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Equity (Tables)
 6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Dividends
The following table presents declaration date, record date, payment date and dividends paid per preferred share and per depository share on the Series A Preferred Stock in the six months ended June 30, 2022 and 2021:
Dividends Paid
Declaration DateRecord DatePayment DatePer Preferred SharePer Depositary Share
May 3, 2022May 31, 2022June 15, 2022$365.625 $0.365625 
February 16, 2022February 28, 2022March 15, 2022365.625 0.365625 
May 6, 2021May 31, 2021June 15, 2021$365.625 $0.365625 
February 16, 2021February 26, 2021March 15, 2021365.625 0.365625 
The following table presents declaration date, record date, payment date and dividends paid per common share on AIG Common Stock in the six months ended June 30, 2022 and 2021:
Declaration DateRecord DatePayment DateDividends Paid
Per Common Share
May 3, 2022June 16, 2022June 30, 2022$0.32 
February 16, 2022March 17, 2022March 31, 20220.32 
May 6, 2021June 15, 2021June 29, 2021$0.32 
February 16, 2021March 16, 2021March 30, 20210.32 
Schedule of Outstanding Common Stock
The following table presents a rollforward of outstanding shares:
Six Months Ended June 30, 2022Common
Stock Issued		Treasury
Stock		Common Stock Outstanding
Shares, beginning of year1,906,671,492 (1,087,984,129)818,687,363 
Shares issued— 5,126,759 5,126,759 
Shares repurchased— (52,542,606)(52,542,606)
Shares, end of period1,906,671,492 (1,135,399,976)771,271,516 
Repurchases of AIG Common Stock
The following table presents repurchases of AIG Common Stock:
Six Months Ended June 30,
(in millions)20222021
Aggregate repurchases of common stock*
$3,102 $592 
Total number of common shares repurchased53 13 
*For the six months ended June 30, 2021, approximately $92 million of these share repurchases were funded with proceeds received from warrant exercises that occurred prior to the expiration of warrants to purchase shares of AIG Common Stock on January 19, 2021.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents a rollforward of Accumulated other comprehensive income (loss):
(in millions)Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for
Credit Losses Was Taken		Unrealized Appreciation (Depreciation) of All Other InvestmentsForeign Currency Translation AdjustmentsRetirement Plan Liabilities AdjustmentFair Value of Liabilities Under Fair Value Option Attributable to Changes in
Own Credit Risk		Total
Balance, March 31, 2022, net of tax$(97)$(2,437)$(2,478)$(894)$6 $(5,900)
Change in unrealized appreciation (depreciation) of investments
45 (17,949)— — — (17,904)
Change in deferred policy acquisition costs adjustment and other
4 2,517 — — — 2,521 
Change in future policy benefits
— 942 — — — 942 
Change in foreign currency translation adjustments
— — (204)— — (204)
Change in net actuarial loss
— — — 5 — 5 
Change in prior service cost
— — — 4 — 4 
Change in deferred tax asset (liability)
(9)1,952 (77)7 — 1,873 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk
— — — — (4)(4)
Total other comprehensive income (loss)40 (12,538)(281)16 (4)(12,767)
Noncontrolling interests4 (1,003)(12)— — (1,011)
Balance, June 30, 2022, net of tax$(61)$(13,972)$(2,747)$(878)$2 $(17,656)
Balance, March 31, 2021, net of tax$(62)$9,894 $(2,142)$(1,231)$7 $6,466 
Change in unrealized appreciation (depreciation) of investments
10 5,836 — — — 5,846 
Change in deferred policy acquisition costs adjustment and other
(2)(691)— — — (693)
Change in future policy benefits
— (378)— — — (378)
Change in foreign currency translation adjustments
— — 25 — — 25 
Change in net actuarial loss
— — — 12 — 12 
Change in prior service cost
— — — 2 — 2 
Change in deferred tax asset (liability)
(4)(1,057)(11)— — (1,072)
Change in fair value of liabilities under fair value option attributable to changes in own credit risk
— — — — — — 
Total other comprehensive income4 3,710 14 14 — 3,742 
Noncontrolling interests— (1)— — — (1)
Balance, June 30, 2021, net of tax$(58)$13,605 $(2,128)$(1,217)$7 $10,209 
(in millions)Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for
Credit Losses Was Taken		Unrealized Appreciation (Depreciation) of All Other InvestmentsForeign Currency Translation AdjustmentsRetirement
Plan
Liabilities Adjustment		Fair Value of Liabilities Under Fair Value Option Attributable to Changes in
Own Credit Risk		Total
Balance, December 31, 2021, net of tax$(57)$10,094 $(2,453)$(903)$6 $6,687 
Change in unrealized appreciation (depreciation) of investments(12)(38,059)— — — (38,071)
Change in deferred policy acquisition costs adjustment and other4 5,332 — — — 5,336 
Change in future policy benefits— 2,125 — — — 2,125 
Change in foreign currency translation adjustments— — (205)— — (205)
