AIG: net loss reached 5.973 billion USD in 2020

AIGAs at 31 December 2020, the American International Group (AIG) reported a net loss of 5.973 billion USD compared to a net profit of 3.326 billion USD in 2019.

The American insurer’s results are strongly impacted by the coronavirus and natural disasters’ losses.

On 31 December 2019, the gross written premiums reached 33.946 billion USD compared to 34.738 billion, thus degrading by 2.2%.

The combined ratio was set at 104.3% compared to 99.6% by late 2019.

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