AIG improves Q2 GI CoR 5.1 points to 87.4% after $202mn reserve release
AIG improved its underwriting performance in Q2, as its general insurance (GI) combined ratio declined by 5.1 points to 87.4% and the carrier booked $202mn in favorable reserve development compared with $51mn last year.
The results added to the positive trend commercial carriers have seen in the quarter so far and provided fresh evidence of AIG’s P&C turnaround.
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