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Dec 31, 2024
AIG Q4 2024 Earnings Report
Key Takeaways
AIG reported strong fourth-quarter results with a 6% increase in General Insurance net premiums written (NPW) reaching $7.18 billion. Net income attributable to AIG common shareholders was $898 million, or $1.43 per diluted share, a significant improvement from $86 million or $0.12 per share in the prior year quarter. Adjusted after-tax income (AATI) per diluted share was $1.30, up 2% year-over-year. Operating performance was solid despite higher catastrophe-related losses of $325 million. The company returned approximately $2.1 billion to shareholders during the quarter.
Forward Guidance
AIG remains focused on disciplined capital management and underwriting excellence to drive sustained profitability. The company expects continued momentum despite increased global volatility.
Positive Outlook
- Strong General Insurance premium growth driven by Global Commercial and Global Personal segments
- Solid underwriting performance with an 88.6% accident year combined ratio
- Continued share repurchases and dividend payments enhancing shareholder value
- Reduced debt by $1.6 billion, improving financial flexibility
- Expansion of reinsurance strategy through Syndicate 2478 at Lloyd’s
Challenges Ahead
- Higher catastrophe losses impacting underwriting income
- Increase in combined ratio due to elevated claims costs
- Lower investment income in certain insurance segments
- Continued macroeconomic uncertainty and inflationary pressures
Historical Earnings Impact
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Avg. Return Before/After Earnings
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