AIG (AIG) Preannounces Q3 Global Catastrophe Losses

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Go back to AIG (AIG) Preannounces Q3 Global Catastrophe Losses

AIG Preannounces Global Catastrophe Losses

October 18, 2018 4:18 PM EDT

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced it expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion. These losses are largely associated with multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions to our loss estimates on the California mudslides. As a result, AIG expects pre-tax catastrophe losses, net of reinsurance, resulting from multiple events in Japan and Asia to be approximately $900 million to $1 billion and pre-tax catastrophe losses, net of reinsurance, resulting from events in... More