AIG financial results News

AIG Reports Strong First Quarter

American International Group (AIG) reported strong underwriting and investment results in in its General Insurance and its Life and Retirement divisions, despite catastrophe losses from winter storms and Covid-19 mortality claims. For the first quarter, net income was $3.9 billion …

AIG’s Profit Slumps on Q3 Catastrophe Losses

American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and the COVID-19 pandemic. AIG, one of the largest U.S. insurers, posted an underwriting loss of $423 million in its general …

Zaffino, AIG’s No. 2, Fights to Turn Around the House That Hank Greenberg Built

American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a rare sit-down interview. “I needed to see things …

AIG’s P/C Business Delivers on CEO’s Underwriting Promise

American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer’s General Insurance unit will produce an underwriting profit for all of 2019, after a decade of losses. His promise has now come true for the second …

AIG CEO Vows to Improve Bottom Line by Year End

American International Group Inc. executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent. The New York-based insurer reported …

Cat Losses Cut Into AIG Q1 Profit

American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer posted $938 million, or $1.01 per share, in net income …

AIG Posts Q4 Profit; Commercial Combined Ratio at 107.7

Insurer American International Group on Thursday raised its dividend and announced more share buybacks as its fourth-quarter earnings beat expectations, swinging to a profit compared with a year-earlier loss. The company also said it expects to reduce its global workforce …

AIG Reports P/C Underwriting Gain for Q1

American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and reported lower losses. The long-awaited turnaround in …

AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves

American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty about the timing and structure of the U.S. Treasury …