General Insurance — Deferred Policy Acquisition Costs, Amortization Expense
American International Group General Insurance — Deferred Policy Acquisition Costs, Amortization Expense increased by 195.9% to $828.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 180.1%, from -$1.03B to $828.00M. Over 2 years (FY 2021 to FY 2023), General Insurance — Deferred Policy Acquisition Costs, Amortization Expense shows relatively stable performance with a 2.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising amortization expense relative to premiums may indicate higher costs to maintain the existing book of business.
Detailed definition
This is the periodic expense recognized as the capitalized acquisition costs are systematically written off over the dur...
Peer comparison
Should track proportionally with the earned premium revenue of the segment.
aig_segment_general_insurance_deferred_policy_acquisition_costs_amortization_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$891.50M | -$891.50M | -$891.50M | -$893.00M | -$866.00M | -$909.00M | -$868.00M | -$1.03B | -$931.00M | -$919.00M | -$863.00M | $828.00M |
| QoQ Change | — | +0.0% | +0.0% | -0.2% | +3.0% | -5.0% | +4.5% | -19.1% | +10.0% | +1.3% | +6.1% | +195.9% |
| YoY Change | — | — | — | — | +2.9% | -2.0% | +2.6% | -15.8% | -7.5% | -1.1% | +0.6% | +180.1% |
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Frequently Asked Questions
- What is American International Group's general insurance — deferred policy acquisition costs, amortization expense?
- American International Group (AIG) reported general insurance — deferred policy acquisition costs, amortization expense of $828.00M in Q1 2024.
- How has American International Group's general insurance — deferred policy acquisition costs, amortization expense changed year-over-year?
- American International Group's general insurance — deferred policy acquisition costs, amortization expense increased by 180.1% year-over-year, from -$1.03B to $828.00M.
- What is the long-term trend for American International Group's general insurance — deferred policy acquisition costs, amortization expense?
- Over 2 years (2021 to 2023), American International Group's general insurance — deferred policy acquisition costs, amortization expense has grown at a 2.5% compound annual growth rate (CAGR), from -$3.57B to -$3.75B.
- What does general insurance — deferred policy acquisition costs, amortization expense mean?
- The regular expense recorded as the company writes off the costs of acquiring past policies.