AMERICAN INTERNATIONAL GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Business Segment Operations
Our business operations consist of General Insurance, Life and Retirement and Other Operations.
General Insurance consists of two operating segments: North America and International. Life and Retirement consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. Other Operations is primarily comprised of corporate, our institutional asset management business and consolidation and eliminations.
The following table summarizes Adjusted pre-tax income (loss) from our business segment operations. See also Note 3 to the Condensed Consolidated Financial Statements.
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| General Insurance | ||
| North America - Underwriting income | $224 | $299 |
| International - Underwriting income | 372 | 203 |
| Net investment income | 762 | 746 |
| General Insurance | 1,358 | 1,248 |
| Life and Retirement | ||
| Individual Retirement | 622 | 533 |
| Group Retirement | 199 | 187 |
| Life Insurance | 58 | 82 |
| Institutional Markets | 112 | 84 |
| Life and Retirement | 991 | 886 |
| Other Operations | ||
| Other Operations before consolidation and eliminations | (438) | (434) |
| Consolidation and eliminations | 30 | (57) |
| Other Operations | (408) | (491) |
| Adjusted pre-tax income | $1,941 | $1,643 |
| 80 | AIG | First Quarter 2024 Form 10-Q |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.