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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 2,366 $ (1,827)
Loss from discontinued operations 0 3,580
Noncash revenues, expenses, gains and losses included in income (loss):    
Net losses on sales of securities available for sale and other assets 539 132
Net gain on divestitures and other (53) (94)
(Gain) loss on extinguishment of debt (5) 1
Unrealized gains in earnings - net (537) (4)
Equity in income from equity method investments, net of dividends or distributions (16) (57)
Depreciation and other amortization 2,580 2,607
Impairments of assets 286 24
Changes in operating assets and liabilities:    
Insurance reserves 540 1,864
Premiums and other receivables and payables - net (932) (539)
Reinsurance assets, net (272) (1,199)
Capitalization of deferred policy acquisition costs (2,576) (2,665)
Current and deferred income taxes - net 717 (5)
Other, net 41 1,434
Total adjustments 312 1,499
Net cash provided by operating activities - continuing operations 2,678 3,252
Net cash used in operating activities - discontinued operations 0 (104)
Net cash provided by operating activities 2,678 3,148
Sales or distributions of:    
Available for sale securities 9,866 7,323
Other securities 128 192
Other invested assets 2,371 1,298
Divestitures, net 0 6
Maturities of fixed maturity securities available for sale 6,368 6,887
Principal payments received on and sales of mortgage and other loans receivable 880 483
Purchases of:    
Available for sale securities (19,887) (13,254)
Other securities (137) (224)
Other invested assets (656) (364)
Mortgage and other loans receivable (245) (294)
Net change in short-term investments 5,150 1,324
Other, net (579) (187)
Net cash provided by investing activities - continuing operations 3,259 3,190
Net cash used in investing activities - discontinued operations 0 (4,171)
Net cash provided by (used in) investing activities 3,259 (981)
Proceeds from (payments for)    
Issuance of long-term debt 1,241 1
Purchase of common stock (5,252) (4,830)
Redemption of preferred stock 0 (485)
Dividends on preferred stock and preferred stock redemption premiums 0 (22)
Dividends on common stock (734) (758)
Other, net 90 666
Net cash used in financing activities - continuing operations (5,744) (5,939)
Net cash provided by financing activities - discontinued operations 0 3,880
Net cash used in financing activities (5,744) (2,059)
Effect of exchange rate changes on cash and restricted cash 29 (37)
Net increase in cash and restricted cash 222 71
Cash and restricted cash at beginning of year 1,372 1,573
Cash and restricted cash of held for sale assets 0 (85)
Cash and restricted cash at end of period 1,594 1,559
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:    
Cash 1,589 1,472
Restricted cash included in Short-term investments [1] 3 72
Restricted cash included in Other assets [1] 2 15
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows 1,594 1,559
Cash paid during the period for:    
Interest 268 581
Taxes 135 811
Non-cash investing activities:    
Fixed maturity securities available for sale received in connection with pension risk transfer transactions attributed to discontinued operations 0 1,316
Fixed maturity securities and other invested assets received in connection with reinsurance transactions 0 254
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions (17) (148)
Non-cash financing activities:    
Interest credited to policyholder contract deposits included in financing activities 0 2,416
Fee income debited to policyholder contract deposits included in financing activities 0 (1,426)
Consolidated Entity, Excluding Consolidated VIE    
Proceeds from (payments for)    
Repayments of debt (1,087) (510)
Consolidated VIE    
Proceeds from (payments for)    
Repayments of debt $ (2) $ (1)
[1] Includes funds held for tax sharing payments to AIG Parent, security deposits, and replacement reserve deposits related to real estate.