EarningsAIG reported operating EPS of $1.23, beating consensus of $1.10, with the upside driven by lower catastrophe losses and higher net favorable prior year development.
Investment IncomeTotal net investment income increased 12% YoY to $898 million, reflecting higher income on short-term investments due to higher yields and Corebridge dividends.
Underwriting PerformanceStrong underwriting in International segments drove favorable earnings results.