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Stock impact report

AIG profit beats estimates on strong underwriting gains [Reuters]

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Reuters
The company - one of the world's biggest commercial insurers - said gross premiums written in its general insurance business rose 7% in the first three months of the year to $11.51 billion. The strong results come at a time when the insurance industry is facing hefty claims from the months-long war in Ukraine that has sparked wide-ranging sanctions. AIG, whose adjusted after-tax income attributable to the company's common shareholder jumped to $1.07 billion, said its performance was also underpinned by "focused risk selection." Reuters had reported last month that the company was considering cutting cover for Russia and Ukraine to shield itself from the risk of steep claims. read more AIG earned an adjusted profit of $1.30 per share, compared with average analyst expectation of $1.18 per share, according to Refinitiv IBES data. The company also benefited from a sharp narrowing of catastrophe losses in its general insurance unit, mirroring a trend seen at sector bellwether T Show less Read more
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