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Sep 30, 2020
AIG Q3 2020 Earnings Report
AIG reported solid third quarter results, demonstrating improvement in General Insurance and Life and Retirement sectors.
Key Takeaways
AIG reported solid third quarter results with General Insurance showing improvement in accident year combined ratio and Life and Retirement demonstrating strong improvement in adjusted pre-tax income. The results were impacted by natural catastrophes, COVID-19 losses, and actuarial assumption updates.
General Insurance accident year combined ratio improved for the ninth consecutive quarter.
Life and Retirement's adjusted pre-tax income showed a strong improvement from last year.
High frequency of natural catastrophes and COVID-19 had a limited impact on financial results.
AIG announced its intention to separate its Life and Retirement business from AIG.
Forward Guidance
AIG announced its intention to separate its Life and Retirement business from AIG. No decisions have yet been made regarding the structure of the proposed separation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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