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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Bonds available for sale, allowance for credit losses $ 38 $ 34
Bonds available for sale, amortized cost 66,195 68,119
Mortgage and other loans receivable, allowance for credit losses 37,800 37,776
Other investments 9,828 6,368
Short-term investments [1] 14,462 12,865
Premiums and other receivables, allowance for credit losses and disputes 127 138
Reinsurance asset, allowance for credit loss 220 206
Deposit accounting assets, allowance for credit loss 49 49
Other assets [1] 4,735 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 $ (3,207) $ (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) 1,300,512,040 1,217,831,721
Fortitude RE    
Assets:    
Reinsurance asset, allowance for credit loss $ 0 $ 0
Excluding Fortitude    
Assets:    
Reinsurance asset, allowance for credit loss 220 206
Short-term investments, at cost (approximates fair value)    
Assets:    
Restricted cash 55 1
Other assets    
Assets:    
Restricted cash 15 32
Recurring Basis    
Assets:    
Other investments 7,384 4,175
Short-term investments 9,789 9,363
Other assets 179 374
Liabilities:    
Fortitude Re funds withheld payable, portion measured at fair value (128) (148)
Other liabilities $ 251 $ 482
[1] See Note 10 for details of balances associated with variable interest entities.