**Strong Financial Performance & Growth**: AIG reported adjusted after-tax income of $798 million in Q3 2024, a 31% increase in earnings per share year-over-year. General Insurance reported underwriting income of $437 million, with net premiums earned up 7% year-over-year to $5.9 billion. Overall, AIG achieved a calendar year combined ratio of 92.6%, indicating strong profitability relative to industry benchmarks.
**Resilient Catastrophe Loss Management**: The company faced total catastrophe-related charges of $417 million in Q3, but emphasized a significant improvement in handling CAT events compared to the past. Since 2012, AIG has reduced losses tied to natural disasters, projecting a less than 1% market share of the forecasted total industry loss for 2024 of over $125 billion, demonstrating effective underwriting and reinsurance strategies.
**Continued Shareholder Returns**: AIG returned $1.8 billion to shareholders in Q3 through $1.5 billion in stock repurchases and $254 million in dividends. The company plans to execute a total $10 billion share repurchase authorization through 2024 and 2025, while maintaining an increased cash dividend of 11% earlier this year.