AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns

Article 0 Comments American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. Excluding realized investment gains and losses and some other items, AIG posted a loss of $559 million, or […]

AIG Executives Outline Path to Underwriting Profit in 2019

Article 0 Comments “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president and chief executive officer, American International Group […]

AIG Again Battered by Catastrophes But Reinsurance Lowers 3Q Net Loss

Article 0 Comments Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018, compared to a net loss of $1.7 billion in the prior-year quarter. Adjusted after-tax loss was $301 million the third quarter to $1.1 […]

AIG Estimates Q3 Catastrophe Losses Will Be $1.5 Billion

Article 0 Comments American International Group said it expects to report third quarter 2018 catastrophe losses of approximately $1.5 to $1.7 billion. These losses are largely from multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions to loss estimates on the California mudslides. […]

AIG CEO Duperreault Vows Continued ‘Sense of Urgency’ on Reaching Elusive Profitability

Article 0 Comments After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to profitability will continue to be a bumpy one. “It’s not a straight line but it is an […]

AIG’s Q2 Profit Drops 17% as General Insurance Fails to Improve

Article 0 Comments American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian Duperreault, who took charge more than a […]