AIG (AIG) Tops Q1 EPS by 20c
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AIG Reports First Quarter 2023 Results
May 4, 2023 4:16 PM EDTGeneral Insurance delivered underwriting income of $502 million, representing the strongest first quarter underwriting results; Commercial Lines net premiums written (NPW) grew 6% year-over-year or 11% on a constant dollar basis and adjusted for the International lag elimination* General Insurance combined ratio of 91.9% improved 1.0 point from the prior year quarter and adjusted accident year combined ratio* (AYCR) of 88.7% improved 0.8 point from the prior year quarter, marking the fifth consecutive year of margin improvement Life and Retirement reported a strong quarter with continued sales momentum and a 60-basis point improvement in base investment yield... More
