AIG Achieves Financial Strength Rating Upgrades from S&P Global and Moody’s
This incredible milestone represents AIG’s first upgrade from Moody’s since 1990 and the first upgrade from S&P since 2013.
In the second quarter of 2025, AIG received significant recognition from two top global rating agencies.
“During the quarter, both S&P Global and Moody’s upgraded the financial strength ratings of our insurance subsidiaries — which is an incredible milestone, especially when you consider that this is AIG’s very first upgrade from Moody’s since 1990, and first upgrade from S&P since 2013,” AIG Chairman & CEO Peter Zaffino said.
S&P upgraded the financial strength ratings of AIG’s significant insurance subsidiaries to “AA-” from “A+” and Moody’s upgraded the financial strength ratings of AIG’s insurance subsidiaries to “A1” from “A2”, reflecting AIG’s progress and ability to achieve consistent strong underwriting performance, enhanced profitability and reduced financial leverage.
“These actions speak to the strength and stability of AIG, are a meaningful validation from our key stakeholders and represent the collective hard work of our colleagues over several years,” Keith Walsh, AIG’s Executive Vice President and Chief Financial Officer, said during the August 7 earnings call.
These developments build on the momentum from AIG’s 2025 Investor Day in March, when our leaders demonstrated how we have transformed AIG into a different company with unparalleled opportunities.
Fortifying Our Industry Leadership
The upgrades from S&P Global Ratings and Moody’s Ratings were the latest in a series of other positive actions from the major rating agencies. In 2024, AM Best upgraded AIG’s Issuer Credit Rating (ICR) to “a+” from “a” and in 2023, Fitch upgraded AIG’s insurance subsidiaries’ financial strength ratings to “A+” from “A”.
* Moody's, S&P, and Fitch ratings represent Financial Strength Rating (FSR) and AM Best represents Issuer Credit Rating (ICR).
Together, these achievements reflect AIG’s incredible progress, momentum and strong financial performance.
“We have built tremendous strategic and financial flexibility,” Keith says. “We have divested many businesses and streamlined the company. At the same time, we have raised reserves, derisked as far as taking debt off the balance sheet and put ourselves into a position of strength.”
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