The first quarter in the AIG general insurance class fell 59 % to $ 243 million over the previous year.
Unit-North United States Commercial, International Trade, and the World Personal-has reported $ 525 million related to disastrous in Q1 2025, while it is 6 106 million for Q1 2024.
The AIG’s personal lines business recorded a $ 126 million loss of Q1 compared to an increase of 30 million a year ago. Due to this year’s forest fire, the common proportion of personal lines globally was 107.9 from 98.3 to Q1 2024. However, in a large part of the personal auto development, the comparison base (permanent dollar basis) increased by 3 % in the Net Premium (NPW).
Beyond the devastating losses, AIG CEO Peter Zafino said in a statement that the insurance company had a “excellent start” for the year, which produced “very strong results”. He said the common insurance proportion was 95.8, and the joint proportion of the accident was 87.8, which was the best result of Q1 after the financial crisis.
Related: AIG: Changing a Human Andrroter to Five, ‘Turbo Charging’ E & S
Zafino added, “Although the wider macroeconomic and geographical political environment is uncertain, the AIG is taking these challenges as a force in the wake of our global diverse portfolio, the written form of discipline, and the flexible balance sheet.”
North America’s trade and international trade and international trade and 27 % underworld income decreased by 45 % and 27 %, respectively. The Q1 joint proportion for North America was 93.9 with a defect of 5.8 points and the international commercial was 88.2 last year compared to 83.6.
But AIG said North American commercial NPW increased by 14 %, mainly thanks to its Lexington Insurance Division. International trade NPW added NPW 8 % on a comparison basis.
The AIG attributed the first quarter’s net income to 8698 million shares, which is 41.5 % less than a year ago. The company said the shortage was widely attributed to the involvement of Corps Bridge Financial in the first quarter results before the decimal. The subsequent revenue adjusted to Q1 attributed to the shareholders was 2 702 million, which was $ 862 million a year ago during the same period.
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Destructive Natural Disasters Loss of Profit Jungle Fire Interdering AIG
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