Business Segments · Deferred Policy Acquisition Cost Amortization Expense
General Insurance — Deferred Policy Acquisition Cost Amortization Expense
American International Group General Insurance — Deferred Policy Acquisition Cost Amortization Expense increased by 180.1% to $828.00M in Q1 2024 compared to the prior quarter.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
How to read this metric
An increase may reflect higher sales volume or changes in the mix of business, while a decrease could indicate lower new business production or changes in policy duration.
Detailed definition
This represents the systematic recognition of costs incurred to acquire new insurance contracts, such as commissions and...
Peer comparison
Standardized as DAC Amortization in GAAP financial statements for insurance companies.
Metric ID:
aig_segment_general_insurance_deferred_policy_acquisition_cost_amortization_expenseHistorical Data
3 periods
| Q1 '22 | Q1 '23 | Q1 '24 | |
|---|---|---|---|
| Value | -$893.00M | -$1.03B | $828.00M |
| QoQ Change | — | -15.8% | +180.1% |
| YoY Change | — | -15.8% | +180.1% |
Range-$1.03B – $828.00M
Avg YoY Growth+82.1%
Median YoY Growth+82.1%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is American International Group's general insurance — deferred policy acquisition cost amortization expense?
- American International Group (AIG) reported general insurance — deferred policy acquisition cost amortization expense of $828.00M in Q1 2024.
- What does general insurance — deferred policy acquisition cost amortization expense mean?
- The portion of insurance acquisition costs recognized as an expense during the current reporting period.