AIG Europe moves back into profit


AIG Europe (AEL) made a pre-tax profit of £59.5m for the 12 months to 30 November 2018, according to a statement about its financial result.

This represents a vast improvement on the losses of £431.5m the previous year.

The combined operating ratio (COR) also improved more than 10% from 114.6% in 2017 to 103.4%.

The business also saw net written premium fall from £3.91bn to £3.78bn.

AIG detailed that this change reflected a “decision to focus on core areas of growth. Financial Lines

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: