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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $125 in 2024 and $162 in 2023 (amortized cost: 2024 - $255,067; 2023 - $253,035) [1] $ 232,487 $ 231,733
Other bond securities, at fair value (See Note 6) [1] 5,403 5,241
Equity securities, at fair value (See Note 6) [1] 797 728
Mortgage and other loans receivable, net of allowance for credit losses of $38,501 in 2024 and $38,473 in 2023 [1] 52,475 51,553
Other invested assets (portion measured at fair value: 2024 - $11,510; 2023 - $11,733) [1] 15,977 16,217
Short-term investments, including restricted cash of $4 in 2024 and $4 in 2023 (portion measured at fair value: 2024 - $8,487; 2023 - $10,772) [1] 15,077 17,200
Total investments 322,216 322,672
Cash [1] 1,816 2,155
Accrued investment income [1] 2,698 2,588
Premiums and other receivables, net of allowance for credit losses and disputes of $134 in 2024 and $139 in 2023 11,293 10,561
Deferred income taxes 14,376 14,445
Deferred policy acquisition costs 12,111 12,085
Market risk benefit assets, at fair value 1,172 912
Other assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023, including restricted cash of $43 in 2024 and $45 in 2023 (portion measured at fair value: 2024 - $705; 2023 - $754) [1] 12,313 13,089
Separate account assets, at fair value 95,173 91,005
Assets held for sale 2,388 2,268
Total assets 544,121 539,306
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023 70,060 70,393
Unearned premiums 17,831 17,387
Future policy benefits for life and accident and health insurance contracts 58,985 58,576
Policyholder contract deposits (portion measured at fair value: 2024 - $8,613; 2023 - $7,997) 163,698 161,979
Market risk benefit liabilities, at fair value 5,167 5,705
Other policyholder funds 3,315 3,356
Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $(1,364); 2023 - $(1,226)) 28,789 29,484
Other liabilities (portion measured at fair value: 2024 - $493; 2023 - $624) [1] 28,245 25,958
Separate account liabilities 95,173 91,005
Liabilities held for sale 1,813 1,775
Total liabilities 495,011 488,005
Contingencies, commitments and guarantees (See Note 15)
AIG shareholders’ equity:    
Series A non-cumulative preferred stock and additional paid in capital, $5.00 par value; 100,000,000 shares authorized; shares issued: 2024 - 0 and 2023 - 20,000; liquidation preference $500 0 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2024 - 1,906,671,492 and 2023 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2024 - 1,235,652,452 shares; 2023 - 1,217,831,721 shares of common stock (60,603) (59,189)
Additional paid-in capital 75,625 75,810
Retained earnings 38,466 37,516
Accumulated other comprehensive loss (14,869) (14,037)
Total AIG shareholders’ equity 43,385 45,351
Non-redeemable noncontrolling interests 5,725 5,950
Total equity 49,110 51,301
Total liabilities and equity 544,121 539,306
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Short-term and long-term debt 19,318 19,796
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary    
Liabilities:    
Short-term and long-term debt [1] 2,617 2,591
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 29,732 30,612
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes $ 38,833 $ 36,914
[1] See Note 10 for details of balances associated with variable interest entities.