AIG 2016 Review: How Did The P&C Insurance Division Perform?
AIG (NYSE:AIG) ranks among the top ten Property & Casualty (P&C) insurers in the U.S., with a market share of 3.23% in terms of premiums earned. In the first nine months of 2016, the P&C division’s overall revenues declined by 18% y-o-y to $13.2 billion and pre-tax segment operating income declined by 23% to $2.3 billion owing to weak performance in North America. 
- Up 14% In The Last Twelve Months, What To Expect From American International Group Stock In Q4?
- Up 9% In The Last One Month, Where Is American International Group Stock Headed?
- American International Group Stock Is Undervalued
- American International Group’s Stock Is Trading Below Its Intrinsic Value
- American International Group Stock To Post Mixed Results In Q4
- Forecast Of The Day: AIG’s International Net Premiums Earned
The accident year combined ratio – the ratio of claims and expenses paid to premiums earned – improved from 94.6% in the first nine months of 2015 to 91.2% in the same period last year, driven by an improved accident year loss ratio in the Casualty business, reflecting the non-renewal of certain under-performing classes of business, and lower severe losses in the Property business. The table below provides an overview of the results.
Please refer to our complete analysis for AIG
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