly in future Section 16 filings with the SEC.
•This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
Text removed vs the prior filing · source: 10-Q · 2026-05-01
(1) Letter Agreement, dated December 20, 2023, between AIG and Rose Marie Glazer*
(2) Letter Agreement including Non-Solicitation and Non-Disclosure Agreement, dated January 1, 2026, between AIG and Eric Andersen*
(3) Amendment to Employment Agreement, effective January 3, 2026, between AIG and Peter Zaffino*
*This exhibit is a management contract or a compensatory plan or arrangement.
** This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice