AIG's First Quarter Financial Performance

American International Group Inc. (AIG) has reported a significant 41% decline in net income attributable to common shareholders for the first quarter of fiscal 2025, amounting to $698 million. Despite this downturn, the company saw a 2.6% increase in net income per diluted share, reaching $1.16, compared to the same period in 2024.

Investment Income and Strategic Moves

Highlighting a silver lining, AIG's net investment income rose by 12.8% to $1.1 billion. Chairman and CEO Peter Zaffino emphasized the company's resilience, attributing the strong results to effective underwriting expertise and strategic reinsurance use, despite a challenging quarter marked by elevated catastrophe losses for the industry.

Market Reaction

Following the earnings report, AIG's stock remained stable, trading at $80.82 per share at 4:50 pm ET, indicating investor confidence in the company's strategic direction and future prospects.