AIG Europe moves back into profit

profits

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.

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

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