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Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Premiums $ 8,481 $ 7,120
Policy fees 698 730
Total net investment income 3,533 3,237
Total net realized gains (losses) (1,909) 3,579
Other income 181 278
Total revenues 10,984 14,944
Benefits, losses and expenses:    
Policyholder benefits and losses incurred (including remeasurement (gains) losses of $64 and $146 for the three months ended March 31, 2023 and 2022, respectively) 6,397 5,060
Change in the fair value of market risk benefits, net (196) 233
Interest credited to policyholder account balances 1,040 879
Amortization of deferred policy acquisition costs 1,293 1,137
General operating and other expenses 1,980 2,164
Interest expense 307 263
Net (gain) loss on divestitures and other 2 (40)
Total benefits, losses and expenses 11,215 9,230
Income (loss) from continuing operations before income tax expense (benefit) (231) 5,714
Income tax expense (benefit) (144) 1,154
Income (loss) from continuing operations (87) 4,560
Income from discontinued operations, net of income tax expense 0 0
Net income (loss) (87) 4,560
Less:    
Net income (loss) from continuing operations attributable to noncontrolling interests (117) 387
Net income (loss) attributable to AIG 30 4,173
Less: Dividends on preferred stock 7 7
Net income (loss) attributable to AIG common shareholders $ 23 $ 4,166
Basic:    
Income (loss) from continuing operations (in dollars per share) $ 0.03 $ 5.10
Income from discontinued operations (in dollars per share) 0 0
Net income (loss) attributable to AIG common shareholders (in dollars per share) 0.03 5.10
Diluted:    
Income (loss) from continuing operations (in dollars per share) 0.03 5.04
Income from discontinued operations (in dollars per share) 0 0
Net income attributable to AIG common shareholders (in dollars per share) $ 0.03 $ 5.04
Weighted average shares outstanding:    
Basic (in shares) 738,661,428 816,314,273
Diluted (in shares) 744,099,186 826,012,610
Excluding Fortitude Re Funds Withheld Assets    
Revenues:    
Total net investment income $ 3,087 $ 2,946
Total net realized gains (losses) (713) 401
Fortitude Re funds withheld assets    
Revenues:    
Total net investment income 446 291
Total net realized gains (losses) (31) (140)
Fortitude Re funds withheld embedded derivative    
Revenues:    
Total net realized gains (losses) $ (1,165) $ 3,318