American International Group Inc. has reported a net loss of $622 million in the fourth quarter of 2018, compared to a $6.7 billion net loss in the prior-year quarter.
In the company’s General Insurance division, net premiums written for North America commercial lines were up 20% in the fourth quarter, to $2.16 billion. The commercial lines fourth quarter net underwriting loss of $541 million compares to a $16 million underwriting gain in the prior-year quarter.
The combined ratio for commercial lines in the fourth quarter increased, to 120.9%, from 99.2% in the same quarter o...
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