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AIG expects up to $3.1B in pretax Q3 catastrophe losses

American International Group Inc. expects to report third-quarter pretax catastrophe losses, net of reinsurance, of $2.9 billion to $3.1 billion, or $1.9 billion to $2.0 billion after tax.

The amount consists of pretax estimated losses of $1.1 billion to $1.2 billion from Hurricane Harvey, $1.0 billion to $1.1 billion from Hurricane Irma, $600 million to $700 million from Hurricane Maria, and about $150 million in additional catastrophe losses including from the earthquakes in Mexico.

The company noted that its actual losses could differ materially from its preliminary estimates.