AIG Q3 2024 Earnings Report

AIG delivered excellent third quarter financial results with strong profitability and growth across businesses.

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.

Total Revenue

$973M

Previous year: $3.56B