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Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Premiums $ 7,832,000,000 $ 7,504,000,000 $ 22,458,000,000 $ 21,925,000,000
Policy fees 732,000,000 714,000,000 2,238,000,000 2,269,000,000
Total net investment income 2,668,000,000 3,715,000,000 8,509,000,000 11,047,000,000
Total net realized gains 3,175,000,000 660,000,000 10,986,000,000 1,984,000,000
Other income 195,000,000 242,000,000 660,000,000 745,000,000
Total revenues 14,602,000,000 12,835,000,000 44,851,000,000 37,970,000,000
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 6,187,000,000 5,959,000,000 16,565,000,000 17,182,000,000
Interest credited to policyholder account balances 951,000,000 923,000,000 2,738,000,000 2,663,000,000
Amortization of deferred policy acquisition costs 1,248,000,000 1,260,000,000 3,983,000,000 3,479,000,000
General operating and other expenses 2,093,000,000 2,240,000,000 6,497,000,000 6,546,000,000
Interest expense 282,000,000 328,000,000 811,000,000 1,008,000,000
Loss on extinguishment of debt 0 51,000,000 299,000,000 149,000,000
Net gain on divestitures (6,000,000) (102,000,000) (45,000,000) (108,000,000)
Total benefits, losses and expenses 10,755,000,000 10,659,000,000 30,848,000,000 30,919,000,000
Income from continuing operations before income tax expense 3,847,000,000 2,176,000,000 14,003,000,000 7,051,000,000
Income tax expense 806,000,000 439,000,000 2,913,000,000 1,234,000,000
Income from continuing operations 3,041,000,000 1,737,000,000 11,090,000,000 5,817,000,000
Income (loss) from discontinued operations, net of income tax expense 0 0 (1,000,000) 0
Net income 3,041,000,000 1,737,000,000 11,089,000,000 5,817,000,000
Less:        
Net income from continuing operations attributable to noncontrolling interests 332,000,000 70,000,000 1,084,000,000 175,000,000
Net income attributable to AIG 2,709,000,000 1,667,000,000 10,005,000,000 5,642,000,000
Less: Dividends on preferred stock 7,000,000 7,000,000 22,000,000 22,000,000
Net income attributable to AIG common shareholders $ 2,702,000,000 $ 1,660,000,000 $ 9,983,000,000 $ 5,620,000,000
Basic:        
Income from continuing operations (in dollars per share) $ 3.54 $ 1.95 $ 12.64 $ 6.53
Income from discontinued operations (in dollars per share) 0 0 0 0
Net income attributable to AIG common shareholders (in dollars per share) 3.54 1.95 12.64 6.53
Diluted:        
Income from continuing operations (in dollars per share) 3.50 1.92 12.49 6.45
Income from discontinued operations (in dollars per share) 0 0 0 0
Net income attributable to AIG common shareholders (in dollars per share) $ 3.50 $ 1.92 $ 12.49 $ 6.45
Weighted average shares outstanding:        
Basic (in shares) 763,051,482 852,765,263 789,888,322 861,211,983
Diluted (in shares) 771,132,401 864,019,494 799,092,556 871,002,018
Excluding Fortitude Re Funds Withheld Assets        
Revenues:        
Total net investment income $ 2,513,000,000 $ 3,220,000,000 $ 7,875,000,000 $ 9,559,000,000
Total net realized gains 1,504,000,000 679,000,000 3,447,000,000 1,331,000,000
Fortitude Re funds withheld assets        
Revenues:        
Total net investment income 155,000,000 495,000,000 634,000,000 1,488,000,000
Total net realized gains (86,000,000) 190,000,000 (312,000,000) 536,000,000
Fortitude Re funds withheld embedded derivative        
Revenues:        
Total net realized gains $ 1,757,000,000 $ (209,000,000) $ 7,851,000,000 $ 117,000,000