American International Group (AIG) reported its financial results for Q3 2024, showing a significant decline in net income attributable to common shareholders. The company’s net income dropped to $459 million, down from $2.02 billion in the same quarter last year, primarily due to changes in accounting related to the deconsolidation of Corebridge Financial. AIG’s net investment income increased to $973 million from $856 million year-over-year, and it returned approximately $1.8 billion to shareholders through stock repurchases and dividends. CEO Peter Zaffino highlighted strong profitability and growth within AIG’s commercial business during the quarter.
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