BD seriously said the frequency of cats had a limited impact on financial results. Only to him could almost $1 billion in cat losses in a single quarter be limited.
2020 3q profit down almost 60% from 2019 3q
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Okay... Happy with a 107 loss ratio? No, the board approved a large dividend and share buy backs to boost the stock. This does nothing to fix AIG, but it does wonders for executive bonus plans!
All,
Please stop complaining. The stock price is over 34 dollars. I assume Wall Street is happy with AIG earnings and will only get better as time goes on.
Two reasons. It is part of your compensation so not really a bonus for the common worker as they describe it.
Secondly, it allows upper management to give themselves disproportionate bonuses to make up for the stock that they are driving into the ground.
Here we go again with incorrect reinsurance purchases. A waste of money if you buy with the attachment point too high and have frequency!!
Expense are down. That is good news. Why do people at AIG get STI with a 107 combined???????
Pathetic. After 4 years GI is still bleeding money and these guys continue to say on the right path. Path to bankruptcy.
BD and PZ are the goats of the insurance industry. AIG is the laughing stock of the insurance world.
Whatever. Just don't mess with my STI!
Combined ratio of 107. Stop with the backing out of CAT losses to try to make the ratio look better, it’s embarrassing.