Aegon Ltd (AEG) is fairly valued and American International Group Inc (AIG) is slightly overvalued.
Against our estimates of intrinsic value, AEG trades at the wider discount: a margin of safety of +3%, against -9% for AIG.
Values as of the 22 Sept 2026 close.
Book value at 1.16x, the multiple a 10.6% return on equity justifies, blended with earnings, values the shares at $9.24; the price of $8.95 is 3% below that value.
Leak Score 27/100 on 3 of 12 signals
Book value at 0.79x, the multiple a 7.2% return on equity justifies, blended with earnings, values the shares at $68.76; the price of $75.18 is 9% above that value.
Leak Score 60/100 on 8 of 12 signals
| Metric | AEG | AIG |
|---|---|---|
| Verdict | Fairly valued | Slightly overvalued |
| Price | $8.95 | $75.18 |
| Intrinsic value | $9.24 | $68.76 |
| Margin of safety | +3% | -9% |
| Leak Score | 27/100 (3/12) | 60/100 (8/12) |
| Market cap | $13.2B | $39.3B |
| Revenue growth, 5 years | 7.4% | -9.3% |
| Operating margin | 2.5% | 16.9% |
| Net margin | 3.9% | 11.1% |
| Return on equity | 10.6% | 7.2% |
| Debt to equity | 0.43 | 0.22 |
| P/E | 11.9x | 13.8x |
| Forward P/E | 7.7x | 8.5x |
| P/B | 1.3x | 1.0x |
| Dividend yield | 5.6% | 2.6% |