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American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. 10-K, Item 1
7 paragraphs in Risk Factors of the 10-K filed Feb 12, 2026 with nothing like them in the 10-K filed Feb 13, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 75 Financials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
•Our development and use of new technology, such as generative artificial intelligence, may present risks.
Similar paragraph at 1 of 75 other Financials companies: PGRRead in the 10-K ↗
Our development and use of new technology, such as generative artificial intelligence, may present risks.
Similar paragraph at 1 of 75 other Financials companies: PGRWe use artificial intelligence (AI) in our business, including applying generative AI to certain aspects of the underwriting and claims processes in certain lines of business, which may raise technological, security, legal, regulatory and other risks and challenges that may adversely affect our operations, business or reputation. Such risks include the misuse, inadvertent or otherwise, of personal data or other sensitive, confidential or proprietary information, flaws in our or third-party models or training datasets resulting in biased, inaccurate or unanticipated outcomes, ethical considerations regarding the use and deployment of AI technologies, potential infringement of third-party intellectual property rights or the dilution of our intellectual property, and challenges implementing appropriate governance controls to ensure the ongoing, safe deployment of AI systems. The market-wide development of AI tools is growing rapidly and we face competitive risks if our deployment of AI technologies is unable to keep pace with that of our competitors, or we fail to anticipate trends in the use of AI tools.
Similar paragraph at 1 of 75 other Financials companies: WRBAI technologies may be misused, and that risk is increased by the relative newness of the technology, the speed at which it is being adopted and ongoing uncertainty with respect to the laws, regulations and standards governing its development and deployment federally, across localities and states and internationally. Such misuse, and a realization of the previously mentioned risks, could negatively impact our reputation, financial condition and results of operations, the demand for our products and services, otherwise cause competitive harm and/or draw adverse legal and regulatory scrutiny. Insurers' use of AI is subject to existing regulations, and it is possible that the insurance industry will be subject to new or additional regulations and/or guidance regarding the development and use of AI technologies that could affect our operations in one or more jurisdictions. We cannot predict what, if any, regulatory actions will be taken with regard to the use of AI in our business, but any limitations may have a material impact on our underwriting and claims processes, our financial condition or our results of operations. Moreover, because some AI technologies are relatively new, such as generative AI, many of the potential risks regarding their use are currently unknown. As we expand the incorporation of AI
Similar paragraph at 1 of 75 other Financials companies: WRBtechnologies in our business, these risks will be heightened. For additional information regarding regulation with respect to AI technologies, see Item 1. Business - Regulation - Privacy, Data Protection, Cybersecurity and Artificial Intelligence Requirements.
Similar paragraph at 1 of 75 other Financials companies: TFCRead in the 10-K ↗
Once completed, there can be no assurance that we will realize the anticipated economic, strategic or other benefits of any transaction. For example, the integration of businesses we acquire may not be as successful as we anticipate or there may be undisclosed risks present in such businesses. Additionally, difficulties or delays in separating a divested business from our existing infrastructure, systems and operations could reduce the anticipated economic, strategic or other benefits of such transaction.
Similar paragraph at 1 of 75 other Financials companies: EGRead in the 10-K ↗
On July 4, 2025, new U.S. tax legislation was signed into law (known as the “One Big Beautiful Bill Act” or “OBBB Act”), which, among other provisions, makes permanent many of the tax provisions enacted in 2017 as part of the Tax Cuts and Jobs Act that were set to expire at the end of 2025. We do not expect the OBBB Act to have a material impact on our results of operations.
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17 paragraphs in the 10-Q filed Nov 4, 2026 with nothing like them in the 10-Q filed Aug 7, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
On September 24, 2026, AIG issued €625 million aggregate principal amount of 4.250% Notes Due 2031 and €500 million aggregate principal amount of 4.750% Notes Due 2036, which was equivalent to approximately $1.3 billion in the aggregate.
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Items Three Months Ended September 30, 2026 Foreign exchange contracts: Net realized gains/(losses) $ 30 $ 16 $ (30) $ 16 Three Months Ended September 30, 2025 Foreign exchange contracts: Net realized gains/(losses) $ (25) $ (4) $ 25 $ (4) Nine Months Ended September 30, 2026 Foreign exchange contracts: Net realized gains/(losses) $ 9 $ 11 $ (9) $ 11 Nine Months Ended September 30, 2025 Foreign exchange contracts: Net realized gains/(losses) $ (52) $ (23) $ 52 $ (23)
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• lower Net realized losses excluding Fortitude Re funds withheld assets of $176 million primarily due to lower other realized losses as a result of impairment losses on investments in real estate funds of $167 million.
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This increase was partially offset by lower corporate and other general expenses of $15 million.
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Total Prior Year (Favorable) Unfavorable Development* $ (111) $(205) $ (436) $(397)
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• Favorable development in European Financial Lines, partially offset by deteriorations in UK Professional Indemnity.
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• Favorable development in European Financial Lines partially offset by deteriorations in UK Professional Indemnity.
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• Favorable development in Other Product Lines, reflecting experience in several lines, most notably short-tail Property.
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• Adverse development in UK/Europe Casualty and Financial Lines driven by UK Financial Lines, and EMEA Casualty, particularly within Auto and General Liability lines, partially offset by favorable development in EMEA Financial Lines.
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• Favorable development in Other Product Lines, reflecting favorable experience in several lines, most notably short-tail Property.
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• Adverse development in UK/Europe Casualty and Financial Lines driven by UK Financial Lines, and EMEA Casualty, particularly within Auto and General Liability lines, partially offset by favorable development in EMEA Financial Lines.
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On September 24, 2026, AIG issued €625 million aggregate principal amount of 4.250% Notes Due 2031 and €500 million aggregate principal amount of 4.750% Notes Due 2036, which was equivalent to approximately $1.3 billion in the aggregate.
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4 (1) Forty-Eighth Supplemental Indenture, dated September 24, 2026, between AIG and The Bank of New York Mellon, as Trustee, relating to the 4.250% Notes Due 2031 (2031 Notes) Incorporated by reference to Exhibit 4.1 to AIG’s Current Report on Form 8-K, filed with the SEC on September 24, 2026 (File No. 1-8787).
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(2) Forty-Ninth Supplemental Indenture, dated September 24, 2026, between AIG and The Bank of New York Mellon, as Trustee, relating to the 4.750% Notes Due 2036 (2036 Notes) Incorporated by reference to Exhibit 4.2 to AIG’s Current Report on Form 8-K, filed with the SEC on September 24, 2026 (File No. 1-8787).
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(3) Form of the 2031 Notes (included in Exhibit 4.1) Incorporated by reference to Exhibit 4.3 to AIG’s Current Report on Form 8-K, filed with the SEC on September 24, 2026 (File No. 1-8787).
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(4) Form of the 2036 Notes (included in Exhibit 4.2) Incorporated by reference to Exhibit 4.4 to AIG’s Current Report on Form 8-K, filed with the SEC on September 24, 2026 (File No. 1-8787).
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10 (1) Amendment to Employment Agreement, dated September 1, 2026, between AIG and Peter Zaffino* Filed herewith.
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Item 1A of the 10-Q filed Nov 4, 2026 against Item 1A of the 10-K filed Feb 12, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
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In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part I, Item 1A. Risk Factors in the 2025 Annual Report.
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