Revenue of AIG 2008-2023
The total revenue of U.S. insurance company, American International Group (AIG), fluctuated from 2008 to 2023. AIG generated a total revenue of nearly 46.8 billion U.S. dollars in 2023 - a decrease of around eight billion U.S. dollars from the previous year.Â
AIG: background info
American International Group was founded in 1919 and is headquartered in New York City. In terms of revenue, AIG is one of the top publicly traded companies in New York.
Reasons for declining revenues
AIG’s North American revenues have been fluctuating in recent years, while their revenues generated internationally have remained steadier. Industry experts believe that AIG is struggling, because their business is heavily focused on general insurance, their exposure to catastrophe loss in a time of frequent natural disasters and other market conditions. North America has been the region with the most consistently high insured losses due to natural disasters, such as Hurricane Harvey.
