American International Group reported lower quarterly profit as net investment income declined, the company disclosed in its earnings release. The drop was primarily driven by changes in unrealized losses tied to AIG's stake in Corebridge Financial, its recent spin-off, and by comparison to a one-time gain from selling its global personal travel insurance business last year.

The travel unit divestiture provided a significant boost to prior-year results, making current comparisons challenging. Corebridge Financial, which went public in 2022, represents a major strategic shift for AIG as it focuses on core insurance operations. The unrealized losses in AIG's investment portfolio reflect broader market volatility affecting financial services firms.

Investors are watching closely as AIG navigates these transitional impacts while maintaining its position in commercial and consumer insurance markets. The company's ability to stabilize investment income and offset the absence of one-time gains will be crucial for future earnings growth.