American International Group (AIG) Revenue — Quarter Ended Mar 31, 2023
Revenue increased sharply from the prior quarter, but declined significantly compared to the same quarter a year ago. The sequential improvement reversed a steep drop in the preceding period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased sharply from the prior quarter, but declined significantly compared to the same quarter a year ago. The sequential improvement reversed a steep drop in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.7B
Revenue reported for this quarter.
Quarter-over-quarter
+153.2%
Change from the immediately preceding quarter.
Year-over-year
-55.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $13.7B | +27.9% |
| Sep 30, 2022 | $14B | +9.1% |
| Dec 31, 2022 | -$12.6B | -188.9% |
| Mar 31, 2023 | $6.7B | -55.1% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a strong sequential rebound. However, the year-over-year comparison showed a substantial contraction.
Quarterly comparison
Compared to the prior quarter, revenue increased, recovering from a loss in the previous period. Relative to the same quarter one year earlier, revenue was lower, continuing a pattern of year-over-year decline.
What to watch
Monitor whether the sequential revenue recovery can be sustained in the coming quarters.