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$276m hit in private equity sees AIG’s net investment income drop $537m

Written by Adam Cadle
04/08/2020

AIG’s net adjusted investment income has dropped $537m from a year ago to $3.2bn.

According to its latest financial results, the decrease was as a result of $276m in private-equity losses compared with $238m in private-equity income a year ago.

Gross premiums written fell 2% to $8.47bn in the general insurance business.

AIG posted an underwriting loss of $343m in its general insurance business, compared with a $147m profit a year earlier. The loss included $674m of catastrophes, net of reinsurance, partly reflecting $458m related to COVID-19 and $126m for civil unrest claims.

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