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S&P changes AIG outlook to positive
S&P said it revised its outlook for American International Group Inc. to positive from stable and affirmed its BBB+ ratings.
On Nov. 15, the agency published its revised criteria for analyzing insurers' risk-based capital.
“The positive outlook on AIG and its P/C subsidiaries reflects our expectation that AIG's underwriting performance will remain strong, with an adjusted combined ratio (adjusted by S&P to include a portion of corporate general operating expenses) of 92%-94% and return on revenue of at least 10%, in line with those of similarly rated players and further narrowing the performance gap with those of higher-rated peers,” S&P said in a press release.
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