AIG reports large income fall for first half of 2016

peter-hancock-aig

But profits for second quarter slightly improved.

AIG has posted a dramatic fall in pre-tax operating income of $2.6bn (£1.9bn) for the first half of 2016 (H1 2015: $5.4bn), according to its financial results for the global business.

However its net income for the second quarter of the year was $1.9bn which is a small rise compared to $1.8bn in the same quarter last year.

In its personal lines division its pre-tax operating income increased from $70m in the second quarter of 2015 to $179m this year.

Commercial
However in its commercial property

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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