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Mar 31
AIG Q1 2025 Earnings Report
AIG delivered strong underwriting results despite high catastrophe losses in Q1 2025.
Key Takeaways
AIG posted a solid Q1 2025 with strong underwriting performance and capital returns, despite elevated catastrophe-related losses.
Net Income was $698 million, down from $1.2 billion due to prior year Corebridge income.
Adjusted EPS came in at $1.17, with book value per share rising to $71.38.
Returned $2.5 billion to shareholders via repurchases and dividends.
Declared a 12.5% increase in quarterly dividend, now $0.45 per share.
AIG
AIG
AIG Revenue by Segment
AIG Revenue by Geographic Location
Revenue by Segment
General Insurance Revenue
CapyFin.comRevenue by Geographic Location
North America Commercial Revenue
CapyFin.comInternational Commercial Revenue
CapyFin.comGlobal Personal Revenue
CapyFin.com Forward Guidance
AIG remains confident in achieving 10%+ Core Operating ROE for FY 2025, supported by underwriting strength and capital discipline.
Positive Outlook
- Strong momentum in North America Commercial with 14% growth.
- Improved prior year development positively impacting underwriting.
- Expense ratio improvement supporting margins.
- Dividend raised for third consecutive year.
- Capital position remains strong with $4.9B in parent liquidity.
Challenges Ahead
- Catastrophe losses significantly impacted Q1 underwriting income.
- Net income declined year-over-year due to Corebridge deconsolidation.
- Combined ratio rose above 95% from prior year.
- Global Personal segment reported underwriting loss.
- Macroeconomic and geopolitical uncertainty continues to pose risks.