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Dec 31, 2023
AIG Q4 2023 Earnings Report
AIG reported excellent results driven by underwriting performance and strategic execution.
Key Takeaways
AIG reported a net income per diluted share of $0.12 and an adjusted after-tax income per diluted share of $1.79 for Q4 2023. General Insurance net premiums written increased by 3% year-over-year, and the combined ratio improved to 89.1%. The company returned $1.3 billion to shareholders through stock repurchases and dividends.
Net income per diluted share was $0.12, and adjusted after-tax income (AATI) per diluted share was $1.79.
General Insurance net premiums written (NPW) increased 3% year-over-year, or 7% on a comparable basis.
General Insurance combined ratio improved to 89.1%, with the accident year combined ratio improving to 87.9%.
Returned $1.3 billion to shareholders through repurchases and dividends.
Forward Guidance
AIG has significant momentum entering 2024 and will focus on underwriting, operations, claims service, and talent to drive continued growth.
Positive Outlook
- Excellent underwriting performance.
- Successful execution of multiple complex initiatives.
- Commitment to underwriting excellence.
- Ability to manage volatility.
- Disciplined approach to navigating the global risk environment.
Challenges Ahead
- Increasingly complex global risk environment.
- Potential for adverse developments affecting economic conditions.
- Occurrence of catastrophic events.
- Disruptions in information technology systems.
- Challenges in retaining and recruiting key personnel.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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