Statutory Financial Data and Restrictions (Tables)

12 Months Ended

Dec. 31, 2022

Statutory Accounting Practices Disclosure

The following table presents statutory net income (loss) and capital and surplus for our General Insurance companies and our Life and Retirement companies in accordance with statutory accounting practices:


(in millions)		2022		2021		2020
Years Ended December 31,
Statutory net income (loss)(a)(b):
General Insurance companies:
Domestic	$	2,272	$	2,649	$	1,044
Foreign		1,047		1,573		797
Total General Insurance companies	$	3,319	$	4,222	$	1,841
Life and Retirement companies:
Domestic	$	3,091	$	2,588	$	482
Foreign		5		5		11
Total Life and Retirement companies	$	3,096	$	2,593	$	493
At December 31,
Statutory capital and surplus(a)(b):
General Insurance companies:
Domestic	$	19,563	$	19,385
Foreign		13,913		15,567
Total General Insurance companies	$	33,476	$	34,952
Life and Retirement companies:
Domestic	$	12,229	$	12,471
Foreign		486		629
Total Life and Retirement companies	$	12,715	$	13,100
Aggregate minimum required statutory capital and surplus:
General Insurance companies:
Domestic	$	3,680	$	3,897
Foreign		7,314		8,051
Total General Insurance companies	$	10,994	$	11,948
Life and Retirement companies:
Domestic	$	4,057	$	3,903
Foreign		194		214
Total Life and Retirement companies	$	4,251	$	4,117

(a)Excludes discontinued operations and other divested businesses.

(b)The 2022 amounts reflect our best estimate of the statutory net income, capital and surplus as of the date of AIG’s Form 10-K filing. In aggregate, the 2021 General Insurance companies and Life and Retirement companies statutory net income decreased by $99 million and the 2021 General Insurance companies and Life and Retirement companies statutory capital and surplus increased by $136 million, compared to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 2021, due to finalization of statutory filings and revision of prior period numbers.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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