Global Commercial NPW of the Group reached USD 3.2 billion (an increase of 8% y-o-y, or 10% on a comparable basis), driven by outstanding 14% growth in North America Commercial and 8% in International Commercial, supported by continued optimization of the reinsurance structure.
According to the report, Global Commercial new business reached USD 1.1 billion, growing 12% y-o-y. General Insurance combined ratio was 95.8%; accident year combined ratio, as adjusted of 87.8%, the best first quarter results since the financial crisis.
Returned approximately USD 2.5 billion of capital to shareholders, including USD 2.2 billion of share repurchases and USD 234 million of dividends in the first quarter. Quarterly common stock dividend increase of 12.5% was declared by the Board of Directors.
“We are off to an excellent start in 2025. Despite a challenging catastrophe quarter that produced elevated losses for the industry, AIG delivered very strong results. This outcome underscores the effectiveness of our technical underwriting expertise and strategic use of reinsurance, positioning us within our expectations for the remainder of the year. In addition, we reported AIG’s best first quarter accident year combined ratio, as adjusted, since the financial crisis, reflecting the exceptional quality of our underlying portfolio”, commented said Peter Zaffino, AIG Chairman & Chief Executive Officer.
Return on Equity (ROE) and Core Operating ROE were 6.7% and 7.7%, respectively, in the first quarter of 2025.
On May 1, 2025, the AIG Board of Directors declared a quarterly cash dividend on AIG common stock of USD 0.45 per share. The dividend is payable on June 27, 2025 to stockholders of record at the close of business on June 13, 2025, the company said.
Full report can be found here.
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