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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $33 in 2024 and $34 in 2023 (amortized cost: 2024 - $65,326; 2023 - $68,119) [1] $ 62,333 $ 65,242
Other bond securities, at fair value (See Note 6) [1] 766 663
Equity securities, at fair value (See Note 6) [1] 688 665
Mortgage and other loans receivable, net of allowance for credit losses of $37,799 in 2024 and $37,776 in 2023 [1] 4,347 4,441
Other invested assets (portion measured at fair value: 2024 - $12,386; 2023 - $4,175) [1] 14,788 6,368
Short-term investments, including restricted cash of $3 in 2024 and $1 in 2023 (portion measured at fair value: 2024 - $8,137; 2023 - $9,363) [1] 12,563 12,865
Total investments 95,485 90,244
Cash [1] 1,381 1,540
Accrued investment income [1] 563 580
Premiums and other receivables, net of allowance for credit losses and disputes of $126 in 2024 and $138 in 2023 11,669 9,967
Deferred income tax assets 5,568 6,186
Deferred policy acquisition costs 2,123 2,117
Goodwill 3,407 3,422
Deposit accounting assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023 2,132 1,915
Other assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023, including restricted cash of $18 in 2024 and $32 in 2023 (portion measured at fair value: 2024 - $189; 2023 - $374) [1] 4,717 5,425
Total assets 167,890 539,306
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023 69,783 70,393
Unearned premiums 18,738 17,375
Future policy benefits for life and accident and health insurance contracts 1,355 1,467
Other policyholder funds 435 495
Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $(154); 2023 - $(148)) 3,364 3,527
Premiums and other related payables 7,729 6,219
Deposit accounting liabilities 2,782 2,612
Commissions and premium taxes payable 1,395 1,351
Current and deferred income tax liabilities 375 347
Other liabilities (portion measured at fair value: 2024 - $323; 2023 - $482) [1] 7,366 7,496
Total liabilities 123,415 488,005
Contingencies, commitments and guarantees (See Note 13)
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 - 1,256,808,687 shares; 2023 - 1,217,831,721 shares of common stock (62,255) (59,189)
Additional paid-in capital 75,274 75,810
Retained earnings 34,225 37,516
Accumulated other comprehensive loss (7,565) (14,037)
Total AIG shareholders’ equity 44,445 45,351
Non-redeemable noncontrolling interests 30 5,950
Total equity 44,475 51,301
Total liabilities and equity 167,890 539,306
Held-for-Sale    
Fixed maturity securities:    
Assets held for sale and assets of discontinued operations 185 30
Liabilities:    
Liabilities held for sale and liabilities of discontinued operations 153 28
Discontinued Operations    
Fixed maturity securities:    
Assets held for sale and assets of discontinued operations 0 378,748
Liabilities:    
Liabilities held for sale and liabilities of discontinued operations 0 366,089
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Long-term debt 9,861 10,375
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary    
Liabilities:    
Long-term debt [1] 79 231
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 3,592 3,839
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes $ 37,068 $ 35,293
[1] See Note 10 for details of balances associated with variable interest entities.