Business Segments · Amortization expense
Life Insurance — Amortization expense
American International Group Life Insurance — Amortization expense increased by 3.9% to -$98.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 3.0%, from -$101.00M to -$98.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
How to read this metric
Increasing amortization expense often correlates with a larger book of business, but can also reflect changes in policy persistency assumptions.
Detailed definition
The periodic charge recognized in the income statement to expense deferred acquisition costs and other intangible assets...
Peer comparison
Standard operating expense item for all insurance companies with significant acquisition costs.
Metric ID:
aig_segment_life_insurance_amortization_expenseHistorical Data
6 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | -$106.00M | -$104.00M | -$101.00M | -$99.00M | -$102.00M | -$98.00M |
| QoQ Change | — | +1.9% | +2.9% | +2.0% | -3.0% | +3.9% |
| YoY Change | — | — | — | +6.6% | +1.9% | +3.0% |
Range-$106.00M – -$98.00M
CAGR-6.1%
Avg YoY Growth+3.8%
Median YoY Growth+3.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is American International Group's life insurance — amortization expense?
- American International Group (AIG) reported life insurance — amortization expense of -$98.00M in Q3 2023.
- How has American International Group's life insurance — amortization expense changed year-over-year?
- American International Group's life insurance — amortization expense increased by 3.0% year-over-year, from -$101.00M to -$98.00M.
- What does life insurance — amortization expense mean?
- The annual cost recognized from spreading out the initial expenses of acquiring insurance policies.