AIG Q1 2021 Earnings Report

AIG had an excellent start to the year with growth in General Insurance and continued strong performance in Life and Retirement.

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.

Total Revenue

$14.5B

Previous year: $14.4B

Accident Yr Combined Ratio

92.4%

Previous year: 95.5%