AIG has achieved a positive second quarter with a net result of 1.1 billion USD, an increase of 17.4% compared to the same period of 2018. The combined non-life ratio was of 97.8%.
This profit increase was mainly accounted for by the recovery of the property damage insurance, which recorded its second consecutive profitable quarter in many years. The inclusion of the new acquisitions, validus and Glatfelter, also contributed to the results' improvement.
The net premiums in North America reached 3.3 billion USD, a rise of 2.2%. International premiums generated a net pre-tax profit of 262 million USD against 161 million USD for the same period in 2018.
Life and retirement insurance also reported a strong performance with 1 billion USD in profit.
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