INSURER American International Group reported a higher second-quarter (Q2) profit on Wednesday, powered by strong underwriting gains and higher returns on investments.
INSURER American International Group reported a higher second-quarter profit on Wednesday, powered by strong underwriting gains and higher returns on investments. Insurer s like AIG and Travelers Cos are benefiting as businesses and individuals have maintained spending on insurance against the backdrop of economic uncertainty.
A ratio below 100 signifies that the insurer earned more from premiums than it paid out in claims.A rebound in the stock markets following tariffs-related volatility has also helped insurers boost their investment income.Net investment income jumped 48 percent to $1.47 billion in the second quarter, driven by a change in the fair value of AIG’s equity in Corebridge and higher income on available for sale fixed maturity securities.
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