Insurance conglomerate American International Group Inc. posted a decline in third-quarter net income tied partly to the divestment of a business, but the company’s operating profit increased despite higher storm and other catastrophe costs as well as losses related to the Covid-19 pandemic. The New York company reported $281 million in profit, down 57% from… Continue reading AIG’s Net Income Fell in Third Quarter
Tag: COVID losses
Zurich’s Operating Profit Falls 40% in H1 on COVID-19 and Elevated Cat Losses
Global insurer Zurich has announced a 40% dip in business operating profit (BOP) for the first half of the year to $1.7 billion, driven mostly by an impact of $686 million related to the ongoing COVID-19 pandemic. As well as the decline in BOP, Zurich has today reported a 42% contraction in net income for… Continue reading Zurich’s Operating Profit Falls 40% in H1 on COVID-19 and Elevated Cat Losses