American International Group, Inc. ( (AIG) ) has released its Q4 earnings. Here is a breakdown of the information American International Group, Inc. presented to its investors.
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American International Group, Inc. (AIG) is a global insurance organization providing insurance solutions to help businesses and individuals manage risks in over 200 countries and jurisdictions. The company operates in the insurance sector and is known for its extensive international reach and comprehensive product offerings.
In its recent earnings report for the fourth quarter and full year 2024, AIG showcased strong financial performance with significant growth in net premiums written and an increase in net income per diluted share compared to the previous year. The company also returned a substantial amount of capital to shareholders and made strategic advancements in its reinsurance strategy.
Key financial highlights include a 6% increase in General Insurance net premiums written for the fourth quarter, a net income per diluted share of $1.43, and a full-year adjusted after-tax income per diluted share of $4.95, marking a 12% year-over-year increase. AIG also executed $9.7 billion in capital management actions and achieved a combined ratio below 92% for the third consecutive year, demonstrating strong underwriting profitability.
Despite challenges such as the impact of natural catastrophes, including wildfires in California, and the deconsolidation of Corebridge Financial, AIG’s strategic initiatives and capital management efforts have set a solid foundation for future growth. The company’s focus on disciplined capital management and sustained underwriting excellence is expected to drive a 10% plus core operating return on equity for 2025.
Looking ahead, AIG remains optimistic about its growth prospects, emphasizing its commitment to managing risk and delivering value to its stakeholders. With a strong capital position and continued focus on strategic priorities, the company is well-positioned to navigate the complexities of the global insurance landscape.
