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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $40 in 2024 and $34 in 2023 (amortized cost: 2024 - $67,364; 2023 - $68,119) [1] $ 65,980 $ 65,242
Other bond securities, at fair value (See Note 6) 763 663
Equity securities, at fair value (See Note 6) 767 665
Mortgage and other loans receivable, net of allowance for credit losses of $37,803 in 2024 and $37,776 in 2023 [1] 4,286 4,441
Other invested assets (portion measured at fair value: 2024 - $11,780; 2023 - $4,175) 14,440 6,368
Short-term investments, including restricted cash of $72 in 2024 and $1 in 2023 (portion measured at fair value: 2024 - $8,822; 2023 - $9,363) [1] 11,848 12,865
Total investments 98,084 90,244
Cash 1,472 1,540
Accrued investment income [1] 581 580
Premiums and other receivables, net of allowance for credit losses and disputes of $133 in 2024 and $138 in 2023 11,196 9,967
Deferred income tax assets 5,278 6,186
Deferred policy acquisition costs 2,191 2,117
Goodwill 3,453 3,422
Deposit accounting assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023 2,185 1,915
Other assets, including restricted cash of $15 in 2024 and $32 in 2023 (portion measured at fair value: 2024 - $215; 2023 - $374) [1] 4,553 5,425
Total assets 169,449 539,306
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023 71,066 70,393
Unearned premiums 18,926 17,375
Future policy benefits 1,471 1,467
Other policyholder funds 455 495
Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $0; 2023 - $(148)) 3,477 3,527
Premiums and other related payables 6,715 6,219
Deposit accounting liabilities 2,957 2,612
Commissions and premium taxes payable 1,520 1,351
Current and deferred income tax liabilities 422 347
Other liabilities (portion measured at fair value: 2024 - $268; 2023 - $482) 7,235 7,496
Total liabilities 124,376 488,005
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 - 1,276,381,562 shares; 2023 - 1,217,831,721 shares of common stock (63,744) (59,189)
Additional paid-in capital 75,310 75,810
Retained earnings 34,429 37,516
Accumulated other comprehensive loss (5,722) (14,037)
Total AIG shareholders’ equity 45,039 45,351
Non-redeemable noncontrolling interests 34 5,950
Total equity 45,073 51,301
Total liabilities and equity 169,449 539,306
Held-for-Sale    
Fixed maturity securities:    
Assets held for sale and assets of discontinued operations 137 30
Liabilities:    
Liabilities held for sale and liabilities of discontinued operations 78 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 9,892 10,375
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary    
Liabilities:    
Long-term debt [1] 162 231
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 3,529 3,839
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes $ 36,790 $ 35,293
[1] See Note 10 for details of balances associated with variable interest entities.