American International Group: Past Performance and Updates

Between 2016 and 2017, American International Group’s (AIG) General Insurance segment’s net premiums fell to $26 billion from $29.5 billion, and its adjusted pre-tax loss amounted fell to $813 million from $2 billion. Last year was a tough one for the segment, mainly due to significant catastrophe losses witnessed in North America. In 2017, General Insurance had total catastrophe losses of $4.1 billion, with $3.2 billion in the North American segment and $891 million in the international segment.