Market Security & Analysis: AIG Group Update
On August 8, 2022, American International Group, Inc. (NYSE: AIG) reported financial results for the first half of 2022 (1H2022), which included net income of $8.0 billion and ROE of 27.8%. This compares to $4.1 billion and 12.2% in the prior year period (1H2021), respectively. Results were positively impacted by $6.1 billion of realized gains from the Fortitude Re funds withheld embedded derivative and improved underwriting in the General Insurance segment.