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A Look at American International Group's 3Q17 Performance

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A Look at American International Group's 3Q17 Performance PART 1 OF 10

Why American International Group’s Revenue Fell in 3Q17

Fall in revenue

American International Group (AIG), which released its 3Q17 results earlier this month, saw its revenue fall 9% to $11.8 billion in 3Q17 from $12.9 billion in 3Q16.

Why American International Group&#8217;s Revenue Fell in 3Q17

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The fall in revenue was mainly due to the company’s other income falling. In 3Q17, the company reported other income of $466 million, compared with $609 million in 3Q16, reflecting a substantial fall of 23%.

Over the last 12 months, AIG has managed to generate a return on assets of -0.37%. Peers (XLF) Prudential Financial (PRU), Chubb Limited (CB), and Allstate (ALL) have returned 0.53%, 2.4%, and 2.5%, respectively.

Investment income falls

AIG’s net realized capital losses rose from $765 million in 3Q16 to $922 million in 3Q17, which impacted the company’s total revenue. Its premiums fell 6% to $8.1 billion in 3Q17 from $8.6 billion in 3Q16, and its policy fees rose 13% to $728 million in 3Q17 from $646 million in 3Q16. AIG’s net investment income fell 10% from $3.8 billion in 3Q16 to $3.4 billion in 3Q17.

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