AIG swings to $3.33bn yearly profit on back of big turnaround in general insurance

Brian Duperreault, chief executive officer, AIG

AIG saw net income swing back to an impressive $3.33bn last year from a $6m loss in 2018, as it turned around problems in general insurance, which delivered pre-tax profit of $3.53bn in 2019 from a loss of $469m in the prior 12 months. AIG said the improvement in its annual results was primarily due to the favourable impact of…

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