American International Group (AIG) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter a year earlier. The sequential improvement reversed a decline seen in the preceding period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter a year earlier. The sequential improvement reversed a decline seen in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$28B
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, 2023 | $7.4B | -45.6% |
| Sep 30, 2023 | $7.3B | -48.1% |
| Dec 31, 2023 | $6.5B | +151.8% |
| Mar 31, 2024 | $6.8B | +0.8% |
Revenue performance
The reported revenue moved higher from the immediately preceding quarter, marking a positive sequential change. This follows a quarter that had shown a significant sequential decline.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was modestly higher. The trailing twelve-month revenue figure provides context for the annualized performance.
What to watch
The sequential revenue improvement should be monitored for sustainability given the prior quarter's sharp decline.