American International Group Inc. revealed on Tuesday in a press release that its net income attributable to common shareholders in the fourth quarter of fiscal 2024 came in at $898 million, soaring from $86 million recorded in the same timeframe in 2023.
In the three months ending December 31, year over year, net income per diluted share attributable to AIG common shareholders skyrocketed 1090% to stand at $1.43, while net investment income climbed 44%, reaching $1.3 billion.
"2024 was an outstanding year of accomplishments for AIG in which we successfully executed multiple complex strategic and operational priorities, delivered outstanding financial results and created exceptional value for our clients and stakeholders. We strengthened the company's capital structure, improved our financial performance, and achieved a historic milestone with the deconsolidation of Corebridge Financial, which enabled us to organize our business into three distinct operating segments," CEO Peter Zaffino noted. AIG shares added 1.12% in after-hours trading to sell for $75.93 apiece.
