AIG achieves strong Q1

American International Group (AIG), a BSCC Patron member, last month reported improved net investment income in each of its segments as the total net investment income delivered 46% YoY growth to a value of $3.7bn. Figures from the Quarter also revealed cash levels of $2.8bn (down 1.1% YoY) with the value of assets remaining consistent at $584.4bn (down 0.4% YoY) during what has been a globally challenging period.

Overall, AIG maintains a leading role in the industry with Q1 revenue of $10.6bn despite a 5.7% decline from the year previous. The American heavyweight repurchased shares totalling $362m during the quarter and a cash dividend of 32 cents per share was issued. To find out more click here.