HappySheep
2021-11-05
[Miser]
AIG profit beats Wall St estimates on general insurance boost
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That compared with $790 million a year ago, which included $185 million of estimated COVID-19 losses.</p>\n<p>Global insurers last year faced a sharp rise in payouts related to the health crisis, but a wider availability of COVID-19 vaccines has eased the pressure.</p>\n<p>Adjusted after-tax income attributable to AIG's common shareholders rose to $837 million in the quarter to Sept. 30, from $708 million a year earlier.</p>\n<p>AIG earned 97 cents per share on an adjusted basis, beating analysts' estimates of 88 cents, according to Refinitiv.</p>\n<p>The company's general insurance accident year combined ratio - which excludes catastrophe losses - was 90.5 for the quarter, compared with 93.3 a year earlier.</p>\n<p>A ratio below 100 means the insurer earns more in premiums than it pays out in claims.</p>\n<p>Gross premiums written rose 13% to $8.3 billion in the general insurance business.</p>\n<p>AIG's life and retirement unit posted a 13% fall in adjusted pre-tax income to $877 million.</p>\n<p>The company said the planned initial public offering of the unit, in which Blackstone Group has bought a sizeable stake, was on track for 2022.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAIG profit beats Wall St estimates on general insurance boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-05 09:42 GMT+8 <a href=https://www.streetinsider.com/dr/news.php?id=19163614><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - American International Group Inc exceeded market estimates for quarterly profit on Thursday as its general insurance business faced fewer natural catastrophe and COVID-19 pandemic-related ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19163614\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AIG":"美国国际集团"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19163614","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181797266","content_text":"(Reuters) - American International Group Inc exceeded market estimates for quarterly profit on Thursday as its general insurance business faced fewer natural catastrophe and COVID-19 pandemic-related claims.\nThe U.S. insurer posted an underwriting income of $20 million in its general insurance business in the third quarter, compared with a $423 million loss a year earlier.\nThe business recorded catastrophe losses of $628 million, mainly from Hurricane Ida and floods in the United Kingdom and Europe. That compared with $790 million a year ago, which included $185 million of estimated COVID-19 losses.\nGlobal insurers last year faced a sharp rise in payouts related to the health crisis, but a wider availability of COVID-19 vaccines has eased the pressure.\nAdjusted after-tax income attributable to AIG's common shareholders rose to $837 million in the quarter to Sept. 30, from $708 million a year earlier.\nAIG earned 97 cents per share on an adjusted basis, beating analysts' estimates of 88 cents, according to Refinitiv.\nThe company's general insurance accident year combined ratio - which excludes catastrophe losses - was 90.5 for the quarter, compared with 93.3 a year earlier.\nA ratio below 100 means the insurer earns more in premiums than it pays out in claims.\nGross premiums written rose 13% to $8.3 billion in the general insurance business.\nAIG's life and retirement unit posted a 13% fall in adjusted pre-tax income to $877 million.\nThe company said the planned initial public offering of the unit, in which Blackstone Group has bought a sizeable stake, was on track for 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1110,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/846680318"}
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