American International Group Inc. announced on Thursday that its net income attributable to common shareholders in the first quarter of its fiscal 2025 fell 41% to $698 million.
Net income per diluted share attributable to AIG common shareholders in the same quarter plunged 33% compared to the same quarter of 2024 and stood at $1.16, while net investment income advanced 12.8% to reach $1.1 billion.
"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," Chairman and CEO Peter Zaffino said.
After the report's release, the company's shares were flat and sold for $80.82 apiece at 4:50 pm ET.
