Rob O'Dwyer - Specialist Sales - US Financials AC rob.odwyer@jpmorgan.com J.P. Morgan Securities LLC North America Specialist Sales J P M O R G A N 07 August 2026 My 2c on Financials AIG (=/+): Underwriting-driven beat, softer investment income Operating EPS of $2.00 beat consensus of $1.91, driven by stronger underwriting income as the combined ratio improved to 89.0% vs. 91.0% expected, reflecting better margins and lower attritional losses in US commercial and global personal lines. Underwriting remains ...