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Equity (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2022 and 2021:
Dividends Paid
Declaration DateRecord DatePayment DatePer Preferred SharePer Depositary Share
August 8, 2022August 31, 2022September 15, 2022$365.625 $0.365625 
May 3, 2022May 31, 2022June 15, 2022365.625 0.365625 
February 16, 2022February 28, 2022March 15, 2022365.625 0.365625 
August 5, 2021August 31, 2021September 15, 2021$365.625 $0.365625 
May 6, 2021May 31, 2021June 15, 2021365.625 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 nine months ended September 30, 2022 and 2021:
Declaration DateRecord DatePayment DateDividends Paid
Per Common Share
August 8, 2022September 16, 2022September 30, 2022$0.32 
May 3, 2022June 16, 2022June 30, 20220.32 
February 16, 2022March 17, 2022March 31, 20220.32 
August 5, 2021September 16, 2021September 30, 2021$0.32 
May 6, 2021June 15, 2021June 29, 20210.32 
February 16, 2021March 16, 2021March 30, 20210.32 
Schedule of Outstanding Common Stock
The following table presents a rollforward of outstanding shares:
Nine Months Ended September 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— 5,209,573 5,209,573 
Shares repurchased— (76,681,026)(76,681,026)
Shares, end of period1,906,671,492 (1,159,455,582)747,215,910 
Repurchases of AIG Common Stock
The following table presents repurchases of AIG Common Stock:
Nine Months Ended September 30,
(in millions)20222021
Aggregate repurchases of common stock*
$4,370 $1,651 
Total number of common shares repurchased77 32 
*For the nine months ended September 30, 2021, approximately $92 million of these share repurchases were funded with proceeds received from warrant exercises that occurred prior to the expiration of warrants to purchase shares of AIG Common Stock on January 19, 2021.
Schedule of Accumulated Other Comprehensive Income (Loss) The following table presents a rollforward of Accumulated other comprehensive income (loss):
(in millions)Unrealized Appreciation
(Depreciation) of Fixed
Maturity Securities on
Which Allowance for
Credit Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Fair Value of
Liabilities Under
Fair Value Option
Attributable to
Changes in
Own Credit Risk		Total
Balance, June 30, 2022, net of tax$(61)$(13,972)$(2,747)$(878)$2 $(17,656)
Change in unrealized appreciation (depreciation) of investments
(94)(12,040)— — — (12,134)
Change in deferred policy acquisition costs adjustment and other
2 1,391 — — — 1,393 
Change in future policy benefits
— 582 — — — 582 
Change in foreign currency translation adjustments
— — (589)— — (589)
Change in net actuarial loss
— — — 15 — 15 
Change in prior service cost
— — — 3 — 3 
Change in deferred tax asset (liability)
19 1,743 (2)(3)— 1,757 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk
— — — — — — 
Total other comprehensive income (loss)(73)(8,324)(591)15 — (8,973)
Other changes in AOCI:
Corebridge 12.4% noncontrolling interests sale
— 2,044 (3)(1)— 2,040 
Noncontrolling interests(6)(785)(5)— — (796)
Balance, September 30, 2022, net of tax$(128)$(19,467)$(3,336)$(864)$2 $(23,793)
Balance, June 30, 2021, net of tax$(58)$13,605 $(2,128)$(1,217)$7 $10,209 
Change in unrealized appreciation (depreciation) of investments
21 (2,086)— — — (2,065)
Change in deferred policy acquisition costs adjustment and other
(6)138 — — — 132 
Change in future policy benefits
— 72 — — — 72 
Change in foreign currency translation adjustments
— — (132)— — (132)
Change in net actuarial loss
— — — 40 — 40 
Change in prior service cost
— — — 1 — 1 
Change in deferred tax asset (liability)
(3)366 (3)(10)— 350 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk
— — — — — — 
Total other comprehensive income (loss)12 (1,510)(135)31 — (1,602)
Noncontrolling interests— 1 — — — 1 
Balance, September 30, 2021, net of tax$(46)$12,094 $(2,263)$(1,186)$7 $8,606 
(in millions)Unrealized Appreciation
(Depreciation) of Fixed
Maturity Securities on
Which Allowance for
Credit Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Fair Value of
Liabilities Under
Fair Value Option
Attributable to
Changes in
Own Credit Risk		Total
Balance, December 31, 2021, net of tax$(57)$10,094 $(2,453)$(903)$6 $6,687 
Change in unrealized appreciation (depreciation) of investments
(106)(50,099)— — — (50,205)
Change in deferred policy acquisition costs adjustment and other6 6,723 — — — 6,729 
Change in future policy benefits— 2,707 — — — 2,707 
Change in foreign currency translation adjustments— — (794)— — (794)
Change in net actuarial loss— — — 31 — 31 
Change in prior service cost— — — 8 — 8 
Change in deferred tax asset (liability)22 6,200 (83)1 — 6,140 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk— — — — (4)(4)
Total other comprehensive income (loss)(78)(34,469)(877)40 (4)(35,388)
Other changes in AOCI:
Corebridge 12.4% noncontrolling interests sale
— 2,044 (3)(1)— 2,040 
Noncontrolling interests(7)(2,864)3 — — (2,868)
Balance, September 30, 2022, net of tax$(128)$(19,467)$(3,336)$(864)$2 $(23,793)
