On 12 March 2020, American International Group, Inc. (NYSE: AIG) stock observed trading -56.24% off 52-week high price. On the other end, the stock has been noted -15.59% away from low price over the last 52-weeks. The stock disclosed a move of -47.24% away from 50 day moving average and -51.24% away from 200 day moving average. Moving closer, we can see that shares have been trading -41.51% off 20-day moving average. It has market cap of $24085.65M and dividend yield of 4.99%.

American International Group, Inc. (AIG) recently stated net income attributable to AIG ordinary shareholders of $922M, or $1.03 per diluted ordinary share, for the fourth quarter of 2019, contrast to a net loss attributable to AIG ordinary shareholders of $622M, or $0.70 per ordinary share, in the prior-year quarter. The improvement was primarily Because of the favorable impact of General Insurance underwriting and reinsurance actions, favorable net previous year loss reserve development of $153M (pre-tax) contrast to unfavorable net previous year loss reserve development of $365M (pre-tax) in the prior-year quarter, a reduction in pre-tax net catastrophe losses of $385M contrast to the prior-year quarter, and a raise of $833M (pre-tax) in net investment income contrast to the prior-year quarter. Adjusted after-tax income attributable to AIG ordinary shareholders was $919M, or $1.03 per diluted ordinary share, for the fourth quarter of 2019, contrast to an adjusted after-tax loss attributable to AIG ordinary shareholders of $559M, or $0.63 per ordinary share, in the prior-year quarter. The improvement was primarily Because of the favorable impact of General Insurance underwriting and reinsurance actions, lower catastrophe losses and a raise in net investment income contrast to the prior-year quarter.

FOURTH QUARTER 2019 HIGHLIGHTS

General Insurance – Fourth quarter adjusted pre-tax income of $778M was comprised of underwriting income of $12M and net investment income of $766M. Favorable net previous year loss reserve development totaled $153M and was primarily Because of favorable net previous year loss reserve development for accident year 2017. Catastrophe-related losses, net of reinsurance, totaled $411M, including $233M from Typhoon Hagibis and $146M from Texas tornadoes and California wildfires. The combined ratio was 99.8. The accident year combined ratio, as adjusted, was 95.8, comprised of a 61.6 accident year loss ratio, as adjusted*, an improvement of 230 basis points from the prior-year quarter, and an expense ratio of 34.2, an improvement of 70 basis points from the prior-year quarter. The decrease in accident year loss ratio, as adjusted, reflected the underwriting and reinsurance actions taken to improve business mix and loss performance, and to reduce volatility in the General Insurance book of business.

Life and Retirement – Fourth quarter adjusted pre-tax income increased 35% to $839M contrast to the prior-year quarter. The increase reflected favorable impacts from equity market returns, favorable impacts from lower interest rates resulting in higher income on fair value option bonds and gains on calls, and higher assets driving higher base portfolio income, partially offset by spread compression Because of lower reinvestment yields and slightly higher general operating expenses (GOE) from investments in the business contrast to the prior-year quarter. Net flows were unfavorable contrast to the prior-year quarter primarily Because of lower Fixed Annuity sales and slightly higher group surrenders, partially offset by strong Index Annuity sales and higher group acquisition sales. Life and Retirement’s Adjusted ROCE for the fourth quarter of 2019 was 13.0%.

Net Investment Income – Fourth quarter net investment income increased 30% to $3.6B reflecting higher alternative investment income of $209M contrast to a loss in the prior-year quarter. Annualized yield for alternative investment income was 12.26% for the fourth quarter of 2019, above AIG’s 8% annualized assumption for the quarter, contrast to -5.85% in the prior-year quarter.

Other Operations – Fourth quarter adjusted pre-tax loss of $586M increased from an adjusted pre-tax loss of $420M in the prior-year quarter, which included a loss of $133M and a gain of $31M, respectively, from consolidation, eliminations and other adjustments. Net of consolidation, eliminations and other adjustments, the slight increase in the pre-tax loss was primarily Because of a raise in interest expense from consolidated investment entities of $44M.

Legacy Results – Fourth quarter adjusted pre-tax income of $177M contrast to adjusted pre-tax loss of $150M in the prior-year quarter. The fourth quarter of 2018 included a $105M pre-tax charge resulting from loss recognition on certain Accident & Health cancer and disability blocks. Not Including the charge, the increase in pre-tax income was primarily Because of higher net investment income.

The USA based company American International Group, Inc. moved with change of -20.84% to $25.67 with the total traded volume of 13573317 shares in recent session versus to an average volume of 5902.43K. AIG’s shares are at -49.75% for the quarter and driving a -41.38% return over the course of the past year and is now at -49.99% since this point in 2018.

 

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