AMERICAN INTERNATIONAL GROUP INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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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.
Jun 30, 2024 · Filed Aug 1, 2024
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Business Segment Operations
Our business operations consist of General Insurance and Other Operations.
General Insurance consists of two operating segments: North America and International. Other Operations is primarily comprised of corporate 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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (in millions) | 2024 | 2023 | 2024 | 2023 |
| General Insurance | ||||
| North America - Underwriting income | $163 | $352 | $387 | $651 |
| International - Underwriting income | 267 | 242 | 639 | 445 |
| Net investment income | 746 | 725 | 1,508 | 1,471 |
| General Insurance | 1,176 | 1,319 | 2,534 | 2,567 |
| Other Operations | ||||
| Other Operations before consolidation and eliminations | (158) | (270) | (355) | (544) |
| Consolidation and eliminations | — | (8) | (1) | (13) |
| Other Operations | (158) | (278) | (356) | (557) |
| Adjusted pre-tax income | $1,018 | $1,041 | $2,178 | $2,010 |
| 72 | AIG | Second Quarter 2024 Form 10-Q |
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