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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $30 in 2025 and $38 in 2024 (amortized cost: 2025 - $67,886; 2024 - $66,195) $ 66,027 $ 64,006
Other bond securities, at fair value 754 745
Equity securities, at fair value 733 704
Mortgage and other loans receivable, net of allowance for credit losses of $37,791 in 2025 and $37,800 in 2024 3,737 3,868
Other invested assets (portion measured at fair value: 2025 - $7,713; 2024 - $7,384) 9,987 9,828
Short-term investments, including restricted cash of $2 in 2025 and $55 in 2024 (portion measured at fair value: 2025 - $6,212; 2024 - $9,789) 10,601 14,462
Total investments 91,839 93,613
Cash 1,393 1,302
Accrued investment income 631 599
Premiums and other receivables, net of allowance for credit losses and disputes of $129 in 2025 and $127 in 2024 11,684 10,463
Deferred income tax assets 4,962 4,956
Deferred policy acquisition costs 2,009 2,065
Goodwill 3,398 3,373
Deposit accounting assets, net of allowance for credit losses of $49 in 2025 and $49 in 2024 2,458 2,171
Other assets, including restricted cash of $13 in 2025 and $15 in 2024 (portion measured at fair value: 2025 - $183; 2024 - $179) 4,724 4,735
Total assets 161,864 161,322
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2025 and $14 in 2024 68,896 69,168
Unearned premiums 18,090 17,232
Future policy benefits 1,342 1,317
Other policyholder funds 395 418
Fortitude Re funds withheld payable (portion measured at fair value: 2025 - $(79); 2024 - $(128)) 3,215 3,207
Premiums and other related payables 7,343 6,052
Deposit accounting liabilities 3,270 3,005
Commissions and premium taxes payable 1,761 1,522
Current and deferred income tax liabilities 481 426
Other liabilities (portion measured at fair value: 2025 - $181; 2024 - $251) 6,859 7,503
Total liabilities 120,405 118,772
Contingencies, commitments and guarantees (See Note 13)
AIG shareholders’ equity:    
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2025 - 1,906,671,492 and 2024 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2025 - 1,326,291,552 shares; 2024 - 1,300,512,040 shares of common stock (67,662) (65,573)
Additional paid-in capital 75,251 75,348
Retained earnings 35,540 35,079
Accumulated other comprehensive loss (6,464) (7,099)
Total AIG shareholders’ equity 41,431 42,521
Non-redeemable noncontrolling interests 28 29
Total equity 41,459 42,550
Total liabilities and equity 161,864 161,322
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Long-term debt 8,596 8,764
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary    
Liabilities:    
Long-term debt 157 158
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 3,285 3,427
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes $ 35,481 $ 34,618