AIG Q1 2021 Earnings Report
Key Takeaways
AIG reported a strong first quarter with growth in General Insurance and solid performance in Life and Retirement. Net income attributable to AIG common shareholders was $3.9 billion, or $4.41 per diluted common share. The combined ratio was 98.8 inclusive of catastrophe losses and 92.4, as adjusted. AATI was $923 million, or $1.05 per diluted common share.
Delivered strong growth in net premiums written in General Insurance, driven by North America and International Commercial businesses.
Achieved underwriting profitability in General Insurance, with a combined ratio of 98.8 inclusive of catastrophe losses and 92.4, as adjusted.
Life and Retirement delivered another solid quarter, with adjusted pre-tax income growth driven by diversified product offerings and increased investment returns.
Repurchased $362 million of common stock and ended the quarter with $7.9 billion of liquidity.
AIG
AIG
Forward Guidance
AIG expects profitable growth to continue throughout the year, supported by the repositioning of their global portfolio.