(in millions)Unrealized Appreciation
(Depreciation) of Fixed
Maturity Securities on
Which Allowance for
Credit Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Fair Value of
Liabilities Under
Fair Value Option
Attributable to
Changes in
Own Credit Risk		Total
Balance, December 31, 2020, net of tax$(95)$17,093 $(2,267)$(1,228)$8 $13,511 
Change in unrealized appreciation (depreciation) of investments72 (7,940)— — — (7,868)
Change in deferred policy acquisition costs adjustment and other(10)840 — — — 830 
Change in future policy benefits— 839 — — — 839 
Change in foreign currency translation adjustments— — 63 — — 63 
Change in net actuarial loss— — — 51 — 51 
Change in prior service cost— — — 5 — 5 
Change in deferred tax asset (liability)(13)1,262 (59)(14)— 1,176 
Change in fair value of liabilities under fair value option attributable to changes in own credit risk— — — — (1)(1)
Total other comprehensive income (loss)49 (4,999)4 42 (1)(4,905)
Noncontrolling interests— — — — — — 
Balance, September 30, 2021, net of tax$(46)$12,094 $(2,263)$(1,186)$7 $8,606 
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments
The following table presents the other comprehensive income (loss) reclassification adjustments for the three- and nine-month periods ended September 30, 2022 and 2021, respectively:
(in millions)Unrealized Appreciation
(Depreciation) of Fixed
Maturity Securities on
Which Allowance for
Credit Losses Was Taken		Unrealized
Appreciation
(Depreciation)
of All Other
Investments		Foreign
Currency
Translation
Adjustments		Retirement
Plan
Liabilities
Adjustment		Fair Value of
Liabilities Under
Fair Value Option
Attributable to
Changes in
Own Credit Risk		Total
Three Months Ended September 30, 2022
Unrealized change arising during period$(75)$(10,215)$(589)$10 $— $(10,869)
Less: Reclassification adjustments included in net income17 (148)— (8)— (139)
Total other comprehensive income (loss), before income tax expense (benefit)(92)(10,067)(589)18 — (10,730)
Less: Income tax expense (benefit)(19)(1,743)2 3 — (1,757)
Total other comprehensive income (loss), net of income tax expense (benefit)$(73)$(8,324)$(591)$15 $— $(8,973)
Three Months Ended September 30, 2021
Unrealized change arising during period$21 $(1,657)$(132)$30 $— $(1,738)
Less: Reclassification adjustments included in net income6 219 — (11)— 214 
Total other comprehensive income (loss), before income tax expense (benefit)15 (1,876)(132)41 — (1,952)
Less: Income tax expense (benefit)3 (366)3 10 — (350)
Total other comprehensive income (loss), net of income tax expense (benefit)$12 $(1,510)$(135)$31 $— $(1,602)
Nine Months Ended September 30, 2022
Unrealized change arising during period$(91)$(41,552)$(794)$16 $(4)$(42,425)
Less: Reclassification adjustments included in net income9 (883)— (23)— (897)
Total other comprehensive income (loss), before of income tax expense (benefit)(100)(40,669)(794)39 (4)(41,528)
Less: Income tax expense (benefit)(22)(6,200)83 (1)— (6,140)
Total other comprehensive income (loss), net of income tax expense (benefit)$(78)$(34,469)$(877)$40 $(4)$(35,388)
Nine Months Ended September 30, 2021
Unrealized change arising during period$62 $(5,512)$63 $22 $(1)$(5,366)
Less: Reclassification adjustments included in net income— 749 — (34)— 715 
Total other comprehensive income (loss), before income tax expense (benefit)62 (6,261)63 56 (1)(6,081)
Less: Income tax expense (benefit)13 (1,262)59 14 — (1,176)
Total other comprehensive income (loss), net of income tax expense (benefit)$49 $(4,999)$4 $42 $(1)$(4,905)
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 September 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$17 $6 Net realized gains (losses)
Total17 6 
Unrealized appreciation (depreciation) of all other investments
Investments(148)219 Net realized gains (losses)
Total(148)219 
Change in retirement plan liabilities adjustment
Prior-service credit(1)(1)*
Actuarial losses(7)(10)*
Total(8)(11)
Total reclassifications for the period$(139)$214 
Amount Reclassified from AOCIAffected Line Item in the
Nine Months Ended September 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$9 $— Net realized gains (losses)
Total9 — 
Unrealized appreciation (depreciation) of all other investments
Investments(883)749 Net realized gains (losses)
Total(883)749 
Change in retirement plan liabilities adjustment
Prior-service credit(2)(3)
Actuarial losses(21)(31)
Total(23)(34)
Total reclassifications for the period$(897)$715 
*These AOCI components are included in the computation of net periodic pension cost.
Schedule of Noncontrolling Interest
The following table presents the effect of changes in our ownership interest in Corebridge on our equity as of September 19, 2022:
Nine Months Ended September 30,
(in millions)
2022
Net income attributable to AIG common shareholders$9,983 
Changes in AIG equity for sale of 12.4% interest in Corebridge
608 
Change from Net income attributable to AIG common shareholders and changes in AIG's ownership interests$10,591