American International Group Inc. has reported first quarter net income of $654 million, compared to $938 million in the first quarter of 2018.
AIG’s general insurance division posted a combined ratio of 97.4% for the first quarter, compared to 103.8% in the prior-year quarter.
“General insurance achieved an underwriting profit driven by underwriting and expense discipline, improved business mix and reinsurance actions,” Brian Duperreault, AIG’s president and chief executive officer, said in a statement. He said he expects the division’s underwriting profit ...
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