- American International Group (NYSE:AIG) Q4 adjusted EPS of 94 cents vs. consensus of 93 cents; compares with 81 cents in Q3 and $1.03 cents a year ago.
- AIG falls 0.5% in after-hours trading.
- The Y/Y decline is due to higher catastrophe losses, including COVID-19 catastrophe losses, as well as unfavorable prior year loss reserve development, net of reinsurance.
- Q4 total net investment income was $3.96B vs. $3.20B in Q4 and $3.59B a year ago.
- Q4 General Insurance net premiums written of $5.56B fell 5% Y/Y.
- Q4 General Insurance combined ratio of 102.8 vs. 107.2 in Q3 and 99.8 in Q4 2019; accident-year combined ratio, as adjusted, was 92.9 vs. 93.3 in Q3 and 95.8 in the year-ago quarter.
- Q4 General Insurance adjusted pretax income of $809M vs. $416M in Q3 and $778M in Q4 2019.
- Q4 Life and Retirement adjusted pretax income of $1.03B vs. $975M in Q3 and $858M a year ago.
- Adjusted book value per common share of $57.01 at Dec. 31, 2020 vs. $56.78 at Sept. 30.
- Q4 adjusted return on common equity was 6.7% vs. 5.7% a year ago.
- Conference call on Feb. 17 at 8:30 AM.
- Previously (Feb. 16): American International Group EPS beats by $0.01