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  • Yesterday

      Show headlines and story abstract
    • 10 hours ago by MT Newswires
      Companies Mentioned: AIG
      04:50 PM EST, 11/04/2024 (MT Newswires) -- American International Group (AIG) reported Q3 adjusted earnings late Monday of $1.23 per diluted share, up from $1.04 a year earlier. Analysts polled by Capital IQ expected $1.10. Revenue for the quarter e...
    • 10 hours ago by MT Newswires
      Companies Mentioned: AIG
      04:20 PM EST, 11/04/2024 (MT Newswires) -- ...
    • 10 hours ago by Dow Jones
      Companies Mentioned: AIG

      By Jean Eaglesham

      American International Group beat Wall Street earnings forecasts last quarter, on the back of increased new business and higher rates.

      The insurance company also benefited from relatively low losses from natural disasters, despite Hurricanes Helene and Beryl making landfall during the three-month period. The $417 million catastrophe charge for the quarter compared with $462 million a year earlier.
    • 10 hours ago by Dow Jones
      Companies Mentioned: AIG
      Combined ratio 88.9 95.5 Catastrophe losses and reinstatement premiums (11.7) (13.3) Prior year development, net of reinsurance and prior year premiums 5.8 2.9 -------- ------- Accident year combined ratio, as adjusted 83.0 85.1 Validus Re impact 0.4 -- -------- ------- Accident year combined ratio, as adjusted, comparable basis 83.4 85.1 ======== ======= Combined ratio 88.9 95.5 Validus Re impact (0.9) -- -------- ------- Combined ratio, comparable basis 88.0 95.5 ======== ======= North America - Personal Insurance ----------------------------------------------- Loss ratio 67.0 61.2 Catastrophe losses and reinstatement premiums (9.7) (8.0) Prior year development, net of reinsurance and prior year premiums 5.1 0.4 -------- ------- Accident year loss ratio, as adjusted 62.4 53.6 ======== ======= Combined ratio 113.0 111.5 Catastrophe losses and reinstatement premiums (9.7) (8.0) Prior year development, net of reinsurance and prior year premiums 5.1 0.4 -------- ------- Accident year combined ratio, as adjusted 108.4 103.9 ======== ======= International - Commercial Lines ----------------------------------------------- Combined ratio 83.4 84.3 Catastrophe losses and reinstatement premiums (3.3) (4.1) Prior year development, net of reinsurance and prior year premiums (0.4) 3.2 -------- ------- Accident year combined ratio, as adjusted 79.7 83.4 Validus Re impact -- -- -------- ------- Accident year combined ratio, as adjusted, comparable basis 79.7 83.4 ======== ======= Combined ratio 83.4 84.3 Validus Re impact (0.4) -- -------- ------- Combined ratio, comparable basis 83.0 84.3 ======== ======= International - Personal Insurance ----------------------------------------------- Combined ratio 97.2 93.7 Catastrophe losses and reinstatement premiums (2.1) (0.8) Prior year development, net of reinsurance and prior year premiums 0.8 2.5 -------- ------- Accident year combined ratio, as adjusted 95.9 95.4 ======== =======
    • 10 hours ago by Dow Jones
      Companies Mentioned: AIG
      Combined ratio 88.9 95.5 Catastrophe losses and reinstatement premiums (11.7) (13.3) Prior year development, net of reinsurance and prior year premiums 5.8 2.9 -------- ------- Accident year combined ratio, as adjusted 83.0 85.1 Validus Re impact 0.4 -- -------- ------- Accident year combined ratio, as adjusted, comparable basis 83.4 85.1 ======== ======= Combined ratio 88.9 95.5 Validus Re impact (0.9) -- -------- ------- Combined ratio, comparable basis 88.0 95.5 ======== ======= North America - Personal Insurance ----------------------------------------------- Loss ratio 67.0 61.2 Catastrophe losses and reinstatement premiums (9.7) (8.0) Prior year development, net of reinsurance and prior year premiums 5.1 0.4 -------- ------- Accident year loss ratio, as adjusted 62.4 53.6 ======== ======= Combined ratio 113.0 111.5 Catastrophe losses and reinstatement premiums (9.7) (8.0) Prior year development, net of reinsurance and prior year premiums 5.1 0.4 -------- ------- Accident year combined ratio, as adjusted 108.4 103.9 ======== ======= International - Commercial Lines ----------------------------------------------- Combined ratio 83.4 84.3 Catastrophe losses and reinstatement premiums (3.3) (4.1) Prior year development, net of reinsurance and prior year premiums (0.4) 3.2 -------- ------- Accident year combined ratio, as adjusted 79.7 83.4 Validus Re impact -- -- -------- ------- Accident year combined ratio, as adjusted, comparable basis 79.7 83.4 ======== ======= Combined ratio 83.4 84.3 Validus Re impact (0.4) -- -------- ------- Combined ratio, comparable basis 83.0 84.3 ======== ======= International - Personal Insurance ----------------------------------------------- Combined ratio 97.2 93.7 Catastrophe losses and reinstatement premiums (2.1) (0.8) Prior year development, net of reinsurance and prior year premiums 0.8 2.5 -------- ------- Accident year combined ratio, as adjusted 95.9 95.4 ======== =======

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