AIG’s total consolidated net investment income up 9% to $3.7bn

Written by Adam Cadle

06/08/2021

AIG’s total consolidated net investment income for Q2 2021 was $3.7bn, up 9% from $3.4bn in the prior year quarter primarily due to strong private equity returns, partially offset by lower gains on fair value option bonds.

General insurance net premiums written grew by 24% from the prior year quarter. In life and retirement, adjusted pre-tax income increased 26% to $1.1bn driven by investment returns and improving market conditions.

AIG President and CEO Peter Zaffino said: “We had another outstanding quarter with our businesses performing extremely well while we continue to make significant progress on strategic priorities and position AIG for sustainable profitable growth over the long-term.

“This exceptional performance is the direct result of the hard work and dedication of AIG colleagues around the world who pursue excellence in everything we do and strive to create value for clients, distribution partners, shareholders, and our other stakeholders.”

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