AIG rebounds from massive loss with $9.4bn profit, excellent top line growth

Global insurance conglomerate American International Group (AIG) has swung back to profit after suffering a significant loss of $6 billion at the same point last year. Not only that, the Peter Zaffino-led (pictured) company has improved underwriting profitability with top line growth and vastly reduced its volatility, while maintaining a liquidity of $10.7 billion at year-end 2021.