American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry.
Tag: retirement products
AIG’s Life and Retirement Unit Files for IPO
SAFG Retirement Services Inc, the holding company of American International Group Inc’s life and retirement business, filed for an initial public offering in the United States on Monday. SAFG reported total revenue of $23.39 billion for the fiscal year ended Dec. 31, a 55 percent increase, in the filing. Adjusted after-tax operating income increased 14.5… Continue reading AIG’s Life and Retirement Unit Files for IPO