American International Group (AIG) FY2023 results: revenue $27.9 billion, down 6.9% on the year
American International Group, Inc. (AIG) reported revenue of $27.9 billion for fiscal 2023, the year ended 31 December 2023, down 6.9% on the year before. Net income was $3.6 billion, down 64.4%, and diluted earnings per share $4.98. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$27.9 billion
-6.9% on the year
FY2016FY2023
Operating margin
10.3%
12.6% a year earlier
FY2016FY2023
Net income
$3.6 billion
-64.4% on the year
FY2016FY2023
Diluted EPS
$4.98
-61.5% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
6,243
4,134
6,223
+51.0%
Capital expenditure
240
210
343
+14.3%
Free cash flow
6,003
3,924
5,880
+53.0%
Free cash flow margin
21.5%
13.1%
11.3%
Cash from investing
-7,021
-3,626
-3,280
Cash from financing
782
-602
-3,679
Depreciation and amortisation
3,841
3,861
4,542
-0.5%
Share-based compensation
199
288
278
-30.9%
Buybacks
2,961
5,200
2,592
-43.1%
Dividends paid
997
982
1,083
+1.5%
Dividend per share
$1.40
$1.28
$0.32
+9.4%
Diluted shares, weighted
725m
788m
865m
-8.0%
Shares outstanding at period end
689m
734m
819m
-6.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
45,351
40,970
65,956
+10.7%
Non-controlling interest
5,950
2,484
2,956
+139.5%
Debt
22,387
27,179
30,163
-17.6%
Other liabilities
465,618
451,595
497,037
+3.1%
Total liabilities and equity
539,306
522,228
596,112
+3.3%
Fixed assets
1,132
1,153
1,840
-1.8%
Goodwill
3,422
3,751
4,056
-8.8%
Intangible assets
n/a
n/a
300
Securities held for sale or to maturity
65,242
226,156
277,202
-71.2%
Loans
4,441
49,605
46,048
-91.0%
Trading assets
n/a
n/a
7,017
Cash and equivalents
1,573
1,571
2,427
+0.1%
Other assets
463,496
239,992
257,222
+93.1%
Total assets
539,306
522,228
596,112
+3.3%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.