American International Group (XSGO:AIG) Interest Expense : $-1,089 Mil (TTM As of Mar. 2024)

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What is American International Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American International Group's interest expense for the three months ended in Mar. 2024 was $ -260 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1,089 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. American International Group's Operating Income for the three months ended in Mar. 2024 was $ 2,311 Mil. American International Group's Interest Expense for the three months ended in Mar. 2024 was $ -260 Mil. American International Group's Interest Coverage for the quarter that ended in Mar. 2024 was 8.89. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American International Group Interest Expense Historical Data

The historical data trend for American International Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American International Group Interest Expense Chart

American International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,417.00

-1,457.00

-1,305.00

-1,125.00

-1,136.00

American International Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-307.00	-278.00	-280.00	-271.00	-260.00

American International Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,089 Mil.

American International Group (XSGO:AIG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American International Group's Interest Expense for the three months ended in Mar. 2024 was $-260 Mil. Its EBIT for the three months ended in Mar. 2024 was $2,311 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $21,685 Mil.

American International Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2311	/	-260
	=	8.89

The higher the ratio, the stronger the company's financial strength is.

American International Group (XSGO:AIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American International Group Inc (XSGO:AIG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AIGpA.PFD:USA AIG:USA AIG:Mexico AINNd:UK AINN:Germany AIGB34:Brazil AIG:Austria AIG:Argentina

Address

1271 Avenue of the Americas, New York, NY, USA, 10020

Website

https://www.aig.com

American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.