AIG GI Q2 CoR rises as cats, lower reserve releases offset margin improvement
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AIG GI Q2 CoR rises as cats, lower reserve releases offset margin improvement

Jairo Ibarra
August 01, 2023
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AIG’s general insurance (GI) Q2 combined ratio rose 3.5 points to 90.9% as higher catastrophe losses and lower reserve releases during the quarter outweighed a margin improvement driven by the commercial lines division.

The company posted $250mn in cat losses in Q2, up from $121mn a year earlier. The cat hit was driven by $159mn in North America, mainly attributable to US convective storms, and $91mn in international operations, mainly related to...

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Jairo Ibarra
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