AIG’s Profit Beats Expectations, Boosted by Underwriting Gains

American International Group Inc. reported fourth-quarter profit that beat analysts’ expectations, driven by a boost in underwriting income and on the heels of key partnerships and acquisitions the insurer expects to boost earnings in 2026.

The firm’s adjusted earnings per share rose 51% from a year earlier to $1.96, AIG said in a statement Tuesday. That tops the $1.90 average estimate of analysts surveyed by Bloomberg.

General insurance underwriting income for the quarter rose 48% to $670 million from a year earlier.

AIG’s core operating return on equity increased to 11.7% from 9.1%. Core operating ROE for the year was ...