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Mar 31, 2022
AIG Q1 2022 Earnings Report
AIG delivered excellent results with improved underwriting profitability and continued solid performance from Life and Retirement.
Key Takeaways
AIG reported strong first quarter results, driven by improvements in underwriting profitability in General Insurance and solid performance in Life and Retirement. The company also made progress on the separation of Life and Retirement and accelerated capital management actions, including increasing the share repurchase authorization to $6.5 billion.
General Insurance underwriting profitability improved significantly.
Life and Retirement showed continued solid performance.
Advanced progress on the separation of Life and Retirement from AIG.
Increased the share repurchase authorization to $6.5 billion.
Forward Guidance
AIG is focused on continuing to improve performance and execute on strategic priorities.
Positive Outlook
- Continuing to generate top line growth.
- Driving sustainable underwriting improvement.
- Maintaining expense discipline.
- Strong fixed annuity sales.
- Expanding origination capabilities from strategic partnerships.
Challenges Ahead
- Significant market volatility.
- Lower call and tender income.
- Lower returns from fair value option equity and fixed maturity securities.
- Lower income from hedge funds.
- Reduction in accumulated other comprehensive income (AOCI).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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