American International Group Inc

Strong Fourth Quarter Performance: AIG reported strong Q4 results with net premiums written increasing by 7% year-over-year to $6.1 billion and adjusted after-tax income per share growing 5% to $1.30. The combined ratio was 92.5%, demonstrating effective expense discipline and solid underwriting results.

Full Year Financial Outlook: For 2024, AIG achieved an adjusted after-tax income of $3.3 billion, or $4.95 per diluted share, up 28% from 2023, driven by improved underwriting, expense reduction, and higher net investment income. The company expects meaningful organic growth in 2025, especially from the Global Commercial business.

Increased Focus on Underwriting Excellence: AIG reported a continued strong underwriting performance with an accident year combined ratio of 88.2% for the full year, marking six consecutive years of improvement. However, there are concerns about the combined ratio in the Global Personal segment, which the company is addressing by consolidating leadership under Jon Hancock.