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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Summary of Assets Supporting Funds Withheld Arrangements
There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets:
March 31, 2026December 31, 2025
(in millions)Carrying
Value		Fair
Value		Carrying
Value		Fair
Value		Corresponding Accounting Policy
Fixed maturity securities - available for sale(a)
$1,697 $1,697 $1,780 $1,780 Fair value through other comprehensive income (loss)
Fixed maturity securities - fair value option670 670 734 734 Fair value through net investment income
Commercial mortgage and other loans345 336 359 344 Amortized cost
Short-term investments155 155 43 43 Fair value through net investment income
Funds withheld investment assets2,867 2,858 2,916 2,901 
Derivative assets, net(b)
1 1 — — Fair value through net realized gains (losses)
Other(c)
101 101 137 137 Amortized cost
Total$2,969 $2,960 $3,053 $3,038 
(a)The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(17) million ($(13) million after-tax) and $85 million ($67 million after-tax), respectively, for the three months ended March 31, 2026 and for the year ended December 31, 2025.
(b)The derivative assets and liabilities have been presented net of cash collateral. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $2 million and $27 million, respectively, as of March 31, 2026. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $1 million and $31 million, respectively, as of December 31, 2025. These derivative assets and liabilities are fully collateralized either by cash or securities.
(c)Primarily comprised of Cash and Accrued investment income.
Summary of the Impact of Funds Withheld Arrangements
The impact of the funds withheld arrangements with Fortitude Re was as follows:
Three Months Ended March 31,
(in millions)20262025
Net investment income - Fortitude Re funds withheld assets$23 $40 
Net realized gains (losses) on Fortitude Re funds withheld assets:
Net realized losses - Fortitude Re funds withheld assets(13)(2)
Net realized gains (losses) - Fortitude Re funds withheld embedded derivative10 (41)
Net realized losses on Fortitude Re funds withheld assets(3)(43)
Income (loss) before income tax expense (benefit)20 (3)
Income tax expense (benefit)(a)
4 (1)
Net income (loss)
16 (2)
Change in unrealized depreciation on available for sale securities(a)
(13)(2)
Comprehensive income (loss)$3 $(4)
(a)The income tax expense (benefit) and the tax impact in Accumulated other comprehensive income (loss) (AOCI) were computed using AIG’s U.S. statutory tax rate of 21 percent.
Rollforward of the Reinsurance Recoverable Allowance
The following table presents a rollforward of the reinsurance recoverable allowance:
Three Months Ended March 31,
(in millions)20262025
Balance, beginning of year$297 $269 
Addition to (release of) allowance for expected credit losses and disputes, net(1)3 
Write-offs charged against the allowance for credit losses and disputes(1)— 
Other changes— 7 
Balance, end of year$295 $279