, APAC
/Freepik

AIG's Q2 2024 net premium written falls 8% 

It accumulated $6.9b during the April to June period.

American International Group’s (AIG) second quarter (Q2 2024) net premium written (NPW) for the general insurance business fell by 8% year-on-year (YoY) to $6.9b.

Meanwhile, its International Commercial Lines reported a 3% increase in NPW, driven by Global Specialty, Property, and Casualty lines, thanks to higher renewal retention and strong new business production. However, this was partially offset by a decrease in Financial Lines.

In contrast, International Personal Insurance NPW declined by 4% from the previous year. This increase was largely attributed to higher Personal Auto and Individual Travel premiums, though it was partially offset by a decrease in Warranty.

Groupwide, its Commercial Lines new business of $1.3b, up 18% YoY, supported by robust global retention.

Net loss per diluted share was $5.96, compared to income of $2.03 in the prior year quarter, reflecting the impact of the Corebridge deconsolidation. 

Its book value per share in Q2 2024 was at $68.40, versus the $58.49 the previous year.

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

APAC emerges as leader in renewables insurance
RE is projected to account for 45% of global electricity generation by 2030.
Insurance
IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold
The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) has triggered its first-ever insurance payout after disaster relief demands exceeded its deductible threshold. 
Insurance