American International Group Inc. issued about 17% less in commercial insurance premiums and earned 11% less in the third quarter of 2016 compared to the third quarter of 2015, the insurer announced last week.
AIG places its property and casualty line of business under the category of commercial insurance.
Investment income for commercial insurance increased by 36%, and pre-tax operating income increased by 23%. The loss ratio increased from 72.8 to 77.7.
AIG attributed the decrease in written net premiums, in part, to an increased use of reinsurance and the decision to not renew certa...
Related Articles
Comments