Reported about 2 months ago
AIG surpassed Wall Street profit estimates for the third quarter, benefiting from robust underwriting and investment returns. The company's net premiums written in general insurance rose 6% to $6.38 billion, with a notable performance in Commercial Lines. Despite facing $417 million in catastrophe losses, AIG's adjusted after-tax income increased to $1.23 per share, exceeding analyst expectations. This reflects resilience in a challenging environment marked by significant industry losses due to climate-related disasters.
Source: YAHOO