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Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Bonds available for sale, allowance for credit losses $ 40 $ 34
Bonds available for sale, amortized cost 67,364 68,119
Mortgage and other loans receivable, allowance for credit losses 37,803 37,776
Other investments 14,440 6,368
Short-term investments [1] 11,848 12,865
Premiums and other receivables, allowance for credit losses and disputes 133 138
Deposit accounting assets, allowance for credit loss 49 49
Other assets [1] 4,553 5,425
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses 14 14
Fortitude Re funds withheld payable, portion measured at fair value $ (3,477) $ (3,527)
AIG shareholders’ equity:    
Preferred stock, par value (in dollars per share) $ 5.00 $ 5.00
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Preferred stock, shares issued (in shares) 0 20,000
Preferred stock liquidation preference $ 500 $ 500
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 5,000,000,000 5,000,000,000
Common stock, shares issued (in shares) 1,906,671,492 1,906,671,492
Treasury stock, shares of common stock (in shares) 1,276,381,562 1,217,831,721
Fortitude RE    
Assets:    
Reinsurance asset, allowance for credit loss $ 0 $ 0
Excluding Fortitude    
Assets:    
Reinsurance asset, allowance for credit loss 223 206
Short-term investments, at cost (approximates fair value)    
Assets:    
Restricted cash 72 1
Other assets    
Assets:    
Restricted cash 15 32
Recurring Basis    
Assets:    
Other investments 11,780 4,175
Short-term investments 8,822 9,363
Other assets 231 374
Liabilities:    
Fortitude Re funds withheld payable, portion measured at fair value 0 (148)
Other liabilities $ 268 $ 482
[1] See Note 10 for details of balances associated with variable interest entities.