Annuities Help Boost AIG To 2Q Surprise
August 10, 2021 by Steve Morelli
The American International Group reported a strong second quarter for its life and retirement group as it plans to spin off that division into its own entity with Blackstone as a minority owner in an initial public offering in the first quarter of 2022.
AIG’s life and retirement unit saw pretax income of $1.1 billion, up 26% over the second quarter of 2020, which had slammed the company with early COVID-19 effects.
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Originally Posted at InsuranceNewsNet on August 6, 2021 by Steve Morelli.
Categories: Industry Articles