Applies only to flat (planar) objects lying in the xy-plane. For any 2 perpendicular axes x, y in the plane of the object and a third axis z perpendicular to the plane:
Izz=Ixx+Iyy
The same holds for any other pair of in-plane perpendicular axes m, n sharing the same z:
Izz=Imm+Inn
If Ixx is at maximum, Iyy is at minimum (their sum is fixed).
Derivation
For a mass element dm at position (x,y):
Izz=∫r2dm=∫(x2+y2)dm=∫y2dm+∫x2dm=Ixx+Iyy
Example
Thin disk of radius R and mass M: Ixx=Iyy=4MR2 by symmetry.