AIG Q3 2021 Earnings Report
Key Takeaways
AIG reported a net income of $1.7 billion for Q3 2021, a significant increase compared to $281 million in the prior year quarter. The company's General Insurance segment demonstrated strong underwriting profitability, while Life and Retirement remained a solid contributor. AIG also repurchased $1.1 billion of common stock and redeemed $1.5 billion of debt, showcasing its financial strength.
Net income attributable to AIG common shareholders was $1.7 billion, or $1.92 per diluted common share.
General Insurance delivered strong results with net premiums written up by 11% and an adjusted combined ratio of 90.5.
Life and Retirement contributed adjusted pre-tax income of $877 million.
AIG repurchased $1.1 billion of common stock and redeemed $1.5 billion of debt.