American International Group, Inc. AIG posted fourth-quarter 2019 operating income of $1.03 per share, beating the Zacks Consensus Estimate by a penny. In the year-ago quarter, the company reported loss of 63 cents per share. Total revenues of $11.8 billion were down 6.3% year over year and also missed the Zacks Consensus Estimate by 4.2%,… Continue reading AIG’s General Insurance Unit Returns to Underwriting Profit in Q4
Tag: underwriting profits
U.S. P&C Profits Fall 9.6% Year on Year: AM Best
Aggregate net underwriting income at a clutch of US P&C insurance companies monitored by AM Best fell by 9.6 percent to $5.3bn during the first six months of 2019. According to AM Best, the aggregate combined ratio for US P&C carriers included in the study deteriorated by 1 point year-on-year to 97.4 percent. AM Best… Continue reading U.S. P&C Profits Fall 9.6% Year on Year: AM Best
U.S. Commercial Lines Profits Could Improve Further in 2019: Fitch
Direct statutory written premiums in the U.S. commercial lines insurance segment grew 5% in 2018, up from 3% the year prior, according to a new report from Fitch Ratings. On a net basis, 2018 premiums grew 15%, an improvement bolstered by U.S. tax laws, which allowed large commercial underwriters to keep more business onshore. “If… Continue reading U.S. Commercial Lines Profits Could Improve Further in 2019: Fitch