Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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AIG: Another terrible year – can 2018 be better?

Gavin Davis 13 February 2018

Last week, AIG reported Q4 operating earnings per share of $0.57, versus Wall Street's consensus estimate of $0.75.

Notable items from the results included $766mn of catastrophe losses (roughly in line with prior guidance), some unfavourable reserve development from its international P&C units and the creation of a new run-off entity.

However, in what was another annus horribilis for the company, its fourth quarter results mattered little. AIG's 2017 combined ratio of 117.3 percent marks the third consecutive year the...

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This article was published as part of issue February 2018/2

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