AIG’s Q3 general insurance (GI) combined ratio (CoR) rose 2.4 points to 92.6% on a comparable basis, adjusting for the divestiture of Validus Re, on slightly higher catastrophe losses and lower favorable reserve development.
The
AIG Q3 GI CoR ticks up to 92.6% on higher cats, lower reserve releases
The carrier reported a “large closeout transaction” that benefited the CoR but created a 0.7-point headwind for the loss ratio.