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AIG beats Q4 profit estimates driven by higher investment returns

Written by Adam Cadle
14/02/204

American International Group (AIG) has beaten expectations for Q4 profit, driven by higher investment returns at its general insurance arm.

Adjusted after-tax income attributable to common shareholders climbed to $1.79 per share from $1.39 a year ago. Analysts on average had expected $1.64, according to LSEG data.

Total net investment income rose 21% to $3.9bn, helped by higher income from fixed maturity securities and loan portfolios due to the higher reinvestment rates.

AIG said net premiums written in its general insurance arm for the quarter ended December grew 3% to $5.8bn.


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