Filing Flows

Filing Flows › Companies › American International Group › Cash flow

American International Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.7B in Q3 2026 · $5.2B over twelve months

Operating cash flow$2.7B
Free cash flow+$2.7B
Cash / net income3.2×

Analysis

In Q3 2026, American International Group generated $2.7B of operating cash flow. That is $1.3B more than in Q3 2025 ($1.3B).

Over the twelve months to Sep 30, 2026, operating cash flow was $5.2B; the largest uses were other investing ($3.0B), buybacks ($2.3B), dividends ($1.0B); besides operations, cash came from net borrowing (+) / repaid (−) ($1.3B); the cash balance rose by $193M.

Operating cash flow was $2.7B against net income of $849M — 3.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$972M, other operating capital +$285M, gains on investments +$110M.

Free cash flow

American International Group: free cash flow by quarterAmerican International Group: free cash flow by quarter$125MQ4 2024−$56.0MQ1 2025$1.4BQ2 2025$1.3BQ3 2025$636MQ4 2025$155MQ1 2026$1.7BQ2 2026$2.7BQ3 2026
Operating cash flow less capital spending.
American International Group: operating cash flow against capital spendingAmerican International Group: operating cash flow against capital spendingOperating cash flowCapital spending$125M$0Q4 2024−$56.0M$0Q1 2025$1.4B$0Q2 2025$1.3B$0Q3 2025$636M$0Q4 2025$155M$0Q1 2026$1.7B$0Q2 2026$2.7B$0Q3 2026
Latest (Q3 2026): Operating cash flow $2.7B, Capital spending $0.

Capital allocation, year by year

American International Group: where the cash came from (up) and went (down), by fiscal yearAmerican International Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $6.2BFY2021: Net borrowing −$4.0BFY2021: Asset sales $4.7BFY2021: Capital spending −$343MFY2021: Buybacks −$2.6BFY2021: Dividends −$1.1B$10.9BFY2021FY2022: Operating cash flow $4.1BFY2022: Net borrowing −$478MFY2022: Shares issued $68.0MFY2022: Capital spending −$210MFY2022: Buybacks −$5.2BFY2022: Dividends −$982M$4.2BFY2022FY2023: Operating cash flow $6.2BFY2023: Net borrowing −$1.6BFY2023: Shares issued $43.0MFY2023: Asset sales $2.6BFY2023: Capital spending −$240MFY2023: Buybacks −$3.0BFY2023: Dividends −$997M$8.9BFY2023FY2024: Operating cash flow $3.3BFY2024: Net borrowing $661MFY2024: Shares issued $162MFY2024: Asset sales $587MFY2024: Buybacks −$6.7BFY2024: Dividends −$1.0B$4.7BFY2024FY2025: Operating cash flow $3.3BFY2025: Net borrowing $1.2BFY2025: Shares issued $155MFY2025: Buybacks −$5.8BFY2025: Dividends −$976M$4.7BFY2025
Over these 5 years operating cash flow totalled $23.2B; the largest uses were buybacks ($23.2B) and net borrowing ($6.1B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.7B
Debt$9.2B
Net debt$7.5B

American International Group funds itself: free cash flow was $5.2B over the last twelve months, and $1.7B of cash and investments stands against $9.2B of debt.

Where the cash came from and went

American International Group: sources (+) and uses (−) of cash, Q3 2026American International Group: sources (+) and uses (−) of cash, Q3 2026Other investing−$3.0BOperating cash flow$2.7BNet borrowing (+) / repaid (−)$1.3BBuybacks−$529MDividends−$260MCash drawn (+) / kept (−)−$222MExchange rates$80.0MOther financing−$25.0M
American International Group: sources (+) and uses (−) of cash, TTM to Q3 2026American International Group: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$5.2BOther investing−$3.0BBuybacks−$2.3BNet borrowing (+) / repaid (−)$1.3BDividends−$1.0BCash drawn (+) / kept (−)−$193MOther financing−$60.0MExchange rates$50.0M

From profit to cash

American International Group: net income to operating cash flow, Q3 2026American International Group: net income to operating cash flow, Q3 2026Net income$849MDepreciation & amortization$972MGains on investments$110MOther operating capital$285MOperating cash flow$2.7B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$2.7B−$529M−$260M$1.3B−$222M$2.7B
Q2 2026$1.7B−$645M−$263M—−$37.0M$1.7B
Q1 2026$155M−$508M−$241M—−$183M$155M
Q4 2025$636M−$584M−$242M—$249M$636M
Q3 2025$1.3B−$1.2B−$246M—$247M$1.3B
Q2 2025$1.4B−$1.8B−$254M—−$433M$1.4B
Q1 2025−$56.0M−$2.2B−$234M—−$36.0M−$56.0M
Q4 2024$125M−$1.8B−$244M$660M$272M$125M

American International Group: income statement and cash flow

American International Group, Q3 2026: revenue $7.4B (+17% year over year), operating margin 15.0%. The chart follows the revenue to costs, profit and cash.

American International Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.