Strong Fourth Quarter Performance
General Insurance reported strong net premiums written of $6.1 billion, an increase of 7% year-over-year. Adjusted after-tax income per share grew 5% year-over-year to $1.30 per share.
Disciplined Capital Management
AIG reduced shares outstanding by 12% and increased the quarterly dividend per share by 11%, resulting in the return of $8.1 billion of capital to shareholders.
Significant Strategic Initiatives
AIG deconsolidated Corebridge Financial, achieving a four-year journey milestone, and closed on multiple business divestitures to simplify operations.
Generative AI Implementation
AIG launched its first generative AI solution, AIG Underwriter Assist, to support business growth and improve underwriting efficiency.
Positive Reinsurance Outcomes
AIG successfully maintained its reinsurance purchasing strategy with strong renewals and launched a new reinsurance syndicate at Lloyd's in partnership with Blackstone.