American International Group Inc.
AIG Reports Q2 2024 Financial Results and Corebridge Deconsolidation
Summary
American International Group, Inc. (AIG) reported its financial results for the second quarter of 2024, showing a net loss of $4.0 billion, or $5.96 per diluted share, primarily due to the $4.7 billion loss from the deconsolidation of Corebridge. The company declared a cash dividend of $0.40 per share on its common stock. AIG's adjusted after-tax income per diluted share increased by 9% year-over-year to $1.16, and net premiums written increased by 7% on a comparable basis to $6.9 billion.
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About American International Group Inc.
American International Group Inc. is a prominent multinational finance and insurance corporation. Its primary function is to provide a wide array of insurance products and services to clients globally. These offerings include general property and casualty insurance, life insurance, retirement solutions, and other financial services. AIG plays a critical role in the financial market by offering risk management solutions and safeguarding assets for both individuals and businesses. Operating across numerous sectors such as commercial, financial institutions, and personal insurance markets, AIG holds a significant presence in the global insurance landscape. The company is known for tailored products designed to meet diverse customer needs, ranging from small businesses to major corporations. Its broad market reach and longstanding industry experience make it a key player in driving insurance innovation and providing financial security. Founded in 1919 and headquartered in New York City, AIG continues to influence the financial market through strategic leadership and adaptation to changing financial and regulatory environments, consistently working towards strengthening its market position through technological advancements and sustainable practices.
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