American International Group (AIG) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease from the preceding quarter was modest, while the drop from the year-ago period was more pronounced.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease from the preceding quarter was modest, while the drop from the year-ago period was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.6B
Revenue reported for this quarter.
Quarter-over-quarter
-3.0%
Change from the immediately preceding quarter.
Year-over-year
-11.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.1B
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 |
|---|---|---|
| Sep 30, 2023 | $7.3B | -48.1% |
| Dec 31, 2023 | $6.5B | +151.8% |
| Mar 31, 2024 | $6.8B | +0.8% |
| Jun 30, 2024 | $6.6B | -11.8% |
Revenue performance
The reported revenue moved lower, reflecting a sequential decline from the immediately preceding quarter. The year-over-year comparison also showed a decrease.
Quarterly comparison
Compared with the prior quarter, revenue was slightly lower. Relative to the same quarter one year earlier, the decline was larger, indicating a weaker performance in the current period.
What to watch
The year-over-year revenue decline warrants attention, as it represents a more significant contraction than the sequential change.