AIG Q3 2024 Earnings Report
Key Takeaways
AIG reported excellent third quarter financial results, demonstrating underwriting excellence and capital management discipline. The adjusted after-tax income per diluted share was $1.23, an 18% increase year-over-year. The company returned approximately $1.8 billion of capital to shareholders through stock repurchases and dividends.
General Insurance net premiums written decreased 1% on a reported basis, or increased 6% on a comparable basis, totaling $6.4 billion.
Global Commercial Lines net premiums written decreased 2% on a reported basis, or increased 7% on a comparable basis, totaling $4.5 billion.
The combined ratio was 92.6%, and the accident year combined ratio, as adjusted, was 88.3%.
Adjusted after-tax income per diluted share was $1.23, an increase of 18% from the prior year quarter, or 31% on a comparable basis.
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Forward Guidance
AIG remains focused on underwriting excellence and executing on AIG Next, with substantial progress made to improve the financial strength of AIG.