“The first quarter 2014 combined ratio was 101.2, a 3.9 point increase from the prior-year quarter. Catastrophe losses were $262 million, compared to $41 million in the first quarter of 2013. Including related premium adjustments, net adverse development was $162 million, compared to net favorable development of $52 million for the first quarter of 2013.”
Perhaps they’ll use some of it to solidfy their under-stated reserves in their P&C unit.
http://finance.yahoo.com/news/aig-reports-first-quarter-2014-200300349.html;_ylt=AwrBJSAf92dT1U8AOaTQtDMD
“The first quarter 2014 combined ratio was 101.2, a 3.9 point increase from the prior-year quarter. Catastrophe losses were $262 million, compared to $41 million in the first quarter of 2013. Including related premium adjustments, net adverse development was $162 million, compared to net favorable development of $52 million for the first quarter of 2013.”