Change in net actuarial loss— — — 16 — 16 
Change in prior service cost— — — 5 — 5 
Change in deferred tax asset (liability)3 4,457 (81)4 — 4,383 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk
— — — — (4)(4)
Total other comprehensive income (loss)(5)(26,145)(286)25 (4)(26,415)
Noncontrolling interests(1)(2,079)8 — — (2,072)
Balance, June 30, 2022, net of tax$(61)$(13,972)$(2,747)$(878)$2 $(17,656)
Balance, December 31, 2020, net of tax$(95)$17,093 $(2,267)$(1,228)$8 $13,511 
Change in unrealized appreciation (depreciation) of investments51 (5,854)— — — (5,803)
Change in deferred policy acquisition costs adjustment and other(4)702 — — — 698 
Change in future policy benefits— 767 — — — 767 
Change in foreign currency translation adjustments— — 195 — — 195 
Change in net actuarial loss— — — 11 — 11 
Change in prior service cost— — — 4 — 4 
Change in deferred tax asset (liability)(10)896 (56)(4)— 826 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk— — — — (1)(1)
Total other comprehensive income (loss)37 (3,489)139 11 (1)(3,303)
Noncontrolling interests— (1)— — — (1)
Balance, June 30, 2021, net of tax$(58)$13,605 $(2,128)$(1,217)$7 $10,209 
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments
The following table presents the other comprehensive income (loss) reclassification adjustments for the three- and six-month periods ended June 30, 2022 and 2021, respectively:
(in millions)Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for
Credit Losses Was Taken		Unrealized Appreciation (Depreciation) of All Other InvestmentsForeign Currency Translation AdjustmentsRetirement Plan
 Liabilities Adjustment		Fair Value of Liabilities Under Fair Value Option Attributable to Changes in
Own Credit Risk		Total
Three Months Ended June 30, 2022
Unrealized change arising during period$41 $(15,086)$(204)$2 $(4)$(15,251)
Less: Reclassification adjustments included in net income(8)(596)— (7)— (611)
Total other comprehensive income (loss), before income tax expense (benefit)49 (14,490)(204)9 (4)(14,640)
Less: Income tax expense (benefit)9 (1,952)77 (7)— (1,873)
Total other comprehensive income (loss), net of income tax expense (benefit)$40 $(12,538)$(281)$16 $(4)$(12,767)
Three Months Ended June 30, 2021
Unrealized change arising during period$4 $4,906 $25 $3 $— $4,938 
Less: Reclassification adjustments included in net income(4)139 — (11)— 124 
Total other comprehensive income (loss), before income tax expense (benefit)8 4,767 25 14 — 4,814 
Less: Income tax expense (benefit)4 1,057 11 — — 1,072 
Total other comprehensive income (loss), net of income tax expense (benefit)$4 $3,710 $14 $14 $— $3,742 
Six Months Ended June 30, 2022
Unrealized change arising during period$(16)$(31,337)$(205)$6 $(4)$(31,556)
Less: Reclassification adjustments included in net income(8)(735)— (15)— (758)
Total other comprehensive income (loss), before of income tax expense (benefit)(8)(30,602)(205)21 (4)(30,798)
Less: Income tax expense (benefit)(3)(4,457)81 (4)— (4,383)
Total other comprehensive income (loss), net of income tax expense (benefit)$(5)$(26,145)$(286)$25 $(4)$(26,415)
Six Months Ended June 30, 2021
Unrealized change arising during period$41 $(3,855)$195 $(8)$(1)$(3,628)
Less: Reclassification adjustments included in net income(6)530 — (23)— 501 
Total other comprehensive income (loss), before income tax expense (benefit)47 (4,385)195 15 (1)(4,129)
Less: Income tax expense (benefit)10 (896)56 4 — (826)
Total other comprehensive income (loss), net of income tax expense (benefit)$37 $(3,489)$139 $11 $(1)$(3,303)
The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Condensed Consolidated Statements of Income (Loss):
Amount Reclassified from AOCIAffected Line Item in the
Three Months Ended June 30,Condensed Consolidated
(in millions)20222021Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments$(8)$(4)Net realized gains (losses)
Total(8)(4)
Unrealized appreciation (depreciation) of all other investments
Investments(596)139 Net realized gains (losses)
Total(596)139 
Change in retirement plan liabilities adjustment
Prior-service credit— (1)*
Actuarial losses(7)(10)*
Total(7)(11)
Total reclassifications for the period$(611)$124 
Amount Reclassified from AOCIAffected Line Item in the
Six Months Ended June 30,Condensed Consolidated
(in millions)20222021Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments$(8)$(6)Net realized gains (losses)
Total(8)(6)
Unrealized appreciation (depreciation) of all other investments
Investments(735)530 Net realized gains (losses)
Total(735)530 
Change in retirement plan liabilities adjustment
Prior-service credit(1)(2)
Actuarial losses(14)(21)
Total(15)(23)
Total reclassifications for the period$(758)$501 
*These AOCI components are included in the computation of net periodic pension cost.