NYSE:AIGInsurance
AIG (AIG) Stock Hinges On Underwriting Strength As Profit Cools
AIG stock slipped about 1.5% today to roughly US$78. Yet the latest quarter showed another solid underwriting performance that keeps the long term story very much alive. Adjusted after tax income came in at US$1.1b and core operating return on equity was about 11% for the quarter, supported by a General Insurance combined ratio below 90%.
While the immediate price reaction looks muted, the more important developments are in underwriting discipline, capital returns and the multiyear push to...